Accounting Services

Expert financial management to keep your business compliant and financially healthy.

At Afribiz Consultancy, we understand that robust financial management is crucial for the success of any business. Our Accounting Services are designed to help you maintain accurate financial records, ensure compliance with regulatory requirements, and provide insightful financial analysis that supports informed decision-making. Whether you're a startup, an established business, or an individual, our expert accountants are here to help you streamline your financial operations and maintain the financial health of your organization.

Our Accounting Services Include:

1). Bookkeeping Services:

Record Keeping: We manage the day-to-day financial transactions of your business, including sales, purchases, receipts, and payments, ensuring all records are accurate and up-to-date.
Ledger Maintenance: We maintain a comprehensive general ledger that helps track all financial transactions and ensures your books are ready for review and tax reporting.

2). Financial Statement Preparation:

Income Statement (Profit & Loss): We prepare detailed income statements that outline your revenue, expenses, and profits, giving you a clear picture of your business performance.
Balance Sheet: Our team prepares accurate balance sheets that summarize your company's assets, liabilities, and equity, offering a snapshot of your financial position at any given time.
Cash Flow Statement: We provide cash flow statements that track the movement of cash in and out of your business, helping you manage liquidity and plan for financial needs.

3). Tax Accounting and Compliance:

Tax Planning and Advisory: We help you plan your taxes in advance, providing expert advice on tax-saving strategies and ensuring that your business complies with Kenyan tax laws and international tax standards.
Tax Returns Filing: Our accountants prepare and file your tax returns in compliance with KRA (Kenya Revenue Authority) regulations, including VAT, PAYE, corporate tax, and individual tax returns.
Tax Audits & Investigations: We assist businesses with tax audits and investigations, helping you respond to any queries from the tax authorities and ensuring your financial records are fully compliant.

4). Payroll Management:

Payroll Processing: We handle payroll processing, ensuring timely and accurate payments to employees while adhering to tax and legal requirements. This includes computing salaries, bonuses, and other employee benefits.
PAYE Filing: We ensure that all Pay-As-You-Earn (PAYE) deductions are correctly calculated and remitted to the relevant tax authorities.
Employee Statutory Deductions: We manage statutory deductions like NSSF, NHIF, and other benefits, ensuring compliance with Kenyan labor laws.

5). Financial Analysis & Reporting:

Budgeting and Forecasting: We help you create detailed financial budgets and forecasts to plan for future growth, ensuring you allocate resources effectively.
Management Reporting: We prepare financial reports that provide in-depth analysis of your company's financial health, offering key performance indicators (KPIs) and recommendations for improving business operations and profitability.
Cost Analysis: Our team helps you track and manage your costs effectively, providing insights into areas where you can reduce expenses and improve profitability.

6). Audit & Assurance Services:

Internal Audits: We conduct internal audits to assess your business's internal controls, processes, and compliance with financial regulations. Our goal is to ensure that your financial operations are efficient and secure.
External Audits: We assist businesses with statutory external audits, ensuring that your financial statements are accurate and comply with accounting standards such as IFRS (International Financial Reporting Standards).
Risk Assessment: We evaluate potential financial risks and offer strategies to mitigate them, helping you safeguard your business against financial loss and regulatory penalties.

7). Financial Consulting and Advisory:

Business Valuation: We provide business valuation services to help you understand the worth of your business, whether for sale, acquisition, mergers, or other financial decisions.
Financial Restructuring: If your business is facing financial challenges, we offer financial restructuring services to help improve your financial position, streamline operations, and reduce debt.
Investment Advisory: Our accountants provide advice on investment opportunities, helping you make informed decisions that align with your financial goals.

8). QuickBooks and Software Integration:

Software Solutions: We offer integration of accounting software such as QuickBooks, Xero, and Sage into your business operations, ensuring seamless tracking of your finances and real-time reporting.
Training & Support: We provide training and ongoing support to help your staff make the most of accounting software, ensuring efficient financial management.

9). Financial Due Diligence:

Business Transactions: We assist with financial due diligence for mergers, acquisitions, and other business transactions, ensuring that all financial risks are assessed and the business is in good standing.
Investment Decisions: For investors looking to acquire businesses, we offer due diligence services that assess the financial health and viability of potential investment targets.

Why Choose Afribiz Consultancy for Your Accounting Needs?

Expertise and Experience

Our team of qualified accountants brings years of experience in accounting, taxation, and financial management. We are knowledgeable about both Kenyan financial regulations and international standards, ensuring that your business stays compliant and efficient.

Tailored Solutions

We understand that every business is unique. Our accounting services are customized to meet your specific needs, whether you're a small business, a large corporation, or an individual. We provide flexible and scalable solutions to suit businesses at any stage of growth.

Cost-Effective

Our accounting services help you manage your finances efficiently, identify cost-saving opportunities, and avoid financial pitfalls. By outsourcing your accounting needs, you can reduce overhead costs and focus on core business operations.

Timely and Accurate Financial Information

We prioritize accuracy and timeliness in all our accounting services. With Afribiz Consultancy, you can be assured that your financial records, reports, and tax filings are completed on time and with the utmost precision.

Compliance with Local and International Standards

We ensure that your business complies with all applicable tax and financial regulations in Kenya. Our services are aligned with International Financial Reporting Standards (IFRS) and local accounting standards, so you can trust that your finances are in good hands.

Confidentiality and Integrity

We maintain the highest standards of confidentiality and integrity in handling your financial data. Your trust is paramount to us, and we take all necessary measures to protect your sensitive information.

Get Started with Accounting Services Today!

Whether you're looking for routine bookkeeping or comprehensive financial management, Afribiz Consultancy is here to provide the accounting expertise you need to drive your business forward. Let us help you manage your financial operations with confidence and efficiency.

Contact us today to learn more about how our accounting services can benefit your business and set you up for financial success.