CT Consultancy services are :
• Accounting System design and Set up
If you are a new company or want to start maintaining books of accounts, our accounting team can set up your software and chart of accounts
• Accounting Backlog
If you have accounting backlog for few months or even few years we can take up the entire work to complete the books of accounts and generate the financial statements and all kind of internal management reports.
• Book keeping/accounting
We can enter your everyday transactions using double entries method, daily, weekly, monthly…
• Month end financials
Most companies in UAE require a monthly financial report with Monthly Profit & Loss and Updated Balance sheet.
• Accounts payable / receivable
We can take care of paying your bills and request payments from your clients sending them Statement of accounts and follow up their payments.
• Preparing Budget and Projections (Forecast)
In coordination with your sales team, purchase team and your management forecast, we can prepare your budget, compare it every month with the actual figures, and prepare a reforecast every quarter/semester…
• Cash Flow Analysis
Every month we will edit your cash flow analysis, with the projection for next 3 months (Short Term cash Flow). Using your budget, we can also prepare a annual cash flow forecast (Long Term cash Flow) which will help you to know when your business will encounter difficulties or not….
• Payroll, company policies and procedures, etc. We can edit pay slips for your employees, prepare the monthly WPS, create company policies and rules according to your company identity.
• Developing accounting policies & procedures
In order to comply with IFRS, your company needs to follow a number of accounting rules and procedures, we will make sure that this is applied in your organization. We will help you to implement Documents such as for example: Purchase order approval, Payment approval, Business trip expenses approval, etc.
• Operating Procedures, process improvement. It’s important for every company to comply to a certain ethic, in order to get certifications (for example ISO, etc.). We will help you to implement Operating rules to increase your productivity and efficacy.
• Audit Preparation
We will prepare all the documents and information needed by your auditors before and during the audit.
• Business plans preparation, project report & Feasibility Studies
Studies include: - Diagnostic studies including SWOT analysis
- Industry assessment
- Market analysis
- Competitive scenario analysis
- Financial feasibility studies and projections
• Inventory management
Stock is one of your most valuable asset, it’s very important to monitor it seriously, and we will make sure it is maintained in a proper way by doing regular stock check.
• Cost control analysis
Creating a cost chart in order to evaluate your cost by work or project, can help you to establish your price and reduce your expenses. We ensure that the financial statements are complying with International Financial Reporting Standards (IFRS), and we are committed to deliver these services with the highest level of professional integrity. CT Consultancy has a mission to add volume to your business. We distinguish ourselves from others by offering an “a la carte Finance manager”, a secure and flexible Accounting services that gives you an accurate overview of all financial transactions while simultaneously giving you the freedom to focus on your business and its development. We hope to become a valuable part of your team, providing constructive and practical input. We aim to provide internal audit and risk management services of the highest quality irrespective of the nature of your organization.
