Book keeping services – International Financial Services Limited

Bookkeeping Services

We offer customized bookkeeping solutions to help businesses maintain accurate financial records
ensure compliance, and make informed decisions for sustainable growth.

An efficient Bookkeeping System is critical for any organization because it ensures accurate financial tracking, regulatory compliance, and informed decision-making across all business operations. Below are some of the major bookkeeping services we are providing at IFSL

GENERAL LEDGER
MAINTENANCE

Maintain a detailed, up-to-date record of all financial transactions, ensuring accuracy, proper classification, and a solid foundation for financial reporting and business analysis.

BANK RECONCILIATION

Compare internal financial records with bank statements to identify discrepancies, detect fraud, and ensure accurate, real-time cash balance reporting for better financial control.

TAX PREPARATION AND
FILING SUPPORT

Prepare and file accurate business tax returns, ensure compliance with laws, and reduce risks of penalties or audits through timely, organized, and complete tax documentation.

ACCOUNTS PAYABLE
MANAGEMENT

Manage and record company expenses, vendor invoices, and payments, ensuring timely processing and maintaining positive relationships with suppliers

PAYROLL PROCESSING

Calculate and distribute employee salaries, deductions, and taxes accurately, ensuring full compliance with regulations and securing records for payroll and tax reporting.

BUDGETING AND
FORECASTING

Develop financial plans and forecasts to project income and expenses, align business strategies, monitor financial goals, and data-driven decision-making and resource allocation.

ACCOUNTS RECEIVABLE
MANAGEMENT

Track and collect customer payments by issuing invoices, managing outstanding balances, and following up on overdue accounts to ensure healthy cash flow and financial stability.

FINANCIAL REPORTING

Generate essential financial reports such as income statements, balance sheets, and cash flow statements to evaluate performance, decision-making, and meet regulatory compliance.

KEY TO BUILD A ROBUST
SERVICES FOR BOOKKEEPING AND ACCOUNTING

Record, Reconcile, Report: Creating a Precision Bookkeeping System for Lasting Financial Clarity and Growth.

A solid bookkeeping foundation rests on standardized, easy-to-follow procedures so everyone handling the numbers knows exactly what to do and when to do it. It calls for the complete capture of every transaction—sales, expenses, payroll, and digital payments—and for seamless integration with budgeting, inventory, and tax workflows.

Consistent, two-way communication between bookkeepers, managers, and external advisors ensures that the figures are understood and actionable. Leveraging modern, cloud-based software enables real-time posting, automated reconciliations, and insightful dashboards. Striking the right balance between regulatory compliance and business insight, dedicating the necessary resources, and maintaining vigilant oversight from owners and finance leaders all drive continuous improvement.

Together, these elements lay a resilient platform that transforms raw data into reliable intelligence—empowering any enterprise to make confident, growth-oriented decisions.

Information, We Need from You.

BUSINESS BANK STATEMENTS
Provided by the client on a weekly or monthly basis.
SUPPORTING DOCUMENTS
Receipts and bills in any format (PDFs, images, etc.).
TRANSACTION REFERENCES
Clients can share supporting documents via DEXT, allowing seamless integration with bookkeeping.

OUR PROCESS

.

TRANSACTION CLASSIFICATION

We categorize financial transactions such as income and expenses by carefully reviewing supporting documents provided by the client. This includes receipts, bills, and other financial paperwork. We also utilize the DEXT platform for efficient document management. All bills and invoices are organized within the DEXT folder. Each transaction is matched with its corresponding documentation. This ensures accuracy, compliance, and well-maintained financial records.

CUSTOMIZED CHART OF ACCOUNTS

We maintain a tailored Chart of Accounts specific to each client. It is customized based on the client’s industry standards. We align it with their unique operational and financial structure. This ensures clarity and consistency in financial reporting. Accounts are organized to support accurate tracking and analysis. We also adapt it for compliance and regulatory requirements. Our goal is to meet all of the client’s reporting needs efficiently.

RECORD, MATCH, RECONCILE

We ensure all financial transactions are recorded accurately and on time. Each entry is classified correctly according to the Chart of Accounts. We match bank transactions with corresponding ledger entries diligently. This reconciliation process helps identify any discrepancies early. It ensures that all financial data is complete and consistent. We use reliable tools and documentation for verification. Our process supports clean, audit-ready financial records. Accurate bookkeeping is the foundation of informed business decisions.

MANUAL BOOKKEEPING

We also provide manual bookkeeping solutions tailored for very small businesses. These solutions are offered using Excel-based templates only. This option is ideal for businesses with limited transactions or simple needs. Our custom templates are easy to use and maintain. They include organized sheets for income, expenses, and reconciliation. We assist clients in understanding and managing these templates effectively. This service ensures basic compliance and financial clarity. It’s a cost-effective solution for startups or solo entrepreneurs.

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