Accounting Outsourcing – Sarsson Accounting Services

Accounting & Reporting Services

Finance is the lifeblood of any business or organization.
It regulates the smooth running of the firm. We at SAS provide virtual Accounting & Reporting Services to organizations looking for an outsourcing services provider who can single-handedly tackle finance and accounts function. SAS has a team of chartered accountants, tax professionals, and IT experts to provide high-quality Accounting & Reporting Services so that you need not manage an in-house team. We provide outsourced Accounting and Reporting Services at a fraction of a cost on a shared service basis.

What is Accounting & Reporting Service?
These are your one-stop solutions to outsource your accounts and finance functions to a single person or partner. It enables seamless delivery of financial services that include bookkeeping, accounting, payroll management, payables management, receivables management, taxation, regulatory compliance management, secretarial services, financial advisory, outsourced budgeting, and MIS reporting.

Accounting & Reporting Services: Our Approach

Requirements Study and Scoping
Establishment of Process and Controls
Implementation of Best Practices
Working on Deliverables
Quality Control
Work Completion
Follow-Up

Our Accounting & Reporting Services
Our team consists of professionals who have decades of experience in providing various services to dozens of clients. Here are a few top Accounting & Reporting Services that we provide:

Accounting & Reporting Services
Accounting is a key and critical process for any business.
Accounting and Reporting Outsourcing, if done well, leads to a strong foundation for the business that can further its growth. However, sometimes, businesses find it difficult to give the same attention to the accounting function as the other core business functions. This is where you can hire accounting outsourcing service providers such as SAS to take care of the accounting services for your business.

What Is Outsourced Accounting & Reporting Service?

Outsourced accounting and reporting service means the provision of all the services handled by a full accounting department. The Accounting Outsourcing and financing, if done well, leads to a strong foundation for the business that can further the growth. services include dad-to-day entries, payroll management, accounts payable, accounts receivable, bank reconciliation, tax preparation and related services, financial reporting, and audits

Benefits Of Accounting Outsourcing

The main aim behind outsourcing any non-core business process is to reduce costs, achieve more efficiency, and save time. Businesses outsource accounting services for the same reasons. The key benefits that businesses achieve with accounts outsourcing are:

REDUCES LABOUR COSTS
With the outsourcing of business accounting services, firms are not required to hire accountants and relevant professionals for their in-house team. In this way, they save their hiring, recruiting, onboarding and training cost.
SAVES TIME
If a firm assigns accounting services to a non-professional person or one with no accounting skills, he or she takes more time in completing the tasks. If you assign the same job to accounting firms, it saves your time.
INCREASES EFFICIENCY
With outsourced accounting services, firms get ore time to focus on their key business operations as well as relevant business activities. This in turn, leads to more efficient operations, thereby contributing to higher productivity
IMPROVES PRODUCTIVITY
With the accounting function being handled by an expert accounting firm in Ghana, businesses get the time, energy and resources all dedicated to their core business activities. The benefit of these can be further transferred to customers, thereby leading to more sales and hence a competitive advantage over competitor firms.
REDUCES RISKS
Every business in the current times is riding on the waves of change. There are changes in economic factors, industry scenario, competitive setting, technologies, regulatory landscape and financial situation. The outsourcing partners of your accounting services take care of these risks while providing the services to you. They remain updated with the changes, incorporate them in their services and manage the implications for your business. Overall, they make your accounting better considering the changed scenario.
ASSURES BUSINESS CONTINUITY
If you have a dedicated accountant or accounting department in your firm and someone leaves suddenly, you are left with knowledge loss and your business operations are stalled. With outsourced accounting services, your business continuity remains intact.
ENSURES REAL TIME ACCESS
Your accounting always remains up-to-date and on time when outsourced to an accounting firm. This gives you 24*7 access to your data anywhere so that you can make informed decisions and take actions whenever required

Accounting & Reporting Outsourcing Services Package

Our range of accounting and reporting services includes:

BOOKKEEPING SERVICES
We have a team of accounting professionals who have the expertise to handle the day-to-day accounting tasks for your business. Our bookkeeping services include; Setting Up Accounts, Billing for Sales, Recording Receipts of Money from Customers, Making Entries for Bank Details, Making Payments to Suppliers, Recording Invoices from Suppliers, and Month-End and Year-End Closing of Accounts.
PAYROLL PROCESSING
We make sure that your employees are paid accurately every month-end at the right time. Our payroll processing services include administering pays and salaries, cheque processing and delivery, preparing payroll reports, managing the time sheets and attendance system, checking the applicable deductions, filing and preparing payroll tax returns, preparing annual payroll tax reports, assessing insurance benefits for employees, and ensuring payroll compliance.
ACCOUNTS PAYABLE
It is important to keep track of accounts payable since any issue in this may affect your relationships with suppliers. Therefore, we support our clients in various accounts payable services such as processing the purchase orders, matching them with invoices, and handling everything related to pricing information, debit memos, monthly accounts payable ledger, and disbursement.
ACCOUNTS RECEIVABLE
Customers are the most critical aspect of any business since they generate revenues and lead to profits for businesses. Our accounts receivable services include managing the sales orders, converting sales orders to invoices, matching invoices with the payments made by customers, verifying the invoice receipt, processing credit memos, monitoring the credits, monthly accounts receivable ledger reconciliation, and many others.
TAX PREPARATION AND FILING
We also have a separate tax team that is adept at handling all tax-related activities of businesses. We help your prepare your tax returns, file them, and also conduct tax planning meetings. We also conduct quarterly and annual tax planning meetings with the senior management of our clients to contribute to planning for the next year.
BANK RECONCILIATION
It is essential to have a clear view and knowledge of your business’s cash position because, based on that, you make key decisions. We carry out bank reconciliation to check if the balance as per books of accounts tallies with the balance as per the bank statement.
FINANCIAL REPORTING AND ANALYSIS
Our outsourced accounting services are just not limited to accounting activities; we also help you strategically. Specifically, we help you in the preparation of financial statements such as statement of financial position, statement of income, cash flow statements, bank reconciliation reports, and detailed reports on general ledgers. All these reports and an additional insightful analysis with it from our esteemed financial advisors enhance your decision-making that can take your business productivity a step higher.

Our Key Differentiators

We are a trustworthy business accounting services provider who becomes your internal accounting department while operating externally so that we can monitor and manage all your accounting activities and transactions that can lead to business results.
We make it easier for you to understand your numbers and draw insights because we believe in extending our outsourcing accounting services to include frequent consultations with your management on strategic and financial plans for the future, train your employees on a better understanding of numbers, and help you measure your goals.
Our in-house team of expert accountants and bookkeepers have deep knowledge of the accounting concepts and have experience in handling accounting of multiple industries, which they use to study your business, develop an accounting methodology, and integrate the processes and practices with your operations.
We bring you all the benefits of outsourced accounting services such as reduced costs, skilled expertise, higher efficiency, better management of finances, staffing flexibility, and seasonal requirements management.
We employ a customized, results-driven methodology for our outsourced accounting services to deliver flexible, up-to-date, accurate, and timely services that can create a positive impact on your cash flow and a rise in your productivity.
The combination of our technical competence, business domain knowledge, results-oriented methodology, and committed accountants and business advisors ensures accounting services beyond your expectations that can deliver the best results for you.
If you intend to shift from your existing accounting solution to our outsourced accounting services, we make your transition smoother with a dedicated manager to handle the transition, implementation of our services, end-user training, preparation of related documentation, and other support services.