The “Professional Accounting Services” is a group of professional and experienced accountants, consultants and lawyers , established in 2006, dealing with the Accounting Consultancy and Taxation Services for Small and Medium size local companies, Traders, Manufacturers, Importers, exporters, Non Profit Organizations and other sectors in accordance with International accounting standards, Company law, Business Law, Tax Law and other law applicable in Pakistan
1. Implementing Accounting System
Accounting System implementation include:
• Data conversion from other accounting software or manual records to new accounting software.
• Configuration of templates and forms containing default settings (e.g. reports, chart of accounts).
• Customized Reports according to requirements.
• Staff Training and help documentation
2. Accounting and Bookkeeping services
Accounting and Bookkeeping services included
• Accounts payable
• Accounts receivables
• Maintaining General ledger
• Payroll processing
• Expense classification
• Sales Invoices
• Bank account reconciliation
• Budgeting & Forecasting
• Financial statements & custom reporting
• Inventory management
• Material Requirement Planning
• Work in process (WIP)
• Fixed asset management
• Working Capital Management
3. Taxation Services
• Registration (Income Tax, Sales Tax, PRA, PST)
• E-Filling of Monthly Withholding Income Tax Return/Statement
• E-Filling of monthly / Annually Sale Tax Return.
• E-Filling of Annual Income Tax Returns
• Handling with Legal Notices
4. Internal/External Audit Services
We have the facility of internal and external audit by professional accountants.
Internal Audit:
• To review an organization’s business processes
• Protect against fraud and theft of the organization’s assets
• To Ensure that the business enterprise is complying with applicable laws and requirements
• Make recommendations on how to improve internal controls
External Audit:
External Audit is to provide an independent opinion to the shareholders on the truth and fairness of the financial statements, whether they have been properly prepared in accordance with the Companies Act and accounting standards. We have the facility of external audit by Chartered Accountants and issue audited reports by exception to the shareholders according to requirements of SECP and other Laws.