Book Keeping and Accounting
Business Services and Accounting
Our Business Services and Accounting practice provides clients with accounting and financial expertise to supplement and support their in-house resources and to provide specialist resource and processes which may be difficult to source. Business Services and Accounting support clients’ accounting, finance and compliance needs, be this specialist technical support, help to cover a short term gap or at particular times in the year, through to a fully outsourced finance function.
Accounting Software and Solutions
ZACK WANJAMA CPAK AND COMPANY ASSOCIATES can advise clients in the selection of the right business software for their business needs. Our approach starts by understanding our clients’ business and strategic objectives then specifying the requirements to ensure the selection of the right system to meet current and future business needs, with suppliers contractually bound to meeting those requirements.
Book Keeping and Finance Back Office
ZACK WANJAMA CPAK AND COMPANY ASSOCIATES provide bookkeeping services through our sister company UCL whereby our team maintains clients’ accounting records on their behalf.
This service is geared to the needs of each individual client. ZACK WANJAMA CPAK AND COMPANY ASSOCIATES can provide assistance on:
- Accounts payable ledgers and payments
- General ledger
- Bank account creation and reconciliation
- Treasury and bank account operation
- Fixed asset register
- Depreciation schedules
- Expense reports
- Journals and accruals
- Monthly trial balances in agreed chart of accounts
- Year-end reporting and preparation for audit
Taking the service a step further, in addition to processing invoices, payments, income records and bank transactions, we also provide management accounts and reports for our clients on a periodic basis to suit their needs.
Annual and Management Accounts
Annual Accounts
All Kenyan limited companies are obliged to prepare and file statutory accounts with registrar of companies. Sole traders and partnerships have an obligation to submit financial information to KRA and in accordance with general accounting standards.
- We will help you meet your statutory financial reporting requirements and, as part of our core service
- Prepare annual financial statements in the required statutory format;
- Assist in meeting company registrar filing deadlines for limited companies;
- Liaise with our tax department to ensure information is complete to assist in meeting KRA tax filing deadlines.
Our team offers a wealth of experience on the interpretation of this financial information and works closely with you to help you understand the financial results of your business. We will provide advice on how to use this information to help make decisions about how to grow and develop your business.
Management Accounts
Should you wish to monitor the financial performance of your business on a more regular basis, we can assist SMEs in the Kenya with preparation management accounts.
Management information can be produced on a monthly or quarterly basis and provides a vital management tool to help you make the right decisions for your business. We provide financial information to suit your organization and help you review and evaluate this information on a regular basis.
We can also provide:
- Analysis of Key Performance Indicators (KPIs);
- Variance reporting;
- Preparation annual budgets;
- Financial projections
Management accounts are often specifically requested by the bank or other external funders. We will ensure that the management information required to meet any of your financial covenants are produced within the reporting deadline.
If you are seeking a financial controller or a management accountant, but cannot justify the costs associated with appointing a full time employee to perform these services, we can provide a tailored service to suit your business requirements. We would be delighted to be part of your financial support team