Accounting and Bookkeeping

At ECT Business Consulting, we provide comprehensive accounting and bookkeeping services that go beyond simply recording financial transactions. We ensure that your financial records are accurate, organized, and always up-to-date. Our team of experienced professionals is dedicated to handling the day-to-day financial operations of your business, allowing you to focus on your core competencies while having complete confidence in the integrity of your financial data.
Our accounting and bookkeeping services include:

• Recording Opening Balances:
We record all opening balances, including capital and partners' equity, assets and debit accounts, liabilities and credit accounts. This ensures a solid foundation for your financial records and provides a clear starting point for ongoing transactions.
• Purchase Accounts Recording:
We accurately record and categorize your purchase accounts, ensuring that all expenses related to the procurement of goods and services are properly recorded. This allows for better expense management, vendor analysis, and accurate financial reporting.
• Recording Sales and Customer Debit Accounts
We record all sales transactions and customer debit accounts. By ensuring the proper recording of these transactions, we provide you with an accurate representation of your financial position and enable effective analysis of your business performance.
• Reconciling Customer Accounts Receivable:
We reconcile your customer accounts receivable with outstanding balances, ensuring that all sales and revenue transactions are accurately reflected in your financial records. This helps maintain accurate customer records and enables effective credit management.
• Reconciling Vendor Accounts with Outstanding Credit Balances:
We reconcile vendor accounts with outstanding credit balances, ensuring that all outstanding payments are accurately reflected in your financial records. This helps maintain accurate accounts payable balances and facilitates effective debt payment processes.
• Reconciling Bank and Cash Accounts with Bank Statements:
We perform thorough bank and cash account reconciliations, comparing your financial records with bank statements to ensure accuracy and identify any discrepancies. This process helps identify errors, detect fraudulent activities, and maintain the integrity of your financial data.
• Filing Value-Added Tax (VAT) Declarations:
We assist you in meeting your tax obligations by accurately preparing and filing value-added tax (VAT) declarations. Our in-depth knowledge of tax regulations and compliance requirements ensures that your VAT declarations are prepared correctly and submitted on time.