Accounting, Bookkeeping & Finance Services offer comprehensive financial management solutions for businesses and individuals. These services include the systematic recording, reporting, and analysis of financial transactions. They ensure accurate and up-to-date financial records, assist in budgeting and forecasting, and provide insights for strategic decision-making. Key offerings include:

• Book keeping and Accounting services
• Online Accounting Services
• Payroll Services
• Technical Accounting Advisory Services
• Start up and Interim Services
• Accounting System Transition
• Financial Reporting Assistance
• International Financial Reporting Standards (IFRS) Consultancy
• Board of Directors (BOD) and Audit Committee Services
• Development, documentation and implementation of accounting and procedures

These services aim to enhance financial transparency, support regulatory compliance, and drive business growth through informed financial strategies.

If hiring a full-time CFO sounds expensive, consider our part-time CFO services which will enable you to avoid spending money on high salaries yet still manage your financials with us. We understand that every organization requires a different service portfolio, so we handle each client based on their requirements. A typical team of CFO services consists of a Chartered Accountant, Cost Accountant, Certified Public Accountant, a Bookkeeping or Accounting Specialist.

Our CFO services include:

• Financial Controlling & Financial Management
• Preparation of IFRS compliant Financial Statements
• Financial planning and Forecasting
• Budgeting
• Cash Flow Management
• Key Performance Indicators
• Financial Analysis and Modeling
• Other CFO standard responsibilities

VAT (Value Added Tax) Consultancy & VAT Related Services encompass a range of professional offerings aimed at assisting businesses with their VAT obligations and optimizing their VAT processes. These services include expert advice on VAT compliance, registration, and planning to ensure adherence to relevant tax laws and regulations. VAT consultants provide guidance on the correct application of VAT rates, help with preparing and filing VAT returns, and offer support during VAT audits and inspections. Additionally, they assist in managing cross-border VAT issues, reclaiming VAT refunds, and implementing efficient VAT accounting systems. The goal is to minimize VAT liabilities, avoid penalties, and ensure smooth VAT operations within the business.

• Identification of applicable VAT regulations
• VAT Registration
• VAT Impact Assessment
• Compliance with VAT requirements
• VAT implementation
• Updating IT systems
• Maintaining records as prescribed by the regulations
• Quarterly filing of VAT returns
• Specialized VAT services
• Training your staff to be well equipped for VAT
• Recommending changes/updates in your accounting system
• Recommending changes in your invoice structure & other related documents
• Educating you on the VAT rates applicable on each of your revenue streams
• Advising you on the impact of VAT on your ongoing projects.
• Advising you on maintenance of data in order to be VAT compliant

Internal Audit & Risk Management Services provide organizations with an independent, objective assessment of their internal processes and controls. These services help ensure compliance with laws and regulations, identify areas of operational inefficiency, and safeguard assets. By evaluating and improving risk management, control, and governance processes, these services enhance organizational performance and accountability. Key activities include risk assessments, internal control evaluations, compliance audits, and advisory services to address potential risks and improve overall corporate governance.

• Internal Audit
• Review of Internal Controls & Sarbanes-Oxley Compliance
• Projects internal Audit
• Business Risk and Compliance
• Fraud Risk Analysis
• Contract Risk Analysis

Business Advisory Services provide expert guidance and strategic advice to businesses to help them improve their performance, overcome challenges, and achieve their goals. These services encompass a wide range of activities, including financial planning, risk management, organizational restructuring, market analysis, and operational improvements. Business advisors work closely with company leaders to identify opportunities for growth, optimize processes, and implement effective strategies. By leveraging their expertise and industry insights, advisory services aim to enhance decision-making, drive innovation, and ensure sustainable business success.

• Due Diligence Services
• Business Process Improvement (BPI)
• Business Process Reengineering
• Cost Management Solutions
• Business Planning and Counseling Services
• Budgeting and Forecasting; Financial Modeling
• Incorporation Services
• Structured Financing Products/Services
• Finance arrangements

Forensic Auditing & Support Services provide specialized investigative and analytical services aimed at detecting, preventing, and resolving financial misconduct, fraud, and other irregularities within organizations. These services encompass a range of activities, including detailed examination of financial records, identification of fraudulent activities, gathering evidence for legal proceedings, and providing expert testimony. The goal is to ensure financial integrity, compliance with regulations, and to support legal actions with robust and reliable forensic evidence. These services are critical for businesses seeking to maintain transparency, accountability, and trust in their financial operations.

• Fraud Investigations
• Record Reconstruction

Operational & Management Outsourcing involves contracting external specialists to manage and execute specific business functions or operations. This service allows companies to leverage expert knowledge and resources without the need to maintain in-house teams. Key areas often outsourced include IT services, human resources, financial management, customer service, and supply chain operations. The primary benefits include cost reduction, increased efficiency, access to specialized skills, and the ability to focus on core business activities. By outsourcing operational and management tasks, organizations can enhance their overall performance and competitiveness in the market.

• Outsourcing professional resources
• Outsourced Recruiting Manager Service
• Finance and Accounting Recruiting
• Recruitment advisory and interview services
• Outsourcing of Administration Department

IFRS & Staff Trainings is a specialized service designed to educate and equip corporate employees and financial professionals with the knowledge and skills necessary to effectively implement and adhere to International Financial Reporting Standards (IFRS). These comprehensive training programs cover a range of topics including the latest IFRS updates, practical application of accounting standards, and regulatory compliance requirements. Through a combination of workshops, seminars, and hands-on training sessions, participants gain a deep understanding of IFRS principles and their impact on financial reporting and decision-making processes. The goal is to enhance organizational competency, ensure accurate financial reporting, and facilitate smooth transitions to new accounting standards.

• Training can cover a wide range of topics in the Accounting and IFRS areas
• Preparation of Financial Statements
• Accounting Principles
• Advanced Accounting Standards
• Group Accounting
• Financial Analysis
• Accounting Systems and Internal Controls

IT Advisory & Support Services provide comprehensive guidance and assistance to organizations in managing their information technology needs. These services encompass strategic planning, system integration, risk assessment, and compliance management. IT advisory helps businesses align their IT infrastructure with their goals, ensuring efficient, secure, and cost-effective operations. Support services offer ongoing technical assistance, troubleshooting, and maintenance, ensuring smooth and uninterrupted IT functionality. Together, these services enable businesses to leverage technology effectively, enhance productivity, and stay competitive in a rapidly evolving digital landscape.

• Review of IT general controls adequacy and advising on strengthening the overall IT controls environment to safeguard information assets from security breaches
• Data analytics utilizing Computer Aided Audit Tools and Techniques (CAATTs) in order to identify and report anomalies of data sets produced by critical business processes, such as procure to pay, revenue cycle, credit and liability exposure, journal entries, and inventory management
• Review of IT system processes and recommending more efficient and effective business processes covering all major areas such as inventory, procurement, sales and finance
• Developing IT requirements specifications based on the analysis of manual business processes and assisting new IT system implementation thereby establishing more efficient, effective and cost saving business processes

Audit & Assurance Services are professional services provided by Visoray to enhance the reliability and credibility of financial information. These services involve a thorough examination and verification of a company’s financial statements and other related information to ensure accuracy, compliance with relevant laws and regulations, and adherence to accounting standards. The primary goal is to provide stakeholders, such as investors, regulators, and management, with confidence in the integrity of the financial reporting. Audit and Assurance Services also include internal audits, compliance audits, risk assessments, and reviews of internal controls, helping organizations to improve operational efficiency, manage risks effectively, and achieve their strategic objectives.

• Statutory Financial statements audit
• Consolidated Financial Statements audit
• Regulatory compliance & reporting
• Special purpose audit
• Certification services-assets auditing and stock auditing
• Information system security auditing