OUR CORE ACCOUNTING & BOOKKEEPING SERVICES

1. Day-to-Day Bookkeeping

• Recording all financial transactions

• Bank, credit card & cash ledger maintenance

• Categorization & reconciliation of expenses

• Real-time bookkeeping updates

• Clean-up of historical accounts

2. Accounts Payable (AP) Management

• Vendor invoice processing

• 3-way match (PO–GRN–Invoice)

• Payment scheduling

• Vendor reconciliations

• AP aging analysis

• Workflow automation through AP tools

3. Accounts Receivable (AR) Management

• Customer invoicing & billing

• Collections follow-ups

• Cash application

• AR aging & credit control

• Revenue reconciliation

• Customer ledger maintenance

4. Bank & Credit Card Reconciliations

• Daily / weekly / monthly reconciliations

• Bank-feed mapping & error correction

• Identifying missing or duplicate transactions

• Reconciliation statements for reporting & audit

5. Month-End & Year-End Closing

• Accruals & prepayments

• Journal entries & general ledger review

• Inventory & cost entries

• Inter-company reconciliation

• Trial balance review

• Finalizing books for reporting and audit

6. Financial Statements Preparation

• Balance Sheet

• Profit & Loss Statement

• Cash Flow Statement

• Notes & supporting schedules

• Management reports

7. Fixed Assets & Depreciation Management

• Asset register creation & maintenance

• Capitalization policy alignment

• Depreciation calculation & posting

• Disposal & impairment accounting

8. Inventory Accounting

• COGS computation

• Inventory valuation (FIFO, Weighted Avg)

• Inventory reconciliation

• Stock adjustment journal entries

9. Compliance-Ready Accounting

We prepare books that meet global accounting frameworks:

• US GAAP

• IFRS / IAS

• UK GAAP

• Canada ASPE

• Entity-specific and industry-specific compliance

10. Audit Support & Workpapers

• Preparation of audit schedules

• Supporting documents

• GL reconciliations

• Liaising with auditors

• Year-end closing coordination

11. Software Setup & Migration

• QuickBooks Online / Desktop

• Xero

• Zoho Books

• Wave / FreshBooks

• NetSuite, SAP, Oracle

• Bookkeeping workflow automation

• Reduced operational cost

• Expert team handling complex accounting

• Zero errors and fully compliant books

• Real-time financial visibility

• Scalability as your business grows

• Faster month-end closes and audit readiness

Kaalafino ensures your financial foundation is strong, accurate, and future-ready.

Why Your Business Needs

Outsourced Accounting ?

Who We Serve

• US, UK, EU, Canada, Australia & GCC-based entities

• Startups, SMEs, and global subsidiaries

• E-commerce & Retail

• SaaS & IT Services

• Manufacturing & Trading

• Consulting & Professional Services

• Logistics & BPO companies

Our Accounting Workflow

1. Initial Assessment & Transition - Review existing books, software, processes & gaps.

2. Set-Up & Standardization-Chart of accounts, templates, rules, automations.

3. Weekly/Monthly Bookkeeping-Transaction posting, reconciliations, reporting.

4. Month-End Close-Accruals, adjustments, finalizing books.

5. Reporting & Insights-MIS, KPIs, financial statements, trend analysis.

6. Ongoing Support-Continuous communication & improvement.