Outsourced Accounting Solutions
We offer a comprehensive range of accounting and bookkeeping services designed to help business owners focus on what matters most – their customers. Our expertise allows you to free up your time and energy to concentrate on growing your business, while we take care of the behind-the-scenes tasks.
We understand that every business is unique, which is why we’re flexible and adaptable to your specific needs. You can choose from a range of options, including:
Whether you’re looking to manage risk, overcome capacity constraints, or simply want to streamline your operations, we’re here to help. Our expert team will work closely with you to understand your goals and develop a customized solution that meets your needs.
Our outsourced accounting services includes:
Bookkeeping services/ back office accounting support
Our bookkeeping services ensure that your financial records are always up-to-date, timely and compliant.
Is your business struggling to maintain accurate financial statements due to limited resources, lack of expertise, or insufficient time? It's essential to have up-to-date financial records to make informed business decisions and stay ahead of the competition. However, outsourcing your accounting tasks can be a game-changer for your organization.
By partnering with MGK, you can:
- Save costs: Avoid the expense of hiring and training an in-house accounting team.
- Gain efficiencies: Let us handle routine accounting tasks, freeing up your time for high-level strategy and growth.
- Receive expert advice: Our experienced accountants will provide guidance on financial planning, budgeting and compliance.
We leverage the latest technology to streamline our accounting services, ensuring accuracy and efficiency. Our team will work closely with you to understand your business needs and goals, providing personalized support to help you succeed.
Don't let financial management hold your business back. Contact us today to learn how our outsourced accounting services can help you achieve your goals.
Bank reconciliations services
To learn more about how we can streamline your
bank reconciliation process, please don't hesitate
to contact us.
Is your accounting team/ function struggling to complete bank reconciliations on a timely basis, overwhelmed by a multitude of transactions on your bank statement?
In other instances, you may want an independent third eye to have a look at your bank reconciliations either due to issues noted or for confirmation purposes. We take this burden off your hands.
By outsourcing bank reconciliations to us, you'll enjoy:
- Accurate and reliable financial statements, giving you peace of mind and confidence in your business's financial health.
- Enhanced fraud detection and prevention, ensuring your financial integrity is protected.
- Operational efficiencies, freeing up more time for you to focus on strategic growth initiatives.
To learn more about how MGK can streamline your bank reconciliation process, please don't hesitate to contact us.
Invoicing outsourcing and receivables management services
Are your invoicing and accounts receivable processes efficient enough to ensure timely payment? Do you struggle to accurately track and reconcile incoming cash flow? Our accounts receivables outsourcing services are designed to streamline these critical business functions, empowering you to efficiently manage your payments and cash flow with ease. It entails the following:
- Raising sales invoices with the applicable fiscalised receipts
- Dispatch of invoices to customers
- Following up for payments
- Updating of customer payments
- Sending of receipts as well as customer statements.
- Handling disputes and reconciliations with the customers.
Payables and expenses management
Are you seeking ways to streamline accounts payable, expenses and enhance cash flow management without incurring capital expenditures in hardware and related software’s while maintaining control over the entire process? Our accounts payable services can help you achieve this goal.
Our expert team develops and maintains strong relationships with your vendors, ensuring regulatory compliance and reducing accounts payable processing costs .We also provide detailed expense analysis data to support informed decision-making.
By outsourcing to us, you'll enjoy automated document and transaction management, eliminating duplication and streamlining disbursement processes. Our services transform the payment process, freeing up your time and resources to focus on more strategic activities. The process entails the following;
- Matching the invoices with purchase orders
- Seeking approval for your payments
- Recalculating the net payable of taxes where applicable
- Uploading of the payments
- Processing of the payments
- Statement of account reconciliations
Accounts reconstruction services
We help organizations reconstruct accounts from incomplete records to help them in compliance aspects, resolving cases of fraud, irregularities in accounts and more.
Our team of experts will take a thorough and objective approach to reconstruct the accounts by providing you with:
- Accounts reconstruction services from the available records
- Third party confirmation and clarifications
Fund Management Services
Effective, efficient and timely fund management is a critical element in the success of donor funded projects and other stakeholder’s programs.
We work with Donors and Funders, Research and Development Organisations, Corporate entities, implementing partners and other stakeholders to contribute to the success of projects and programs by:
We work with Donors and Funders, Research and Development Organisations, Corporate entities, implementing partners and other stakeholders to contribute to the success of projects and programs by:
- Handling projects and related funds through our client bank accounts in compliance with local laws and regulations.
- Reviewing funding requests in line with agreed upon terms and conditions.
- Reviewing funding requests supporting documents.
- Disbursing funds to implementing partners, direct recipients and suppliers and service providers in line with agreed upon parameters.
- Payment of related taxes deducted from source where applicable.
- Preparing the related financial reports in line with agreed timelines.
- Consolidating and organizing the supporting documents either in hard copies, soft copies or both depending on your needs.
Budgeting and forecasting services
Are you struggling to create effective budgets and cash flow projections? These financial tools are crucial for any business looking to achieve its short-term and long-term goals, enabling informed decision-making and strategic planning.
We understand the importance of accurate
budgeting and cash flow projections. Our team
will work closely with you to gain a deep
understanding of your business, identify trends,
and help you prepare comprehensive budgets and
cash flow projections.
With our expertise, you'll be able to:
- Set realistic financial goals and targets
- Make data-driven decisions with confidence
- Identify potential cash flow gaps and opportunities
- Develop a roadmap for future growth and scalability
By partnering with us, you'll gain a clear understanding of your financial future, empowering you to make informed decisions and drive your business forward. Contact us today to learn more about how we can support you in preparing your budgets and cash flow projections.
Preparation of financial statements in line with applicable standards
We provide expert support in preparing financial statements that meet the set financial reporting standards. Our team of professionals will work closely with you to understand your unique needs and prepare your financial statements in line with applicable standards, and presented in a clear and concise manner.
Whether you're looking to:
- Prepare financial statements for regulatory purposes
- Ensure compliance with international accounting standards (IAS/IFRS, GAAPs, Internal and group policies )
- Meet the requirements of your stakeholders
- Gain a deeper understanding of your financial performance
Management reporting service
Unlock the power of data-driven decision
making with our comprehensive management reporting services. We help businesses like yours
gain a deeper understanding of their financial
performance by providing expert preparation and
analysis of financial reports, key performance
indicators (KPIs), budgets, and forecasts.
Our management reporting services are designed to promote growth and success by:
- Providing clear and actionable insights into your business's financial performance
- Identifying areas for improvement and opportunities for growth
- Enhancing decision-making with data-driven intelligence
- Enhancing accountability and transparency within your organization
With our expertise, you'll be able to:
- Monitor and track your business's progress towards goals and objectives
- Make informed decisions with confidence
- Identify trends and patterns that drive business outcomes
- Optimize operations and resource allocation
Contact us today to learn more about our management reporting services and discover how we can help you:
- Streamline your financial reporting processes
- Improve your financial literacy and decision-making capabilities
- Drive business growth and success
Let us help you unlock the full potential of your business. Contact us today to schedule a consultation and take the first step towards a more informed, data-driven approach to management.
Set up of accounting function
With time, we have noted that many the success of Organizations’ finance functions depends on the how the function is set, mapped, resourced and operationalized for it to realize the intended goals and objectives as well contribute to the Organisation overall goals.
We support Organisations by working with you to set up your initial accounts function or review an existing one depending on your specific needs. Our findings offer recommendations on areas of improvement, capacity building among others.
On job training of accounts personnel
Our ready teams have practical hands on experience in matters accounting and are available to capacity build finance teams in matters book-keeping, accounting processes, controls and reporting.