“Your customer doesn’t care how much you know, until they know how much you Care”
– Damon Richards
Book Keeping & Financial Reporting
This involves the process of recording, analysing, reporting and interpreting the financial transactions of a business. BridgeCap helps clients to produce financial records that give business accurate information about its financial activities. These records are critical to the future success of any business. Not only are these records necessary for the business, they are also required by law. Kenyan legislation requires that businesses must have up to date financial records to ensure that they pay all necessary taxes and levies.
BridgeCap’s Book Keeping & Financial Reporting solution helps clients benefit by:
- Properly setting up accounting systems
- Accurately entering transactions
- Performing checks, reconciliations and period-end processes
- Ensure they are up to speed with legislative requirements and management reports
- Preparing monthly financial statements
- Providing general business administrative support
We take a personal interest in the overall health of your business. Our flexible approach ensures that we fit into our clients’ requirements so you can make informed decisions based on reliable information with graphs, analysis, period comparisons as well as financial reports – income statement, balance sheet, and cash flow statement – in line with International Financial Reporting Standards (IFRS).
Income Statement – summarizes your company’s revenue and expenses. Your business stakeholders want to know what kind of numbers your business is working with and whether your business is profitable.
Balance Sheet – shows your company’s assets and liabilities. The assets must perfectly balance the liabilities. The balance sheet is important because it shows the company’s financial position at a specific point in time, and compares what you own to what you owe.
Cash Flow Statement & Cash Budget – shows the amounts of money you expect to be coming into and going out of your business in a given time frame. A realistic cash budget is an important short-term planning tool. Cash flow statements not only show stakeholders and potential investors that you know what you’re doing, they also help you to make sure your business model is financially viable.
BridgeCap team has wide experience in financial reporting and are members of the Institute of Certified Public Accountants of Kenya (ICPAK).