Details of some of the services provided by IHQ Consulting:

Here is a list of common bookkeeping tasks that we can perform, however, it is not limited to it, as we can offer customized options to you as well:

1. Recording financial transactions: This involves recording all transactions, such as sales, purchases, receipts, and payments, accurately and timely. It also involves reviewing invoices to see if it fulfills statutory requirements.
2. Accounts payable and accounts receivable: This involves recording and managing the amounts that the company owes to vendors and the amounts that customers owe to the company.  Reconciliations can also be prepared.
3. Bank reconciliations: This involves reconciling bank statements to the company’s records to ensure that all transactions are accounted for and accurate.
4. Financial reporting: This involves creating financial statements such as balance sheets, income statements, and cash flow statements.
5. Payroll management: This involves managing employee payroll, including calculating and submitting taxes, processing paychecks, and keeping accurate payroll records.
6. VAT, Income Tax, Withholding Tax, Zakat returns preparation: This involves preparing tax returns for the company.
7. Back office support during internal, external or tax audit.
8. Budgeting and forecasting: This involve creating budgets and forecasts to help the company plan for future growth and make informed financial decisions.
9. Business plan and Financial Feasibilities:  This involves understanding new business opportunities and listing down all the important areas.  It also involves creating financial feasibilities to understand if the business is viable or not.
10. Cash flow forecasting:  In times of growing business problems, cash flow management becomes really important. We can create cash flows for management to better control and utilize company’s cash.

1. In addition to these services, we can offer the following:

• Posting and processing of expense claims.
• Preparing and posting of Journal Entries (JEs.) / Adjustment entries / Accruals others.
• Balance sheet reconciliations and variance analysis
• Monthly P&L review & quarterly BS review.
• Customer support: We can provide customer support services, including answering queries, providing information, and handling complaints.
• Order processing: We can manage the order processing for your business, including tracking orders, managing inventory, and ensuring timely delivery.
• Accounts payable and accounts receivable management: We can manage your company’s accounts payable and accounts receivable, including issuing and tracking invoices, managing payments, and reconciling accounts.
• Inventory management: We can help manage your company’s inventory, including tracking stock levels, managing orders, and optimizing inventory levels to reduce costs and improve efficiency.
• HR and payroll: We can manage your company’s human resources and payroll functions, including managing employee records, processing payroll, and ensuring compliance with labor laws.

Please let us know if you require any additional services, and we will be happy to accommodate your needs.

Fee levels for services from line items 1 to 7

Transaction definition: Number of purchase & sales invoices and adjustment entries (which are not due to back office issues).  The nature of transactions will not be complex.

Fees for services from item 8 to 11 shall be agreed as and when work is assigned depending on the details and complexity of the work. 

Fee quoted above is exclusive of any withholding tax, VAT and any other taxes.Top of Form