Accounting & Bookkeeping

AuditMax provides specialized Accounting & Bookkeeping services tailored to meet the unique needs of public agencies, companies, and SMEs. Our comprehensive solutions include setting up accounting systems, designing management information systems, updating and clearing account arrears, payroll services, accounting for donor project funds, and preparing accounting and internal control manuals.

How It Is Done:

Setting Up Accounting Systems: We implement and configure accounting software to streamline financial processes, ensuring accuracy and efficiency.
Designing Management Information Systems: We create customized management information systems to meet the specific requirements of each client, facilitating better decision-making and financial control.
Updating Books of Account: Our team updates and reconciles financial records, addressing any arrears and ensuring compliance with regulatory standards.
Payroll Services: We manage payroll processing, ensuring timely and accurate payment of salaries and compliance with tax regulations.
Accounting for Donor Project Funds: We provide detailed accounting services for donor-funded projects, ensuring transparency and accountability.
Preparation of Accounting and Internal Control Manuals: We develop comprehensive manuals outlining accounting procedures and internal controls to enhance financial management and compliance.

What is included in the setup of an accounting system?

The setup includes selecting and implementing appropriate accounting software, configuring it to suit your business needs, and training your staff on its usage.

How often should books of account be updated?

Ideally, books of account should be updated regularly, such as daily or weekly, to ensure accuracy and up-to-date financial information. However, the frequency can be adjusted based on the business's size and complexity.

What are the benefits of having an internal control manual?

An internal control manual provides guidelines for financial processes, helps prevent fraud, ensures compliance with laws and regulations, and enhances overall financial management.

Why is accounting for donor project funds important?

Proper accounting for donor project funds ensures that the funds are used as intended, maintains transparency, and helps build trust with donors by demonstrating accountability and compliance with their requirements.