Apart from being a statutory requirement for companies formed in reputable countries (including Malta in terms of the Maltese Companies Act), the maintenance of proper accounting records and their verification through annual audits enables businesses to monitor their performance, compare results with budgets and industry benchmarks, as well as to take the necessary steps to build on strengths and rectify weaknesses before it is too late.

Accounting, which comprises an array of services including double entry transactions posting, the keeping of debtors, creditors, VAT and investments control accounts, as well as the finalisation of management accounts and financial statements based on International Financial Reporting Standards.

Budgeting and forecasting, which constitutes the preparation of forecasts of accounting items for departmental perusal, drafting of periodic budgets and variance analysis.

For more information about our Historical Cost Accounting services, please contact us here.