Accounting, Treasury, Audit and Tax

ACCOUNTING SERVICES:

Since inception CBS keeps the books of account for a growing number of companies and makes sure they are compliant with local laws. This includes:

  • the daily posting of incoming and outgoing invoices, the bank and petty cash as well as their reconciliations

  • the production of the monthly payroll and the associated statutory reporting

  • the calculation and filing of VAT and withholding VAT

  • the monthly / quarterly  filing of Installment and Withholding taxes

  • the monthly reporting of the financial accounts (Balance Sheet and Profit & Loss Statement, Aged Accounts Payable and Receivable reports)

  • annual preparation of the books of account for the audit​

TREASURY SERVICES:

For about all of our customers CBS is an agent to their bank accounts. That allows us to execute the following treasury services:

  • download of bank statements and update the bank ledgers

  • monitor the due dates of invoices to be paid and upload payments for approval by the customer

  • provide cashflow reports and forecasts

  • recommend to deposit excess cash or assist in obtaining financing to cover liquidity shortfalls.

  • assist in negotiating preferred exchange rates when converting foreign currencies.

CBS also gets involved in receivable collection services and can assist in receivable insurance 

AUDIT AND TAX:

For the audit and income tax filing we work with our associate partner – Wamira & Associates.

  • they audit the books and provide their Management Letter to enhance the administration of the operations and compliance of the company

  • they file the income tax returns and recommend ways to keep the company compliant and improve the tax strategy.