Accounting & Bookkeeping

Tailored accounting services

Our accounting and bookkeeping services provide accurate and timely financial information to small and medium businesses. We understand the importance of maintaining accurate financial records and provide customized bookkeeping solutions to suit your business needs.

Bookkeeping & financial recording

Bookkeeping and financial recording from source documents involve the process of recording financial transactions accurately and systematically. This includes recording all business transactions such as sales, purchases, expenses, and receipts in a journal or accounting software.

Bank reconciliations

This involves comparing a business’s financial records with its bank statement to ensure that all transactions have been accurately recorded and that there are no discrepancies with the bank statements. Any differences identified are investigated and resolved.

Debtor and creditor control

We help our clients with management of their accounts receivable and accounts payable. This includes tracking customer payments and following up on overdue accounts, as well as managing vendor invoices and payments, ensuring effective cashflow management.

Chart of financial accounts setup & maintenance

This involves the creation and maintenance of a system that categorises financial transactions into specific accounts. The chart of accounts provides a framework for bookkeeping and financial reporting and is used to prepare financial statements.

Management reporting & accounts

This involves the preparation of financial reports and statements that provide business owners and management with an overview of the company’s financial performance. This includes income statements, balance sheets, and cash flow statements.

General ledger reconciliations & maintenance

IMC is involved in the ongoing management and maintenance of a company’s general ledger. This includes ensuring that all financial transactions are recorded accurately, updating account balances, and resolving any discrepancies

Fixed asset register maintenance

This involves the management and maintenance of a register that records all of the company’s fixed assets. This includes tracking the purchase, disposal, and depreciation of assets, and ensuring that asset information is accurate and up-to-date.

Cash flow management

We help our clients manage their cash inflows and outflows. This includes tracking revenue and expenses, managing accounts receivable and payable, and maintaining appropriate cash reserves. This helps ensure that the company has enough cash to meet its financial obligations and make informed financial decisions.