At Bridgebooks, we provide a comprehensive suite of accounting and financial services tailored to meet the unique needs of our clients. Our experienced team is dedicated to delivering accurate, timely, and reliable solutions that empower businesses to thrive. Below is a detailed overview of the services we offer:
- Our Services
a comprehensive suite of accounting and financial services
Book Keeping
Our bookkeeping services are designed to keep your financial records organized and up-to-date. We manage daily transactions, categorize expenses, and perform monthly reconciliations to ensure accuracy. By outsourcing your bookkeeping to us, you can focus on strategic business decisions while we handle:
- Recording of daily transaction
- Bank & Credit card reconciliations
- Assets / Equipment’s ledger maintenance
- General ledger maintenance
- Expense ledger maintenance
- Inventory reconciliation
Accounts Payable
Efficient management of accounts payable is crucial for maintaining healthy vendor relationships and cash flow. Our accounts payable services streamline the entire process, allowing you to manage your payables effectively. We offer:
- Invoice processing and verification
- Timely payment scheduling
- Vendor management and communication
- Detailed aged payable report
- Regular reconciliation of accounts
Accounts Receivable
Managing accounts receivable is essential for maintaining cash flow and financial stability. Our team will help you optimize your receivables process by providing:
- Invoice generation and distribution
- Payment tracking and follow-ups on outstanding invoices
- Cash flow analysis and forecasting
- Reporting on receivables aging and collection efforts
Payroll Management
Our payroll management services ensure that your employees are paid accurately and on time while remaining compliant with labor laws. We handle all aspects of payroll processing, including:
- Calculating gross wages, Top Up, Holiday pay etc.
- Creating and maintaining employee records within a payroll administration system
- Carrying out PAYE and NI calculations and deductions (including SSP and SMP/SPP deductions)
- Producing pay slips, management information & reports
- Preparing the management reports department wise and cost centre wise
- Completion of the year end submission and issuing P14’s/P60’s/wages reconciliation
Audit Support Services
Preparing for an audit can be a daunting task. Our audit support services provide you with the necessary tools and expertise to navigate the audit process smoothly. We assist with:
- Assistance in preparing, verifying and reviewing the working papers
- Testing internal controls, obtaining & verifying audit evidence
- Summarizing audit observations, Cross-referencing the documents and submitting recommendations to make the review process easier
- Performing casting procedures on accounts for internal consistency, mathematical accuracy and agreeing on lead schedules with final accounts
- Quality review and preparation of financial statements
- Independent review of audit files to ensure completeness
- Preparation and review of GAAP compliance checklist
- Preparing notes to maintain proper disclosures
- Prepare checklists to report errors to the onshore audit team to make necessary changes to the financial statements and future accounts
Management Accounts
Management accounts are vital for informed decision-making. We prepare detailed management accounts that provide insights into your business's financial performance, including:
- Periodical management reporting services that help in business decision making
- Preparing customized reports for bankers or other stakeholders
- Calculation of various ratios and performance measures to analyze the performance
- Deviations identification and suggestions for controls requirements
- Recommendation for better cash flows and finance management
- Professionally accounting supervision services and controllership services
- Accurate and timely financial reports to gain stakeholders’ confidence
- Recommendations based on the actual performance
Year end Finalisation
If your financial records are disorganized or incomplete, our cleanup accounting services can help restore order. We conduct thorough audits of your existing records, followed by:
- Preparing financial statements from client’s books/software
- EOY Journal adjustments
- General ledger scrutiny
- Reconciliation of assets and liabilities at EOY
- Analytical review and variance analysis
- Suggestions / feedback for improvement of bookkeeping by client
- Preparation of cross-referenced working paper files
- Preparation of excel schedules and workings to support financial statements
Tax Returns for Individuals, Partnerships & Companies
Whether you are an individual taxpayer, a small business owner, or part of a larger corporation, our outsourced accounting solutions are designed to minimize your tax liability while ensuring that all necessary paperwork is completed accurately and submitted on time.
- Form 1040: U.S. Individual Income Tax Return
- Form 1041: U.S. Income Tax Return for Estates and Trusts
- Form 1120: U.S. Corporation Income Tax Return
- Form 1065: U.S. Return of Partnership Income
- Form 1120S: U.S. Income Tax Return for an S Corporation
- Form W-7: Application for IRS Individual Taxpayer Identification Number (ITIN)
Our process
Getting to Know You
Prior to formal engagement, we prioritize understanding your personal situation, financial goals, and key concerns that drive your search for financial advice. This forms the basis for a mutually agreed-upon scope of work. Please find below a comprehensive list of our capabilities.
Gaining Clarity on Your Finances
Our comprehensive planning engagements start by jointly assessing your balance sheet and cash flow. Access our secure client portal to upload documents or link your accounts electronically.
Building Your Financial Vision
We collaborate with you to prioritize your goals and assess the financial choices and risks involved in achieving them. Through close partnership, we establish a baseline projection of your future financial wealth, providing a roadmap for your success.
Analyzing Tradeoffs
We use our financial model to develop alternative scenarios, informing recommendations on taxes, insurance, and investments to align with your goals. Exploring scenarios to align recommendations.
At Bridgebooks, we are committed to delivering exceptional service tailored to your unique needs. Our goal is to empower you with the financial insights necessary for informed decision-making while ensuring compliance with all applicable regulations. Contact us today to learn how we can support your business’s financial success!
