This service includes full accounting, taxes, payroll and month closing services.
During the month-end closing process, we get access to cost projections which enables us to get a report of profits and losses (P&L). Along with the report, we also get a structure of costs that make up the report expenses.
For whom is it tailored?
It is tailored for the companies that are in an early growth phase and where the business is not too complex and diversified. For the decision-makers who want to know the monthly result of a company and basic cost structure.
What problems are addressed?
The problems that this package is solving is disorganized accounting, incorrect basic information. Also the lack of information about results and cost structure.
What is the result?
We provide precise and organized accounting, tax and payroll and rough monthly image of the company’s profitability with costs associated. Without controlling it is impossible to provide highly accurate reports, but for businesses that are not so complicated, this solution could deliver a very good picture of performance. Additionally, this package provides a set of informative accurate reports about accounts receivable and payable and unpaid invoices.
What does this package entail?
1.
Accounts receivable and payable reconciliation
Advance payments closing
7.
Monthly P&L report (profit and loss)
Monthly monitoring and structuring of bookkeeping expenses
Linear cost projections
6.
Preparation of documentation and communication with the audit
Communication and cooperation with the tax administration
5.
Check up of all inflows and outflows related to loads and leases
Contract profits and repayment plans
Posting of the principal, interests and settling with a bank or leasing company
4.
Asset registry and general ledger reconciliation
Calculation of tax and accounting depreciation
3.
Setting up employee timetables
Calculation of regular wages, sick leaves, maternity leaves
Calculation of annual leaves and other contingency payments
2.
Income tax
VAT
Property tax
Withholding taxes
Planning, analysis and controlling
Aside from the service from the first package, this package includes a complete service of controlling, planning, analyzing and reporting.
We thoroughly analyze the company processes and then build a controlling system which results in quality information and detailed reports, and allows us to develop a plan and analyze all deviations and anomalies.
For whom is it tailored?
It is tailored for the companies that need highly precise and detailed reports, analysis and planning.
What problems are addressed?
This package solves the problem of the unclear image of business performance and loss of control. Also, this package is addressing the risk of fraud and it is directing resources and focus through planning.
What is the result?
The result is an efficient structure that provides comprehensive control, cost control and optimization, and detailed reports. The more efficient resource utilization, faster problem identification and solving and faster growth.
What does this package entail?
1.
Control of the correctness and the completeness of documentation
Control of invoices that are included in tax returns
7.
Cost analysis (fixed and variable) and break even point
Analysis of plan deviations
Analysis of all deviations and anomalies
6.
Sales, production, purchase and personnel planing
Profit & loss planning
Detail planning of expenditures
Cash flow planning
5.
Business elimination and consolidation
Calculation of the actual cost price
Expense demarcation to appropriate periods
4.
Input and control of repayment plans
Control of the principal and interests
Control of loans and debts
Distribution by cost centers
3.
Control of contracts, price lists, and invoiced services
Transferred costs
Revenue period allocations
Cash discount
Blocked clients (blacklist)
2.
Making of codebooks
Defining dimensions
Mapping of dimensions
System structuration
Control of invoice allocation and information
Chief Financial Officer
This package is all-inclusive and involves financial chief services.
We offer work capital and cash flow analysis services, financial modeling and communications with creditors that is related to business financing and risk management models.
For whom is it tailored?
The package is tailored for companies that have already significantly grown and require financial expertise and want a complete finance department but don’t have the need or resources for internal chief financial officer and whole finance department team.
What problems are addressed?
Besides everything mentioned in previous packages, this package solves the problems with working capital management, cash flow, cash collection and financial modelling.
What is the result?
Organization of finance department and necessary financial expertise in resource allocation, the effects on working capital, investment analysis and financial modelling that has a long term impact.
What does this package entail?
1.
Optimization of net current assets
Managing net current assets through best practice strategies in line with the goals of the company
Planning of current assets through a detailed CF plan
7.
Based on the overall picture of the company’s performance, we give suggestions for improvements and more efficient management.
6.
Detailed investment analysis with cash flow discounting, net present value conversion, internal rate of return, etc.
Scenario analysis, assessment of potential cash flow cannibalizations
5.
Defining assumptions and main input parameters for projections
Consideration of investment risks
Investment analysis by relevant parameters (net present value, internal rate of return, discounted period of return)
Analysis of the impact of the investment on the existing business
4.
Customer segmentation by category
Monitoring the arrivals of receivables, sending kind reminders, customer invitation and submitting all of necessary documentation and invoices if needed
Monitoring of all important ratio indicators
3.
Preparation of credit files, all necessary explanations, projections, business plans and presentations for creditors.
2.
Modeling of the structure of company financing, impacts of interest rates on profitability, level of indebtedness and all other relevant indicators.
Bright Finance Hub provides the complete finance outsourcing service.
We are not consultants which advise you what to do and how to build a structure. Instead, we work and build a structure as if we were an internal resource.