ACCOUNTING & BOOKKEEPING
Turn financial recordsinto business clarity.
Accurate and timely financial records are essential for businesses to maintain compliance, make informed decisions and grow sustainably. M. Sochan & Co. Chartered Accountants provides comprehensive Accounting & Bookkeeping services to help businesses navigate the complexities of financial management.
Our team delivers efficient, reliable and customized solutions that cater to the unique needs of your organization.
FINANCIAL ORDER
Good decisions startwith organized information.
Records only become useful once they are complete, current and in order. Our work covers the day-to-day accounting that gets them there — transactions recorded, ledgers maintained, payables and receivables tracked, and balances reconciled.
From those records we prepare periodic financial reports, so what you see reflects the actual position of the business rather than a rough estimate.
We serve businesses of all sizes, and every engagement is shaped around how your organization actually operates.
See what we handleWHAT WE HANDLE
Five services,one set of books.
These are the Accounting & Bookkeeping services published by M. Sochan & Co. Select one to see how it fits into your records.
01
General Accounting
We manage all aspects of your day-to-day accounting needs, including recording transactions, maintaining general ledgers, and preparing financial statements.
- Recording transactions
- Maintaining general ledgers
- Preparing financial statements
02
Accounts Payable & Receivable
We handle your accounts payable and receivable processes, ensuring timely and accurate invoicing, payment processing, and cash flow management.
- Timely, accurate invoicing
- Payment processing
- Cash flow management
03
Bank Reconciliations
We perform regular bank reconciliations to identify discrepancies, prevent fraud, and ensure that your financial records accurately reflect your cash position.
- Regular reconciliations
- Discrepancies identified
- Records reflect your cash position
04
Financial Reporting
We prepare periodic financial reports, including profit and loss statements, balance sheets, and cash flow statements, providing you with valuable insights into your business financial health.
- Profit and loss statements
- Balance sheets
- Cash flow statements
05
Payroll Management
We manage all aspects of your payroll, from processing to compliance, ensuring that your employees are paid accurately and on time.
- Payroll processing
- Payroll compliance
- Employees paid accurately and on time
01General Accounting
We manage all aspects of your day-to-day accounting needs, including recording transactions, maintaining general ledgers, and preparing financial statements.
- Recording transactions
- Maintaining general ledgers
- Preparing financial statements
02Accounts Payable & Receivable
We handle your accounts payable and receivable processes, ensuring timely and accurate invoicing, payment processing, and cash flow management.
- Timely, accurate invoicing
- Payment processing
- Cash flow management
03Bank Reconciliations
We perform regular bank reconciliations to identify discrepancies, prevent fraud, and ensure that your financial records accurately reflect your cash position.
- Regular reconciliations
- Discrepancies identified
- Records reflect your cash position
04Financial Reporting
We prepare periodic financial reports, including profit and loss statements, balance sheets, and cash flow statements, providing you with valuable insights into your business financial health.
- Profit and loss statements
- Balance sheets
- Cash flow statements
05Payroll Management
We manage all aspects of your payroll, from processing to compliance, ensuring that your employees are paid accurately and on time.
- Payroll processing
- Payroll compliance
- Employees paid accurately and on time
FROM RECORDS TO REPORTING
Structure createsvisibility.
Source records are organized, reviewed and reconciled, maintained as accounting records, and prepared into periodic financial reports — so the numbers you rely on are accurate, timely and current.
- 01
Source records
Transactions, invoices and bank activity arrive as they occur.
- 02
Organization
Transactions are recorded and general ledgers maintained.
- 03
Review & reconciliation
Regular bank reconciliations identify discrepancies and confirm your cash position.
- 04
Accounting records
Complete, compliant and up-to-date books.
- 05
Reporting
Periodic financial reports prepared from those records.
OUR APPROACH
Personalized accountingand bookkeeping solutions.
Our approach is centred on delivering personalized, accurate and efficient solutions tailored to the specific needs of your business, keeping your financial records well maintained, up to date and compliant with local regulations.
- 01
Understanding your business
We begin by gaining a thorough understanding of your business, its industry, and the unique challenges it faces. That understanding lets us tailor our accounting and bookkeeping services to your specific needs and objectives.
- 02
Customized solutions
Every business is different. We work closely with you to develop and implement accounting processes and systems that align with your goals and operations.
- 03
Technology integration
We use advanced technology and software to streamline and automate your accounting processes. Cloud-based solutions give you real-time access to your financial data, improving efficiency and supporting better-informed decisions.
- 04
Proactive support & advice
Our team provides proactive support and advice throughout the engagement, and is available to address your questions and offer guidance on accounting best practices and financial management.
- 05
Compliance & regulatory expertise
Our in-depth knowledge of local regulations and accounting standards keeps your financial records compliant and up to date. We stay abreast of regulatory changes and industry developments as the financial landscape evolves.
WHAT YOU RECEIVE
Periodic reports,prepared from your books.
Financial Reporting produces periodic reports that give you insight into the financial health of the business. General Accounting also covers the preparation of financial statements alongside maintained general ledgers.
Reporting frequency and scope are agreed with you — no fixed plan is published.
- 01
Profit and loss statements
- 02
Balance sheets
- 03
Cash flow statements
- 04
General ledgers
- 05
Financial statements
WHY M. SOCHAN & CO.
Financial informationshould work for the business.
With a comprehensive approach, we make sure your accounting and bookkeeping processes not only meet regulatory standards but also empower your business with accurate, timely and actionable financial information.
Dedicated professionals. A team committed to efficient, reliable and customized solutions.
Regulatory knowledge. In-depth understanding of local regulations and accounting standards.
Proactive contact. Available for your questions and guidance on financial management.
COMMON QUESTIONS
Accounting & Bookkeeping, answered from the published details.
What bookkeeping and accounting services do you offer?
We provide end-to-end accounting solutions including general ledger maintenance, accounts payable and receivable, payroll, and financial reporting for businesses of all sizes. The published services are General Accounting, Accounts Payable & Receivable, Bank Reconciliations, Financial Reporting and Payroll Management.
What does General Accounting cover?
We manage all aspects of your day-to-day accounting needs, including recording transactions, maintaining general ledgers, and preparing financial statements.
Which financial reports do you prepare?
We prepare periodic financial reports, including profit and loss statements, balance sheets, and cash flow statements, providing you with insights into your business financial health.
Why are bank reconciliations performed?
We perform regular bank reconciliations to identify discrepancies, prevent fraud, and ensure that your financial records accurately reflect your cash position.
Do you handle payroll?
Yes. We manage all aspects of your payroll, from processing to compliance, ensuring that your employees are paid accurately and on time.
Do you work with accounting software?
We harness advanced technology and software to streamline and automate your accounting processes. Cloud-based solutions provide real-time access to your financial data.
How much does it cost?
Fees for Accounting & Bookkeeping are not published, because the work is tailored to each business. Get in touch and we will confirm scope and fees with you directly.
ACCOUNTING & BOOKKEEPING
Bring clarity toyour financial records.
Talk to M. Sochan & Co. about general accounting, payables and receivables, bank reconciliations, financial reporting and payroll management for your business.