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Setting Up Over-all Accounting System
Accounting system is a set of manual and computerized procedures and controls provided for identifying relevant transactions or events; preparing accurate source documents, entering data into
the accounting records accurately, processing transactions accurately, updating master files properly, and generating accurate
documents and reports. It consists of methods and devices used by a business or company to keep track of its financial
activities and to summarize these activities in a manner useful to decision makers.
In every accounting system, whether simple or sophisticated, the data concerning each day’s financial activities
must be recorded, classified and summarized.
Panwa Group provides assistance in setting up over all accounting system in your
company or business whether it is manual or computerized set up. Our team has expertise specifically
in such areas of concern as:
- Overall responsibility on the accounting system
- Management of the computer system (if it is computer-based)
- Accounts receivable
- Accounts payable
- Fixed Assets
- Payroll
- Inventory Control
- Monthly Reporting
- Quarterly Reporting
- Annual Reporting
- Cost Accounting
If you have any queries on how we can help you regarding your accounting system, please feel free to contact us.