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Global Back Office Services
1. Financial Accounting
- Accounting work to be done in Software. All documents to be sent to a folder which is accessible by us. Based on sources following areas can be further scrutinised or further developed.
- Accounts Payable
- Accounts Receivable
- Master Maintenance
- Fixed Assets
- Journals
- Purchase - Procurement leading to inventory.
- Expense Reimbursement.
- Lease accounting.
- Memorandum Accounting can also be pursued in case of need.
2. Operations Transaction
- Payroll Operations and tax compliance thereon.
- Outstanding Debtors collection and follow ups.
- Vendor Management
- Vendor qualifications
- Managing Ordering Process
- Coordination with bidders
- Placement of Purchase Order.
- Follow up for timely deliveries
- Vendor Payment
- Import and Export operations with Forex Exposure if any.
- Inventory Management
- Inventory Coding
- Inventory Audit
- Inventory Controls
3(A). Closure Reports
- Monthly MIS (P& L, B/s etc) with necessary reports.
- Monthly Financials.
- Yearly Budgeting, cash flow and identifying key perform indicators.
3(B). Closure of Transactions:
- Monthly, quarterly and yearly direct and indirect taxes compliances.
- Auditor Liaisoning and query resolution.
- Any other related support on need.
- Inter Company Transactions
- Discrepancies in intercompany transactions to be highlighted and sort.
- To report treatment of intercompany advances in local books and MIS.
4. Others
Risk Management:
- Measure and report all business risks.
- All identified risks are within the agreed exposure norms and highlight deviations if any.
- Managing levels of borrowings, inventories, receivables, payables, ratios and such other parameters are within the prescribed covenants and highlight deviations if any.
- Highlight areas where prudent risk management and / or adequate insurance cover is not in place.
- Insurance Claim Management.
- Exceptional reporting of significant accidents, thefts and such other incidents.
- Legal support services for agreements.
4. Others
Taxation:
- Annual tax plan review and updates.
- Managing tax audit observations and response from the company.
- To submit the status of pending capital allowance certificates from Abuja.
- To report on PAYE tax planning and assessment.
- To submit report on pending WHT deduction certificates from customers as per FIRS.
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