Our expert bookkeepers meticulously record and classify daily financial transactions, ensuring your company's financial records are up-to-date and accurate. Additionally, we maintain and reconcile the general ledger to provide a comprehensive view of your financial health.
We manage your accounts payable, handling vendor invoices, payments, and ensuring timely and accurate disbursement. This not only keeps your financial obligations in check but also helps maintain strong vendor relationships.
Our team efficiently manages your accounts receivable, tracking outstanding invoices, collecting payments, and ensuring a healthy cash flow for your business. This service is instrumental in reducing outstanding receivables and improving liquidity.
Effective cash management is crucial for any business. We assist you in optimizing your cash flow, including short-term investments, working capital management, and monitoring cash positions, ultimately enhancing your financial stability.
We manage and maintain your fixed asset records, helping you accurately track assets, calculate depreciation, and ensure compliance with accounting standards. This ensures an accurate representation of your assets on the balance sheet.
We handle prepayment and accrual accounting, ensuring that your financial statements accurately reflect expenses incurred and revenue earned in a given period. This is essential for proper financial reporting and planning.
Accurate and timely payroll is crucial for employee satisfaction and legal compliance. Our payroll accounting service includes calculating wages, managing benefits, and ensuring tax compliance to keep your employees and the government happy.
Conducting a full-scope audit for Small and Medium-sized Enterprises (SMEs) involves a comprehensive examination of the financial statements, accounting records, and other relevant documents. Audit team at Bostrix can provide complete support for the full scope audit of an SME with minimal onshore involvement.
Audit planning is a critical phase in the audit process. During this stage, Bostrix team can help in planning the audit approach, objectives, and scope. We assess the client's business and industry, set audit goals, and outline the procedures necessary to achieve those goals.
Risk assessment is the process of identifying potential risks that may affect the accuracy and reliability of financial statements. Our highly qualified auditors will evaluate both internal and external risks, such as fraud, financial misstatements, and market conditions, to determine areas requiring special attention.
Control testing, often associated with Sarbanes-Oxley Act (SOX) compliance, involves the examination of internal controls within an organization. Our Bostrix team can help in assessing the design and effectiveness of these controls to ensure the accuracy and reliability of financial reporting.
Substantive audit procedures involve detailed examination of transactions, account balances, and supporting documentation. Bostrix will assist in various phases of substantive procedures such as sampling, testing, vouching and performing analytical procedures.
The finalization phase marks the conclusion of the audit. Bostrix team at this stage can help in the preparation of audit deliverables, such as the audit report and any additional documentation required by clients or regulatory bodies.
Our auditors are not only fully qualified but also hold Global certification, demonstrating their exceptional competence and expertise.
They are well-trained and possess the necessary competence to serve as auditors within your specific industry, ensuring that they understand the unique challenges and requirements of your field.
Our auditors are committed to upholding the highest ethical standards and strictly adhere to the Auditor’s Code of Conduct, guaranteeing an impartial and principled auditing process.
Throughout the auditing process, our auditors maintain open and consistent communication with you, ensuring that you are informed and engaged at every stage.
Our auditors are trusted professionals who treat all information and consultations with the utmost confidentiality, providing you with a secure and discreet audit experience.
