The growth and success of a business are driven by various factors including good marketing skills to get clients, quality service delivery to keep clients and prudent sound financial management practices.  Often most business owners that set up a business are not experts in finance and accounting, they have to hire an accountant to do the accounting task. However, hiring a fully qualified one may be expensive to some, hiring a bookkeeper or a bookkeeping firm for bookkeeping and accounting services can be an alternative where you get quality extra services.

In this article, we explore why you should outsource an external bookkeeping firm for accounting services. This will ensure there is a smooth flow of operation through cutting costs, increased productivity and efficiency.

Why you should have Anziano Consultants for Book Keeping Services

As a bookkeeping firm, there is a lot we offer. Before we explore more, here are some questions for you as a potential bookkeeping client. 

1. Are you facing challenges with Taxes? Does the deadline for filing Tax catch up with your business? and you get penalized for not filing taxes on time?
2. Is your business performing well but as the entrepreneur you cannot see where the profits are going? where the costs are eating up the profits?
3. Are you a tenderpreneur who missed the due date for the Tender Application because you missed some documents?
4. Is your business looking for financing but you don’t have financial statements records for review by lending institutions?  
5. At your business do you prepare a budget for operations? Or you are just caught up when you have deficits or when you realize you are overspending on unnecessary expenses?

 These are some of the challenges we have helped businesses who have engaged us for bookkeeping overcome.

Book Keeping Services Packages

We offer bookkeeping services to businesses from diverse industries. Our clientele includes clients in the Manufacturing Sector, Service Industry, Telecommunications, Agriculture, Hospitality etc.

Our Book-Keeping packages are modelled into 3 different categories;

1. Online Book Keeping Services

With online bookkeeping, we set up a system for a client where we can access and record transactions remotely.

We incorporate solutions like cloud computing software and the internet to get the accounting data. We recommend systems that are economical, user-friendly and secure. This is based on the nature of the client’s business and the number of transactions 

We train one of the employees on how to encode the data. The data is then sent to our team for the actual accounting. The data may be transferred via email or the system setup.

Online Bookkeeping is ideal for small businesses. Those that do not have many transactions that would require the bookkeeper to visit the client. In case of any queries, clarifications can be sought via email communications.

2. On-site Bookkeeping

The on-site bookkeeping model encompasses both online and a few site visits to the client. We set up a model where data is sent from a client’s office to our office for the actual accounting. We also do monthly site visits to the client to follow up on matters that need our attention.

Under this model, the visits can either be weekly, monthly or quarterly. This will depend on the engagement with the clients which is based on the volume of the transactions done.

3. In House

In house, bookkeeping model is where we have qualified personnel work from within a client’s premises.

Our bookkeeper will work either full working hours or hourly based at the client’s premises preparing the accounting records. With time, our chief consultant will visit the client to monitor the work being done by a placed in-house bookkeeper.

Why should you hire a bookkeeper for your accounting and Finance business?

There are many challenges that most MSMEs and SME businesses face, the common ones being finance and accounting.

The following are the reasons why you should hire a bookkeeper to handle your business accounts and finances:

1. Cost-effective

Hiring a fully qualified accountant is expensive, most businesses only hire entry-level accountants. Hiring a full-time qualified accountant also comes with other statutory costs. You have to pay their PAYE tax, NHIF, and NSSF. Some will negotiate for payment of subscriptions to professional bodies such as ICPAK.

On the other hand, if you hire a bookkeeper, you will only pay an agreed rate. Often for most of the work that a hired accountant could not even do, e.g. filing taxes.

The business will also not have the burden of paying Statutory deductions with a bookkeeper, you only deduct withholding tax.

2. You will have an Expert

Most of the Firms offering bookkeeping services like ours have a wide team of experts. Experts on various matters from Tax, Finance, Law and general business operations.

Therefore, with an outsourced bookkeeper, you have an expert at your disposal.

3. Efficiency

When you engage a bookkeeping firm to do your finance, you can focus on other areas of the business. Such as production, customer service, marketing etc. thereby improving the efficiency of your business.

With a bookkeeper, your finances and books are in good hands. You can focus on other important areas that bring more business deals, customers and Sales revenue to the business.

Bookkeeping and Accounting Services we offer to businesses

Anziano Consultants is a leading firm offering the best bookkeeping packages in Nairobi and its environs.

You can engage us for bookkeeping services, we deliver beyond our client’s expectations. A tip of the iceberg of Some of the Services you will get from us include:

Accounting Related

 Working on the basic entry documents for the accounting cycle.  

• Posting of Transactions
• Reconciliation of Accounts
• Management Reports
• Cost accounting

Payroll Management

We have payroll software that can help in managing an organization’s payroll and employee compensation.

• Payroll Processing
• PAYE Employment Tax Filing
• NHIF
• NSSF
• NITA

Taxation

We have a tax expert who will guide you to be in good records with the taxman. No more KRA penalties for non-compliance.

• Filing Withholding Tax
• Filing VAT Tax Returns
• Filing PAYE
• Tax Planning and Advisory
• Income Tax

Secretarial Services

From time to time businesses restructure. Where your business needs to be updated or amended on the company structure we will be at your service

• Registrar Annual Returns
• Company Registry Services

Management Advisory

As our clients expect to get the best advisory on strategic planning for your business growth.

• Strategic Management
• Compliance to Policies
• Update on the ever Changing Laws and Regulations 

The success of a business is often based on the financial records of the business. How well is the business performing in terms of making profits and giving returns on investment to the entrepreneurs?

For the business to succeed, it has to have good financial systems. Systems that control the expenses to allowable limits, apportionment of costs and control the revenues.

To achieve this, a business needs qualified personnel in finance. However, most businesses are not able to hire one due to the high cost of getting a qualified accountant.

A business can however hire a bookkeeping firm for accounting services at a relatively fair cost. The bookkeeping firm performs more functions that a hired personnel could not do, therefore business efficiency and eventually success.

At Anziano Consultants we offer bookkeeping and accounting services. Contact us to get a quotation for the service. 

 

Talk to us today. We are the experts when it comes to numbers, we will also advise on the strategies for your business growth.