1 Month Free Of Charge For New Customers
Each subscription plan comes with a different number of transactions. The more transactions your company has, the higher the level of subscription needed. Our services can be customised by you in order to fullfil your needs, just reach us out stating the services you need and we'll get back to you with a tailored brochure containing prices per single service.We are Financial-Ship. We provide Outsourced bookkeeping services- currently only for small businesses in the US and UK.
Headquarters based in Tirana,Albania
We offer 24/7 Live Chat Client Support
Our bookkeepers register daily all the transactions included in the bank statement. We are prepared and certified for both basis of accounting. For some clients we proceed with the cash basis of accounting and for some others with the accrual basis of accounting based on our clients’ needs.
A bank reconciliation is a process performed by Financial-Ship to ensure that its records (check register, general ledger account, balance sheet, etc.) are correct. This is done by comparing the company's recorded amounts with the amounts shown on the bank statement. When there are no differences, Financial-ship states that the bank statement has been reconciled. The bank reconciliation is an important part of a company's internal controls over its assets.
Payroll is a list of employees who get paid by the company. Payroll also refers to the total amount of money employer pays to the employees. As a business function, it involves: 1. Developing organization pay policy including flexible benefits, leave encashment policy, etc; 2. Defining pays lip components like basic, variable pay, HRA, and LTA; 3. Gathering other payroll inputs (e.g., organization’s food vendor may supply information about the amount to be recovered from the employees for meals consumed); 4. The actual calculation of gross salary, statutory as well as non-statutory deductions, and arriving at the net pay; 5. Releasing employee salary; 6. Depositing dues like TDS, PF, etc. with appropriate authorities and filing returns; In short, we can say that payroll process involves arriving at what is due to the employees also called as ‘net pay’ after adjusting necessary taxes and other deductions.
As a business, you need the reliability of frequent financial reports to gain a better grasp of your financial status, both current and future. In addition to empowering you to take a proactive approach concerning the management of your company’s finances, financial reports help assist in increasing long-term profitability through short-term financial statements (Balance Sheet, Income Statement, Cash Flow Statement, Accounts Receivable Turnover, Accounts Payable Aging Report) etc.
To commemorate Small Business Advice Week, ACCA (the Association of Chartered Certified Accountants) produced a report outlining the importance of Smaller accountancy firms on businesses trying to survive the Covid-19 pandemic
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Deloitte has been fined a record £15m and severely reprimanded by the Financial Reporting Council (FRC) for ‘serious and serial failures’ in its auditing of software company Autonomy, including ‘numerous’ examples of misconduct and a lack of professional scepticism
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To improve the audit quality, acceptability, reliability, admissibility and standardization of the forensic report, ICAI will issue 30 standards under six broad section and is proposed to launch the same by the end of December 2020.
Read MoreIt is the 2nd year we're working with Financial-Ship, and I can totally recommend them.
Never worked before with an outsourced bookkeeping company, and I regret that.
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We are Financial-Ship. We provide Outsourced bookkeeping services currently only for small businesses in the US and UK.
Headquarters based in Tirana,Albania
We offer 24/7 Live Chat Client Support
© 2020 Financial-Ship. Originals
Crafted by AppAlbania
