Key Sectors
Once a detailed analysis and a needs assessment are carried out on behalf of the client’s business, 3a’s accounting unit will establish and propose a system to simplify and minimise the amount of bookkeeping work required. This is offered through the provision of easy-to-understand financial templates, statistics building and ongoing business solutions for daily transactions. The 3a accounting team will also represent the client in any type of audit.
3a personalised approach includes carrying out a number of services on our client’s behalf. Among such roles are the processing and recording of sales and purchases, invoices as well as the issuing of bank transactions and reconciliations. Additionally, we prepare annual or periodical accounts, and statutory financial statements that meet the required accounting framework, whether International Financial Reporting Standards or GAPSME.
Our financial control service includes regular visits to check up on postings and accounting data for accuracy and status, in addition to assisting clients in credit control and in the successful operation of their accounts department.
At 3a, we believe that timely and precise accounting data is key to the successful monitoring of one’s business performance. In view of this, part of our bookkeeping and accounting service entails extracting management reporting as well as performance indicators to benefit our clients through efficient business monitoring.
We also offer ongoing management accounting services which provides a timely source of data to enable a veritable assessment of a company’s past performance when it is required to make informed decisions and adopt the right management. This service aims to ‘fill the gap’ in between yearly regulatory financial statement reporting through providing additional report work required for immediate application, thus contributing to a company’s economic and overall success.
The purpose of management accounting reports is to serve, along with financial ratios and intra-company comparisons, as a periodically updated source of information readily available for consultation. This optimises decision-making, thereby allowing for a more accurate control. Such regular insights into the company’s operations also enable the management to take the necessary corrective measures; for instance, an indication of cost increases may enable a company to immediately address the issue by reducing costs.
Through the provision of key accounting ratios, business issues including company solvency and liquidity, profitability, asset returns, and the fulfilment of key goals may be assessed. Additionally, our periodic reports will feature intra-company comparisons to highlight the company’s trends and ratios over time as well as determine any need for corrective action.
Our accounting unit also offers additional business support services such as providing a full range of payroll, social security contribution and compliance services for individual, self-employed and corporate clients.