FINANCIAL ACCOUNTING & PREPARATION

Financial Accounting is the preparation of the full and abbreviated accounts that are required for statutory purposes by the prevailing Companies Acts and prepared using the relevant Accounting Standard(s).

Financial Accounts are sometimes referred to as “published accounts” or “annual accounts”.

At BENSACI our practising licence permits us to offer Financial Accounting and Accounts Preparation as well as Limited Assurance Engagement and provide additional assurance of the accuracy of the information included with the financial accounts over and above stating in the accountant’s report that: “these accounts have been prepared based on the information and explanations supplied by the principals/directors/trustees”, or in accordance with prevailing legislation where the accounts prepared are of a statutory nature.

We can also provide information to banks and buildings societies in support of client’s mortgage or loan application.

Please call us or fill in our contact us form to request more information or a call back to discuss your business needs with one of our expert advisers

BUDGETING AND FORECASTING

Budgeting includes the preparation of financial reports prepared before the accounting period(s) usually showing planned income, expenditure, and capital employed or cash flow.

Forecasting is the prediction of relevant future factors affecting a business and its environment and may be used as the basis for preparing budgets, for example a sales forecast or cash flow forecast.

BENSACI offers quality specialist and efficient budgeting and forecasting services to meet the client’s current and future business needs and assessment of performance.

Please call us or fill in our contact us form to request more information or a call back to discuss your business needs with one of our expert advisers

MANAGEMENT ACCOUNTING

Management Accounting is the preparation of financial reports required by the owner or management team of a business, often on a more frequent basis (for example quarterly, monthly or weekly) than financial accounts.

Some examples of management accounting reports are:

• Monthly profit and loss statement
• Monthly sales analysed by product or division
• Standard costing reports.

BENSACI offers quality robust specialist management accounting and report services to support business clients to monitor and control current performance and focus future business direction.

PAYROLL

Payroll includes the calculation (manually or by computer) of net pay of employees by deducting Income Tax, Insurance and other deductions from the gross pay.

BENSACI offers quality specialist and efficient Payroll services to meet the client’s business needs and ensure compliance to statutory requirements.

Please call us or fill in our contact us form to request more information or a call back to discuss your business needs with one of our expert advisers.

INTERNAL AUDIT

An organisation (such as a business, charity or public sector organisation) may want to carry outan Internal Audit to assess the effectiveness of management, financial controls and governance processes with a view for improvement. The person(s) who undertakes the Internal Audit may be:

An employee of the organisation (larger organisations may have an Internal Audit department)

A suitably qualified external accountant engaged on a consultancy basis.

The results and report from the Internal Audit are generally used internally by management within the organisation, unlike a statutory audit where the audit report and accompanying financial statements are intended for external users (such as shareholders and investors).

BENSACI offers quality specialist and efficient Internal Audit services to meet the client’s business needs.

We also provide an outsourcing solution specific to your accounting and business requirements, with focused reporting to suit your business needs.