Exifo Business Solutions

Exifo Business Solutions (EBS) provides accounting, taxation and finance solutions to small/medium enterprises. EBS was incorporated in 2010 and since then we provide outstanding solutions and a quality work to organization like yours to make their business a success with minimization of cost.. Outsourcing your business functions to EBS provides you with ample time to concentrate on your core operations and corporate goals.

EBS team includes qualified Chartered Accountant, Chartered Financial Analyst and Business Graduates from top universities of Pakistan. Our team have vast experience of working in Big 4 in Pakistan, UAE and Saudi Arabia in areas such as; Accounting, Taxation, Financial Analysis, and Business Valuation.

EBS has proven track in Local industry as well as with some international clients, who outsourcing their significant work in order to have significant cost advantage and quick turnaround time. We offer our clients consultation on cost reduction initiative while maintaining quality of work. EBS gives remarkable advantages by working as part of organization and offering a platform to save cost by over 50% and spend more time on core functionalities.

SERVICES OFFERED

EBS helps organization to manage their Financial Reporting, Data Entry, and other operational activities more efficiently and effectively, while keeping higher management updated about each days progress. EBS working methods and 24 hour availability, while minimizing the cost have been appreciated by our various valuable clients. EBS offer following services to small and medium size entities:

Accounting and Finance Solutions:

Financial Statement Preparation

• Compilation of income statement

• Statement of retained earnings

• Balance sheet

• Cash flow

• Projected financial statements

Virtual CFO

• Setting up accounting guidance for organization

• IFRS applications

• Month and year end closing

• Reporting to management

• Tax assistance

• Coordinating with accountants

Reporting

• Establish and perform monthly, quarterly and year-end reporting

• Prepare draft financial statements for management review

• Prepare financial analysis

• Comparison and variance analysis between actual and budgeted

• Prepare management packs

Inventory Accounting

• Maintain inventory records

• Develop and update costs for products and services

• Perform variance analysis

• Analyze and set up transfer pricing

Capital assets

• Maintenance of fixed asset register on the basis of class of assets

• Calculate depreciation/amortization and book necessary journal entries

• Calculate depreciation / amortization for Income Tax purpose

• Assist in setting up deferred tax liability/asset on the basis of difference between tax values and book values

• Account for write-offs and valuation adjustments

Tax compliance

EBS with the expertise of its experienced team provides our client with complete relief from taxation daily, monthly and annual compliances. EBS taxation services in Pakistan.

Nowadays, keeping up with taxation authorities and filing different requirements from time to time is not only hectic but also cost a lot. Normally, the tax activities are peaked for 2 to 3 months; during these months’ entities needs accountants/tax preparers (i.e. additional resources) and also require providing training for new resources means more cost. Once tax season is over this resources become non productive. Hence, outsource your tax activities to EBS would not only give you relief from non compliance of taxation authorities but also savings in cost. Now you can relax and let our team to look after your taxation matters.

Payroll Calculation

EBS provide following payroll services:

• Calculation of Net Pay checks

• Calculation of Federal / State taxes for Employer and Employee

• Payroll Journal and Payroll Summary Sheet

• Deduction remittance to government

• Payroll Journal and Payroll Summary Sheet

• Monthly/Quarterly/Yearly Returns

• End of the year processing

Transaction Processing:

Based on our experience with our existing valued customer and development from time to time, many organizations engage chain of different activities from purchase to sales, human resource function, financial and accounting requirements, various reconciliations, depending on volume and sensitivity of processes. In this respect, EBS offer its assistance and benefit our experience and knowledge pool. We have tailor made solutions as per your requirements to manage your;

Reconciliation:

• Prepare monthly bank and credit card reconciliation

• Perform trade reconciliation (i.e. Account Receivable and Accounts Payable reconciliation)

Accounts Receivable:

• Generating sales invoices

• Generating and analyzing aged trial balance for management follow ups

• Applying payments to invoices

• Reconciling customer balances

• Preparing and posting journal entry for customer ledger