Services Offered
Development of Costing Systems (including standard costing) and preparation of budgets
Work with Procurement department to establish purchased costs and material burden to determine material landed costs of inventory items;
Determine labour rates and labour burden;
Determine fixed and variable overhead rates by department or overhead rates by activity;
Prepare BoMs and routings;
Establish standard costs of items manufactured;
Prepare operating budgets and budgeted financial statements;
Prepare capital budgets;
Calculate plant capacity, incorporating efficiency and utilization of W/C.
Financial Statements preparation and analysis, development of financial reporting templates, and preparation of Management Reports
Prepare and analyze financial statements;
Compare actual performances with forecasts/budget and analyze variances;
Prepare financial reporting packages, which may include actual results, financial forecasts, budgets, fixed assets continuity schedules, cash flows and inter-company balances, depending on clients’ requirements;
Prepare management reports, which include KPIs and KRIs, Quality Cost Reports; Capital Expenditure Reports, Production Reports, etc.
Integration of Financial, AP, AR and Cost Accounting Modules in Accounting/ERP systems
Setup new inventory items;
Select costing methods for items;
Update chart of accounts;
Setup category codes;
Setup account set codes;
Setup distribution codes;
Setup UoM;
Setup prices;
Link codes to the general ledger
Materials Management
Development of ratios to aid in the inventory management process;
Organize physical inventory;
Reconcile physical inventory count to the system balances and investigate discrepancies;
Upload inventory count to ERP system.
Temporary/Part-time Controller/Director of Finance
Prepare and analyzed Financial Statements;
Prepare consolidated Financial Statements;
Maintain fixed assets register and calculate depreciation;
Prepare audit binders and liaise with auditors during the audit process;
Prepare Monthly Flash Reports;
Prepare financial reporting package, which includes actual results, financial forecasts, budgets, fixed assets continuity schedule, cash flow and inter-company balances, depending on requirements;
Prepare cash forecasts;
Prepare management reports;
Prepare monthly operating forecasts;
Calculate plant capacity;
Prepare annual budgets;
Establish and maintain new standard costs;
Prepare and analyze bills of material;
Analyze variances and scrap;
Prepare product profitability analysis;
Analyze variances between actual, forecast and budget;
Maintain Prices;
Reconcile General Ledger accounts (including inter-company and bank reconciliations);
Prepare complex journal entries;
Reconcile inventory (GL to perpetual);
Setup new customers and new products in ERP system;
Submit Government reports.
Preparation of Business Plans
Provide overview of the business;
Provide financial data;
Provide financial proposal.
