Understanding the financial side of your business
General Breakdown
Who loves paying taxes? However tax is an important part of business operations as it allows us to consider our return and cash flow planning. At Arriba, we look at effective strategies to minimise your tax but also how to tax plan for the future to maximise on your casfhflow.
Our Services Include
- End of Year Financial Statements & Tax Returns
- Performance/Management Reporting
- Company Formation and Set-Up
- Forecasting
- Budgeting
- Companies Office
- Management Accounts
- GST returns
- Tax Planning
- Tax Pooling
- Tax returns – Company, Partnerships, Individual, Trust and rental properties
- FBT returns
- IRD Negotiations
Our Approach to ACCOUNTING & TAX
The practical results of your business and activities require you to keep up-to date records. While we recognise that all businesses are different, we also understand that the basic accounting that applies to all businesses remain the same.
- Set up your accounting records
- look at and record where necessary daily transactions
- Prepare your books for end-of-month or end-of-year reporting
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Gain an understanding of basic accounting concepts.
Accounting, simply defined, is the method by which financial information is gathered, processed into financial statements and reports. An accounting system can be represented by simple application, which is explained below.
- Every accounting entry is based on a business transaction, which is usually evidenced by a business document, such as a check or a sales invoice.
- While a journal records transactions as they happen, a ledger groups transactions according to their type which are based on accounts affected.
- The general ledger functions as a collection of all balance sheet, income and expense accounts used to keep a business’s accounting records. At the end of an accounting period, all journal entries are summarised and transferred to the general ledger accounts. (posting)
- A trial balance is prepared at the end of an accounting period by adding all the account balances in your general ledger. The debit balances should equal the sum of the credit balances. If total debits don’t equal total credits, you must track down the errors.
- Finally, financial statements are prepared from the information in your trial balance.
Deliver & Grow
Your accounting records are essential because the resulting financial statements and reports help you plan and make decisions. These statements and reports may be used by some third parties like bankers, investors or creditors, and are needed to provide information to various departments.
This information and service is something we offer to all our clients and walking and talking you through the procedures is a service we provide
We provide a full raft of services to assist you in keeping comprehensive records, making sure your business is running effectively.
What happens next
Once the financial analysis is complete, we will execute on our findings and solve the issues.
