Financial Reporting

ThinkSmart offers a comprehensive array of services designed to streamline the everyday demands of running your business, effectively managing finances, and achieving sustained success. Our core services, outlined below, encompass bookkeeping, management accounting, payroll administration, and the preparation of statutory financial statements, allowing you the freedom to focus on your core competencies.

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Bookkeeping Services: Our meticulous bookkeeping ensures the maintenance of accurate accounting records, providing real-time reports for your business. We cover tasks such as computerized record-keeping, bank and debtor/creditor reconciliations, budget preparation, and supervising accounting departments.

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Management Accounting: We provide valuable insights by interpreting financial figures. Our team creates monthly, quarterly, and annual management accounts and reports to offer a clear view of your business's health. We also handle the preparation of parent's separate or consolidated financial statements following International Financial Reporting Standards (IFRS).

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Payroll: Our payroll services encompass calculating employee payroll, generating detailed reports, and handling all aspects of compensation, including gross salary, benefits, social insurance contributions, personal taxes, and net pay. We also assist with keeping authorities updated on employee information changes, issue monthly pay slips, prepare bank transfer reports for salary payments, and manage reporting to tax authorities.

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IFRS Services: We understand the significance of compliance with International Financial Reporting Standards (IFRS) and offer a suite of services to assist our clients:

• Preparation of Financial Statements under IFRS: We prepare IFRS financial statements, ensuring compliance with all IFRS provisions and disclosure requirements, enhancing the credibility and relevance of financial statements for various stakeholders.

• IFRS Consulting Services: We provide IFRS consulting services, assisting our clients in adopting new IFRS standards and interpreting specific provisions.

At ThinkSmart, we take pride in delivering reliable and responsible business support services, aiming to witness your business thrive. Regardless of the size or complexity of your operation, our experts are dedicated to your success.

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ThinkSmart-We see beyond the numbers.