Advance Institute of Business

Advance Institute of Business offers a wide range of bookkeeping services:

1. Accounts Payable Services:
   • Invoice processing
   • Vendor payment management
   • Expense tracking
2. Accounts Receivable Services:
   • Invoicing
   • Credit control and collections
   • Revenue tracking
3. Bank Reconciliation:
   • Matching bank transactions with internal records
   • Identifying and resolving discrepancies
   • Ensuring accuracy in financial statements
4. General Ledger Maintenance:
   • Posting journal entries
   • Ledger account reconciliation
   • Trial balance preparation
5. Financial Statement Preparation:
   • Income statements (Profit and Loss)
   • Balance sheets
   • Cash flow statements
6. Expense Tracking:
   • Monitoring and categorising business expenses
   • Expense report generation
   • Budget-to-actual analysis
7. Tax Preparation Support:
   • Organizing financial data for tax filing
   • Collaborating with tax professionals
   • Ensuring compliance with tax regulations
8. Bookkeeping Cleanup:
   • Reviewing and correcting errors in financial records
   • Bringing accounts up-to-date
   • Reconciling historical discrepancies
9. Financial Analysis and Reporting:
   • Providing financial insights
   • Generating customised financial reports
   • Offering recommendations for financial improvement
10. Cash Flow Management:
    • Monitoring and managing cash flow
    • Forecasting cash needs
    • Advising on cash flow optimisation strategies
11. Inventory Management:
    • Recording and tracking inventory levels
    • COGS (Cost of Goods Sold) calculations
    • Inventory valuation
12. Fixed Asset Tracking:
    • Recording and tracking fixed assets
    • Depreciation calculations
    • Asset register maintenance
13. Chart of Accounts Design:
    • Developing a customised chart of accounts
    • Tailoring accounts to business needs
    • Ensuring consistency and accuracy in financial reporting
14. Software Setup and Training:
    • Implementing accounting software
    • Providing training on bookkeeping software
    • Offering ongoing support and troubleshooting
15. Customised Reporting:
    • Developing specific reports tailored to business needs
    • Analyzing and interpreting financial data
    • Providing insights for strategic decision-making
16. Cloud-Based Bookkeeping:
    • Leveraging cloud accounting software
    • Facilitating remote access and collaboration
    • Ensuring data security and backup

Contact us to find out more:

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