Fast Clean Up

Falling behind with the books or ignoring persistent accounting issues is a surprisingly common problem even for larger companies. Being caught in the everyday business struggle and lacking the resources and accounting expertise to make amendments, many companies continue in this manner until the situation spins out of control and an accounting crisis ensues. In such cases, we can step in and untangle many years worth of bookkeeping and tax accounting to get you back on track and to advise you on a plan going forward.

We specialise in resolving complex accounting issues and bringing your books up to date, ensuring your financial records reflect the true state of your business.

By addressing and resolving these issues, we not only bring your financial records up to date but also lay a foundation for more efficient and effective financial management in the future. Partner with us to regain control of your accounting processes and refocus your energies on growing your business.

 

We aim to restore order to your financial records, allowing you to make informed decisions based on accurate and reliable data.

What we do

Our Fast Clean-Up services include:

  • Comprehensive Bookkeeping Overhaul: Thorough review and rectification of historical bookkeeping errors, ensuring accuracy in your financial records.
  • Tax Accounting Resolution: Addressing and resolving past tax accounting issues, including filing amendments and negotiating with tax authorities if necessary. Identifying and correcting discrepancies in bookkeeping and tax records.
  • Financial Record Reconciliation: Ensuring all financial records are correctly aligned and reconciled, from bank statements to ledgers. Advising on and implementing best practices for future accounting management.
  • Customised Reporting: Providing tailored reports that give a clear view of your financial health, post clean-up.

Benefits Overview

  • Clients benefit from our Fast Clean-Up services through:
  • Restoration of accurate and up-to-date financial records.
  • Resolution of outstanding tax and accounting issues.
  • Enhanced confidence in financial data for decision making.
  • Reduced risk of penalties and interest from tax authorities.
  • Improved financial management and planning capabilities.

 

 

Read more details about….

 

Business Controlling service

Start-Up Support service

Process Improvement service

Due Diligence service

Wind-Up and Liquidation Support service

Shared Service Centre Support service

Outsourcing solutions for an airline company

As a new airline our Client was looking for an outsourcing partner to support them right from the beginning with all accounting matters a new company with complex operations can expect. PS was engaged not just to design, set-up but also to assist in operating and continuously improving...

SSC support for a mobile communication company

As various functions from lots of countries were in the process of migrating into the SSC our Client was looking for ongoing support of additional resources from PS. We had to provide qualified and trained temporary replacement who after a minimal transition period was able to take over the necessary tasks and ensure...

Accounting and reporting process improvement

Despite using tailor made solutions, Client was struggling with his accounting and reporting systems which were working unreliably and were unable to satisfy complex management information needs.

Accounting for leasing companies

For leasing companies of a financial institutions we had to take over the comprehensive accounting and taxation services of the property sub-group (52 entities). Client expectations were to meet tight deadlines and complex reporting requirements based on bookkeeping to be continued in their special accounting system.

Due diligence support for a media company

PS was assigned to carry out a due diligence before an acquisition deal among two significant players within the industry. Our Client was expecting a report on compliance with accounting and tax regulations as well as support in analysis future cash flow projections to validate income and expenditure assumptions...

Fast clean-up for a real estate company

The accounting books of the Client were in a mess, account balances were unreconciled and they were also late with tax return filings. We were asked for immediate support as they were preparing the Company for sale.

Payroll services in state and government sector

After winning the contract, PS had the opportunity to provide payroll and cafeteria administration services for a client in the governmental sector. The transition period was challenging, as less than 2 months were left to take the client over from the previous service provider and to set-up the new payroll system and cafeteria processes.

Process improvement at a global media company

Our Client had diverse solutions and systems for finance accounting and management reporting functions. They were looking for less manual processes, recommendations for automation opportunities and strengthened internal controls.

Consolidated financial statements

Our Client is an active investor on the real estate market. In addition to ongoing accounting services PS was assigned to provide consolidated financial statements for the Stock Exchange and assist in the statutory audit twice a year by adhering to strict internal deadlines.