We can help you in the management of Financial Department, at your office or remotely

Outsourcing Finance Department

  • Annual Financial Statement and Board of Directors Report
  • Periodical, Quarterly/ monthly reporting (Balance Sheet, Profit and Loss, Cash Flow statement, specific analysis and commentary…)
  • Oversee operations of Finance department ( accounting, major accounts reconciliation, account payable and receivable, tax and regulatory compliance)
  • Account payable and receivable Ageing analysis, past due and bad debts
  • Relations and negotiations with banks, current accounts reconciliation, payment procedures and treasury controls
  • Developing and implementing accounting policies
  • Compliance controls, auditing and other company’ stakeholders support
  • Compliance with the various tax requirements foreseen by the legislation in force (VAT, Intrastat, witholding tax, Annual Tax return…)
  • Handling the relationship with the work consultant, the tax advisor and overseer of this activity
  • Analytics support and handling extraordinary operations

Group Reporting package

Accounting and management reporting: we use the accounting data of the local branch to input the reporting package for the Italian and multinational groups (monthly, quarterly, annual): P&L, BS, Cash Flow, detail management reports.

Periodicity:  Monthly economic report; Quarterly Economic report + patrimonial + detailed reports package.

Data set:extractions from the information system (Trial Balance, , account payable and receivable detils, sales and purchases orders, transitional items ..), inventory details, sales budget, others company DB.

Main softwares used: Excel, Access, QlikSense, Power BI, Power Query …

OUR ACTIVITIES

Monthly, within the deadlines set by the parent company, we receive Trial Balance, General ledgers and other informations from the local branch.

We classify this data and input in Group report. The format of this report is initially set up with the Holding.

The final output is a P&L and BS used for consolidation according Group accounting policies.

The package also contains a series of schedules with detailed accounting information (intercompany, investments, net financial position, inventory ...).

In order to be able to provide the adequate level of detail in informations, within the very tight deadlines required, we implement a set of reports and allerts that allows us to monitor the evolution of the business and the impact on economic and financial trends.

UN ULTERIORE SUPPORTO

Nelle varie fasi dell’esercizio solare viene effettuata anche un’attività di supporto direzionale nei confronti del management aziendale attraverso:

– Formalizzazione del Budget / Piano a medio termine;

– Analisi degli scostamenti consuntivo vs budget;

– Fornitura di report gestionali di dettaglio;

– Predisposizione di forecast

Per alcuni clienti l’intervento di reporting viene ampliato anche alla predisposizione del Bilancio civilistico italiano.