Involves maintaining books of accounts per laws, preparing financial statements aligning with the financial reporting framework, including Companies Ordinance 1984 and International Financial Reporting Standards. Encompasses management reports, financial statements, and international reporting to the Group.
Why Needed:
Outsourcing bookkeeping optimizes efficient execution at a competitive cost, aiding management in focusing on core functions.
Benefits of Book Keeping, Reporting & Allied
Out-sourcing has following benefits attached to it
- Professional Services rendered by Professionals
- Reduction in headcount
- Substantial cost savings
- Independent verification of information
- No cost for accounting system up-gradation & maintenance (if vendor solution is used)
Our Expertise:
JASB & Associates, a licensed Chartered Accountant firm, brings a "Satisfactory QCR Rating." With extensive industry knowledge, we provide high-quality, cost-competitive services, including Cost Report preparation and enhancing internal controls over cost accounting functions. We do believe in providing value added services to our valued clients with respect to;
- Proper Maintenance of books of accounts
- Use of accounting software
- Experienced and qualified resources
- Timely reporting to Client at all levels
- Frequent liaison with Client
- Preparation of Accounts as per applicable financial reporting standards
- Dealing with Auditors, regulators etc.
- Tax filings; and
- Development of SOPs effective and efficient book keeping etc.
Encompassing functions like bookkeeping, investment management, payment processing, and audit for retirement funds (Provident Fund, Gratuity Fund, Pension Funds), JASB manages all aspects except approval.
Why Needed:
Due to busy schedules, trustees, who are also employees, often lack time for effective fund management. Inadequate management results in suboptimal returns, wasting resources. Proper management ensures Provident Fund benefits employees with enhanced profit shares, and Gratuity Fund yields substantial savings for the company.
Benefits of Retirement Fund Management
Out-sourcing has following benefits attached to it
- Professional Services rendered by Professionals
- Proper book keeping & audits
- Proper management of funds as per approved investment policy
- High Returns results in high profits or low contributions
- No effect on approval process by Trustees
Our Services
JASB has the knowledge and experience to facilitate our clients for proper management of Retirement Funds including book keeping, reporting, processing and Investment Management in accordance with applicable laws & regulations.
We offer one-stop solution to trustee of Retirement Funds which includes the following;
- Processing of Payments & contributions
- Proper Book Keeping
- Proper Reporting
- Proper & secure management of Investments
- Proper audit of books of accounts
We render high-quality and cost- competitive services to our clients by making best use of technological resource. We do believe in providing value added services to our valued clients with respect to;
- Proper Maintenance of books of accounts
- Use of accounting software
- Experienced and qualified resources
- Timely reporting to Client at all levels
- Frequent liaison with Trustees
- Preparation of Accounts as per applicable financial reporting standards
- Tax filings; and
- Development of SOPs effective and efficient Retirement Fund Management.
We have devised a specialized product to cater the needs of retirement funds.
Involves compiling financial information per the financial reporting framework, including backlog migration into the Management Information System.
Why Needed:
Companies may lack the necessary skill set for financial statement preparation, prompting the hiring of professional accountants for accurate compilation. In computerization efforts, professional accountants ensure precise compilation from manual records for accurate data migration.
Benefits of Compilation Engagements
Compilation has following benefits attached to it
- No Extra burden on already engaged management
- Compliance with Applicable standards
- Time Saving
- Independent verification, accuracy and authenticity
- No cost for accounting system up-gradation & maintenance (if vendor solution is used)
Our Expertise:
JASB & Associates, a licensed Chartered Accountant firm, brings a "Satisfactory QCR Rating." With extensive industry knowledge, we provide high-quality, cost-competitive services, including Cost Report preparation and enhancing internal controls over cost accounting functions.
Fund Management means and includes proper management of funds created for specific purposes or events. It includes payments to vendors, book keeping, preparation of accounts, timely reporting and reconciliations.
Why it is needed
It may be required where companies are expanding their production lines or constructing buildings or arranging exhibitions etc. and would hire a senior level resource or assign additional work load to existing staff.
Benefits of Fund Management
Out-sourcing has following benefits attached to it
- Professional Services rendered by Professionals
- Proper book keeping, reporting and audit
- Proper management of funds as per approved plan
- Transparency in utilization of funds
- No effect on approval process by Trustees
Our Expertise:
JASB has the knowledge and experience to facilitate our clients for proper management of Funds including book keeping, reporting, payment processing, reconciliation etc. as per approved plan.
We offer one-stop solution which includes the following;
- Processing of Payments & contributions
- Proper Book Keeping
- Proper & Timely Reporting
- Proper audit of books of accounts
We render high-quality and cost- competitive services to our clients by making best use of technological resource. We do believe in providing value added services to our valued clients with respect to;
- Proper Maintenance of books of accounts
- Use of accounting software
- Experienced and qualified resources
- Timely reporting to Client at all levels
- Frequent liaison with Client at all levels
- Preparation of Accounts
- Tax filings; and
Development of SOPs for effective and efficient Fund Management.
Business Process Outsourcing means outsourcing of any function i.e. Payables, Collections, Payroll, tax filings, reconciliations etc. to professional accountants for processing and execution.
Why it is needed
These are support functions and do not require expertise to have full time senior resource. Companies which are reducing their head count, they can outsource their payables, collections, payroll, tax filings, reconciliations etc. to professional accountants.
Benefits of Business Process Outsourcing
Out-sourcing has following benefits attached to it
- Professional Services rendered by Professionals
- Proper reporting
- Proper management of function
- Independent Review
Our Expertise:
JASB has the knowledge and experience to facilitate Business Process Outsourcing by our valued clients.
We offer one-stop solution which includes the following;
- Deployment of our staff for full time coordination
- Proper Book Keeping & recoding in Client MIS
- Proper review and processing of transactions
- Proper and Timely Reporting
- Assistance in audit of functions by the auditors of the Company
We render high-quality and cost- competitive services to our clients by making best use of technological resource. We do believe in providing value added services to our valued clients with respect to;
- Review of Internal Control System applicable over outsourced functions etc. and
- Development of SOPs for effective and efficient Management of BPO.
Accounting Advisory means advisory services with respect to accounting issues which may arise due to complex financial transactions as well as changes in financial reporting framework.
Why Accounting Advisory
Every company is required to prepare and present financial statements in accordance with applicable financial reporting framework which includes International Financial Reporting Standards (IFRS), Companies Ordinance, other applicable laws, pronouncement issued by Institute of Chartered Accountants of Pakistan etc.
The Companies are using new financial products and are entering into complex business transactions to hedge associated risks due to cross border transaction etc.
Benefits of Accounting Advisory
It has following benefits attached to it
- Professional Advice in light of applicable standards & laws
- Fair Accounting Treatment
- Fair Reporting and disclosure
Our Expertise:
JASB & Associates, a licensed Chartered Accountant firm, brings a "Satisfactory QCR Rating." With extensive industry knowledge, we provide high-quality, cost-competitive services, including Cost Report preparation and enhancing internal controls over cost accounting