FAQs: Business Accounting Services

1. What business accounting services do you offer?

We provide a full range of accounting solutions, including:

• Bookkeeping (daily records of financial transactions)
• Financial statement preparation (profit/loss, balance sheet, cash flow)
• Bank reconciliations
• Accounts payable and receivable management
• Payroll processing and tax deductions
• Budgeting and forecasting
• Tax compliance and filing
• Audit support and reporting

2. Why is accounting important for my small business?

Accounting ensures that your financial records are accurate and up to date, helping you:

• Monitor cash flow and profitability
• Make informed business decisions
• Stay compliant with Ghana Revenue Authority (GRA) requirements
• Avoid penalties for late tax filings
• Secure loans or attract investors with clear financial reports

3. Do I need a full-time accountant, or can you support on a part-time basis?

We offer flexible support — whether you need full-time, part-time, or periodic accounting services. This helps businesses of all sizes manage costs while maintaining compliance.

4. Can you help with tax preparation and compliance?

Yes. We handle:

• Preparation and filing of monthly and annual tax returns
• PAYE, VAT, Withholding Tax, and SSNIT contributions
• Guidance on eligible tax deductions
• Support during tax audits or reviews by the Ghana Revenue Authority (GRA)

5. What tools or software do you use?

We use modern, cloud-based accounting systems like:

• QuickBooks
• Xero
• Zoho Books
• Customised Excel-based reporting (for smaller businesses)

We can also integrate with your POS or CRM systems where necessary.

6. Can you help me set up an accounting system for my business?

Absolutely. We:

• Evaluate your business structure
• Recommend the best accounting software or tools
• Set up your chart of accounts
• Train you or your staff to use the system
• Provide ongoing support and troubleshooting

7. How do I know if my business is financially healthy?

We provide monthly or quarterly reports that show:

• Revenue and expense trends
• Profitability margins
• Cash flow status
• Areas of financial risk or concern

We also advise on financial planning and cost-saving measures.

8. Are your services suitable for startups and informal businesses?

Yes. We serve:

• Startups
• Sole proprietors
• Market vendors and informal businesses
• SMEs and professional firms

Our team helps transition informal bookkeeping into structured, digital formats that comply with GRA and business best practices.

9. How secure is my financial information?

We maintain strict confidentiality and data security protocols. All client data is stored in secure, encrypted systems, and only authorised personnel have access. We also comply with the Data Protection Act, 2012 (Act 843) of Ghana.

10. How do I get started with your accounting services?

It’s easy to get started. Book a free consultation with us to assess your accounting needs: