Exifo Business Solutions - Karachi

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  • +8Years
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Company name
Exifo Business Solutions
Location
Saunset Lane I, DHA Phase II Ext. Karachi, Karachi, Sindh, Pakistan
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Contact number
+923453746418
Mobile phone
+923453746418
Working hours
  • Monday: 9-6
  • Tuesday: 9-6
  • Wednesday: 9-6
  • Thursday: 9-6
  • Friday: 9-6
  • Saturday: 9-6
  • Sunday: Closed
Contact Person Mansoor Wahid Bux
Company manager Mansoor Wahid Bux
Establishment year 2010
Employees 1-5
E-mail address
Location map
Company description
Exifo Business Solutions (EBS) provides accounting, taxation and finance solutions to small/medium enterprises. EBS was incorporated in 2010 and since then we provide outstanding solutions and a quality work to organization like yours to make their business a success with minimization of cost.. Outsourcing your business functions to EBS provides you with ample time to concentrate on your core operations and corporate goals.

EBS team includes qualified Chartered Accountant, Chartered Financial Analyst and Business Graduates from top universities of Pakistan. Our team have vast experience of working in Big 4 in Pakistan, UAE and Saudi Arabia in areas such as; Accounting, Taxation, Financial Analysis, and Business Valuation.

EBS has proven track in Local industry as well as with some  
Show more international clients, who outsourcing their significant work in order to have significant cost advantage and quick turnaround time. We offer our clients consultation on cost reduction initiative while maintaining quality of work. EBS gives remarkable advantages by working as part of organization and offering a platform to save cost by over 50% and spend more time on core functionalities.



SERVICES OFFERED

EBS helps organization to manage their Financial Reporting, Data Entry, and other operational activities more efficiently and effectively, while keeping higher management updated about each days progress. EBS working methods and 24 hour availability, while minimizing the cost have been appreciated by our various valuable clients. EBS offer following services to small and medium size entities:

Accounting and Finance Solutions:

Financial Statement Preparation
• Compilation of income statement
• Statement of retained earnings
• Balance sheet
• Cash flow
• Projected financial statements

Virtual CFO
• Setting up accounting guidance for organization
• IFRS applications
• Month and year end closing
• Reporting to management
• Tax assistance
• Coordinating with accountants

Reporting
• Establish and perform monthly, quarterly and year-end reporting
• Prepare draft financial statements for management review
• Prepare financial analysis
• Comparison and variance analysis between actual and budgeted
• Prepare management packs

Inventory Accounting
• Maintain inventory records
• Develop and update costs for products and services
• Perform variance analysis
• Analyze and set up transfer pricing

Capital assets
• Maintenance of fixed asset register on the basis of class of assets
• Calculate depreciation/amortization and book necessary journal entries
• Calculate depreciation / amortization for Income Tax purpose
• Assist in setting up deferred tax liability/asset on the basis of difference between tax values and book values
• Account for write-offs and valuation adjustments

Tax compliance

EBS with the expertise of its experienced team provides our client with complete relief from taxation daily, monthly and annual compliances. EBS taxation services in Pakistan.

Nowadays, keeping up with taxation authorities and filing different requirements from time to time is not only hectic but also cost a lot. Normally, the tax activities are peaked for 2 to 3 months; during these months’ entities needs accountants/tax preparers (i.e. additional resources) and also require providing training for new resources means more cost. Once tax season is over this resources become non productive. Hence, outsource your tax activities to EBS would not only give you relief from non compliance of taxation authorities but also savings in cost. Now you can relax and let our team to look after your taxation matters.

Payroll Calculation
EBS provide following payroll services:
• Calculation of Net Pay checks
• Calculation of Federal / State taxes for Employer and Employee
• Payroll Journal and Payroll Summary Sheet
• Deduction remittance to government
• Payroll Journal and Payroll Summary Sheet
• Monthly/Quarterly/Yearly Returns
• End of the year processing

Transaction Processing:

Based on our experience with our existing valued customer and development from time to time, many organizations engage chain of different activities from purchase to sales, human resource function, financial and accounting requirements, various reconciliations, depending on volume and sensitivity of processes. In this respect, EBS offer its assistance and benefit our experience and knowledge pool. We have tailor made solutions as per your requirements to manage your;


Reconciliation:
• Prepare monthly bank and credit card reconciliation
• Perform trade reconciliation (i.e. Account Receivable and Accounts Payable reconciliation)

Accounts Receivable:
• Generating sales invoices
• Generating and analyzing aged trial balance for management follow ups
• Applying payments to invoices
• Reconciling customer balances
• Preparing and posting journal entry for customer ledger
• Compiling and follow ups related to customer confirmation

Accounts Payable:
• Accounts Payable solutions incorporate an end-to-end solution for managing receipt of invoices, data processing, payment to vendors and generating payables report at regular intervals
• We provides controls and regular audit in order to reduce the risk of duplicate payments
• We assist in reconciling vendor balances
• We also provide solution for compiling vendor confirmation

Disbursements Processes:
• Travel and Entertainment Expenses Accounting
• Cash Disbursement Processes

Research and Analysis:

In order to compete, organization requires research and analysis function, but due to limited resources it does not remain feasible for all organizations to establish a separate department which perform different type of analysis for them in time of need. EBS have pool of professionals (including Chartered Accounting, Actuaries, business graduates and other) from different industries and have number of experience to meet your demands. Keeping your cost very low, we offer research and analysis expertise in following areas including:

- Financial statements,
- Industry,
- Peer company comparison,
- Projections, and equity versus debt requirements,
- Cost restructuring,
- Sales analysis- geography,
- Product and people,
- Cross selling,
- Commission analysis,
- Travel report analysis and many more….

Staff on Lease:

EBS offers staff leasing / virtual offshore staffing solution on the basis of requirement of client. You can simply hire staff for a set of number of hours per month.

Further staffs can also be deployed at offshore centre and become a part of your team. Staffing solution is available on need basis and you save your considerable resources for hiring cost, training, overhead allocation, physical space. It is similar to your staffing; the difference is the cost advantage due to offshore staffing.

Bookkeeping Solutions:

EBS carries a vital experience in bookkeeping which helps it to meet our clients need needs resulting to save cost by over 50%. Day to day bookkeeping and compliance reporting requires significant resources, but we have pool of qualified bookkeepers who can manage your needs on daily basis or as and when required depending upon volume and your preference.

Your organization cost is not only bookkeepers’ salary but there are other intangible costs like mandatory contributions, vacation pay and also you have to add your resources available to this employee. Cost mounts to salary plus approximate 15% to 20% on these benefits and your resource cost. Sometimes your organization does not need a full time bookkeeper but you end up hiring one. However, after meeting our team you don’t need to worry any more as we will charge you depending on the work done, not fixed like employee.

EBS experienced team can provide you help on any bookkeeping software with remarkable turnaround time and quality. EBS team include dedicated bookkeeper, weekly or monthly per organization needs and volume.

Our bookkeeping solutions include:
• Data entry in softwares like QuickBooks online, PeachTree, Xero, Wave accounting software.
• Setting up chart of accounts and correct classification of groups for the purpose of assets, liabilities, revenue and expenses
• Preparation of books of accounts
• Pass journal entries
• Migration from one accounting package to another
• Transition from spreadsheet to accounting package
• Generating trial balance
• Assistance in consolidating subsidiaries with parent
• Generating ledger accounts for compiling statutory reports like sales tax, payroll etc
• Reconcile inter-company accounts and transactions

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