Outsourced Accounting

The real value of outsourcing accounting is that it reduces costs. By outsourcing your accounting operations, you’re paying a fixed amount to EK Finance (Covering Accounting, financial reporting, Tax, advisory…) instead of having in-house accountants and external auditors jointly. Worry no more on the typical employee expenses like benefits, insurance, payroll taxes, paid leaves, etc.

It is beneficial to the growth of your business to outsource administrative tasks like bookkeeping and accounting to focus your energy and time on growing your business. You won’t get distracted by worrying about what is happening on the back-end of your business. By outsourcing, you can stay focused on your core processes and your clients.

We book all data entry into accounting ledgers or software: vendor bills, customer invoices, payments, incoming transfers and deposits, other disbursements and withdrawals, accruals. Our accountant maintains complete and up-to-date detailed accounts receivable, accounts payable and cash account ledgers and provides daily or weekly reports on these and other critical areas of business management.

Timely reconciliation is performed by our accountants to monitor the quality of the bookkeeping and facilitate faster identification of errors.

• Bank reconciliation
• Credit card reconciliation
• Vendor reconciliation

We produce periodic financial statement and analysis to help the management identify the company’s financial position.

• Weekly cash flow statement
• Monthly Balance sheet
• Monthly profit & loss
• Project Profit & loss
• Horizontal & vertical analysis
• Ratio analysis

We manage account payables in a professional manner, by setting up the right payment terms by vendor, by project and as per the contractual agreement with the vendors; All payments will be prepared based on invoice, submitted for management approval either manual or online.

We help improve your collection process by following up with customers

• Preparing aging AR report
• Sending timely statement of accounts to our customers

We provide Payroll and HR solutions that suit your business needs. We offer small to medium sized enterprises and business owners a professional approach to this sensitive cycle.

• Monthly or weekly payroll files
• Overtime and double time calculation
• Social security calculation and declarations
• Salary tax calculation and declarations

We offer expert cost control services to help our clients manage and reduce expenses, ensuring projects stay within budget and maximize profitability.

We provide specialized training for accounting personnel, equipping them with the skills and knowledge needed to excel in financial management and compliance.

We assist in the selection and implementation of accounting software, ensuring our clients adopt the best solutions for their financial management needs.