IAZ offers a wide spectrum of accounting services that answer to the financial needs of any business in the global market.

We ensure that the financial statements comply with International Financial Reporting Standards (IFRSs) and are committed to keeping the highest level of professional standards and quality.

We provide 

• Full Financial accounting system design & implementation with AMC
• Setting up of accounting procedures and SOPs
• Accounts updation on periodical basis and on year end. 
• Supervision and review of financial accounting records for any specific needs. 
• Financial reporting (preparing balance sheet, statement of comprehensive income, statement of equity, statement of cash flows, etc as per IFRS)

We also provide extensive supervision of accounting and book keeping. Our executive will visit your office on periodic basis, weekly or monthly depends upon the scope of the work and time required to complete the assignment. All the data entry work has to be done by the full time accountant of the company. Our accounting supervision service will cover the following:

Review of books of account with necessary supporting documents will be carried out. Major observations that require management attention and actions will be conveyed depending on their importance.

To ensure that recognition of revenue transactions were properly made as per prudent accounting principles and in conformity with the nature of business and as per contracts.

Analysis of sales will be made to see from the angle of contributions made by different categories of products, salesmen, etc.

To ensure the payments made by the company are supported with proper documents and authorized by the concerned manager/owner.

Check whether the payments are entered on an accrual basis and proper cut-off procedure is done at the end of every month.

To ensure that reconciliation of bank accounts, customers’ accounts, suppliers’ accounts, and other major accounts were prepared correctly and on time.

Further monthly review reports will be prepared and issued to the management at the end of every month including the analysis of financial statements, financial ratio analysis, analysis of working capital, BEP, marginal safety, etc., and our findings on the review of books of account.

By the end of the month, we will visit to verify all purchases, sales, receipts, payments, and other business transactions including recognition of transactions on an accrual basis. The system-generated Management Information System (MIS) reports will be prepared and discussed with the management by our executive.

In order to do the regular accounting services weekly or monthly, the administrator or the secretary in the office of the client has to maintain the basic information of the transactions that happened during that period and those should be made available to verify and update.

We can support the client to update the transactions on a daily basis. It includes updating of transaction like sales, purchases, payments, receipts or reconciliation with bank statements /customers’ accounts/ suppliers accounts etc or any other requirements from the clients’ side on a full-time/part-time basis. The data has to be provided by the client through email or online portal to our executive. The periodic reports will be given to the management for such assignments we undertake.