Accounting
Small and medium businesses now face tough competition and need to have strict controls over their finances. This is only possible with solid accounting function which may not be available in-house.
Benefits of the outsourced accounting are following:
- Saving - dedicated full-time accountant's salary is usually higher than our monthly fees;
- Skills - with outsourcing you get access to wide range of financial expertise of our team members;
- Continuity - your whole accounting process and data is not dependant on one person;
We provide small and medium businesses with outsourced financial and management accounting services on a fixed-fee basis. We tailor our services specifically for the needs of your company and available resources. Our services include following:
- Processing transactions and maintaining accounting general ledger;
- Bank and cash reconciliations;
- Accounts payable;
- Accounts receivable;
- Stock accounting;
- Fixed assets accounting;
- Monthly preparation of profit or loss, balance sheet and cash flow statement;
- Preparation of management reports (sales, products profitability, receivables ageing, segment reporting, etc).
Monthly fees for outsourced accounting services are based on the complexity of the business, volume of transactions and number of reports produced. For small and medium-sized local companies monthly fees can range from 500 AZN to 2,500 AZN.
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