EXECUTIVE SUMMARY
Urban Accounting Services (Pty) Ltd is a 100% Botswana citizen owned company. It is duly incorporated, registered and licensed to provide Accounting Services. The company management has years of experience in providing Accounting Services. We contend to be one of the fastest growing companies due to our aggressive operational and marketing strategy of meeting all challenges head
on. MISSION STATEMENT
Urban Accounting Services aims towards an ultimate goal of bringing value to our clients. We understand that our clients are the reason we are here today as an accounting firm. Our Mission Statement is as follows:
Mission
To provide clients with superior personalized tax, accounting and consulting services by implementing practical solutions for our clients’ diverse needs. Growth
Our growth is dependent upon providing clients financial fuel to drive their ideas, inspirations, and goals into profitable results. Commitment
Making sure that we keep updated with the most recent technical financial information to maintain our clients’ integrity and trust. Goal
Making sure that everybody prospers along the journey. Services
Accounting Services
Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following:
General ledger & Financial Statement Preparation
Bookkeeping (Monthly/Quarterly/Annual)
Accounting system setup for new businesses
Computerized payroll services
Business VAT/Tax return preparation
Personal financial statements
Personal Tax return
Personal Tax Registration
Business VAT/Tax registration
Consulting Services
Incredible Accounting Systems
We got your back. We have the right software’s to cover you. Included in your monthly investments are accounting systems. The most useful time savings, value added profit multiplier applications on the planet, all at your fingertips. This includes:
Pastel Software
Quick Books e.tc
Tax Services
Superior Tax Planning & Preparation
We want to assure you and your business that your taxes are done to reflect the least legal amount of tax possible. Tax planning and preparation form a winning combination for our successful individual and business clients. Whether you are an individual or a multi-tiered partnership, our experienced staff can develop tax strategies that take advantage of new tax laws and legislation. Adding value to you and business is our top priority. Bank Reconciliation
Reconciling your business checking account each month allow us to keep your bank account, accounting, and taxes up-to-date. Having us reconcile your account each month allows you to:
Identify lost checks
Lost deposits and unauthorized wire transactions.
Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank.
Detect and prevent embezzlement of funds from within your company.
Know how your business is doing? You can't really know unless all accounts are reconciled and properly accounted for on your financial statement.
Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you. Income Statement
An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period. An income statement allows you to:
Track revenues and expenses so that you can determine the operating performance of your business.
Determine what areas of your business is over-budget or under-budget.
Identify specific items that are causing unexpected expenditures. Like phone, fax, mail, or supply expenses.
Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
Determine your income tax liability. Balance Sheet
A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time. A balance sheet helps you:
Quickly get a handle on the financial strength and capabilities of your business
Identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively.
Determine if your business is in a position to expand.
Determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses?
Determine if you need to take immediate steps to bolster cash reserves?
Determine if your business has been slowing down payables to forestall an inevitable cash shortage? Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you. Maintaining a Clean General Ledger
The general ledger is the core of your company's financial records. These records constitute the central "books" of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books. Having us review your general ledger system each month allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we'll fix the discrepancies so your books are always accurate and kept in tip top shape. Payroll Services
We offer payroll solutions that meet your business's needs and enable you to spend time doing what you do best--running your company. Why Outsource Your Payroll? It's Cost Effective
Use your staff more efficiently by letting us handle payroll and the associated legal details. Reduce overhead by removing the need to hire specialized employees. It's a Time Saver
Our payroll service eliminates the burden of customizing, updating and maintaining your own payroll system--no more data entry, no more researching updates or new laws, no more worries. Worry Free Payroll Tax Filing
Eliminate the risks of calculating and filing your own payroll taxes by having professionals do it for you. Federal, state and local payroll tax laws are frequently changing and becoming more complex. How much time do you want to spend learning all the rules and keeping your information up to date? Allows you to focus on Core Competencies
Our professional staffs allow you to focus on the core competencies of your business. We are accounting professionals--you get the experts working for you and with you. Comprehensive Reports
You get a wide variety of user-friendly and accurate payroll reports. For a nominal fee, we will include union reports, certified payroll, workers' compensation reports and much more. Get the Payroll Solution That Best Fits Your Needs. We know that when it comes to payroll service - no one size fits all. That's why we offer the following 3 custom payroll processing options:
1. Comprehensive Payroll Services
Our Comprehensive Payroll Service takes care of the entire payroll processing for you, so that you won't have to. You get:
Your payroll checks prepared and printed on-time, every-time.
All of your payroll checks are laser printed on "blank" check stock to ensure maximum security and meet the micro encoding standards
Detailed reports on your employee's vacation, sick days, and personal days accruals.
Creation and filing of the required new hire reports
Your payroll records maintained in tip top shape.
2. After-the-Fact-Payroll Services
We will take your manually-prepared payroll records and other payroll information and post this information to our data files, so you get:
Detailed reports on your employee's vacation, sick days, and personal day’s accruals.
Creation and filing of the required new hire reports
Your payroll records maintained in tip top shape.
3. Online Payroll Processing
You can enter your employee's hours and earnings securely online and get:
The ability to instantly print payroll checks on your own printer.
Free Direct Deposits
Detailed reports on your employee's vacation, sick days, and personal days accruals.
Creation and filing of the required new hire reports
Your payroll records maintained in tip top shape
Audit
An audit provides the highest level of assurance. An audit is a methodical review and objective examination of the financial statements, including the verification of specific information as determined by the auditor or as established by general practice. Our work includes a review of internal controls, testing of selected transactions, and communication with third parties. Based on our findings, we issue a report on whether the financial statements are fairly stated and free of material misstatements. An Audit allows you to:
Satisfy stakeholders such as employees, customers, suppliers and pressure groups, as well as the investing community, as to the credibility of published information.
Facilitate the payment of corporate tax, goods and services tax, and other taxes on-time and accurately, thereby avoiding interest, penalties, and investigations.
Comply with banking covenants.
Help deter and detect material fraud and error.
Facilitate the purchase and sale of businesses. Here's what you get...
You get the highest level of assurance because we go outside your company to obtain more information. Typically, we'll have written communication with:
- Your customers, to check outstanding receivable balances,
- Your banks, to confirm cash or debt balances and terms,
- Your vendors, to verify outstanding payable balances, and
- Your attorneys, for information on pending or threatened legal action.
