Insight is the Outsourced Accounting Service for Business Intelligence & Administrative Finance from UDC - Unicon-Douglas Consulting. Developed for Small & Medium Enterprises, it is aimed to assist the entrepreneur in making the enterprise competitive, cost-effective and intelligent.

Product Vision

With Insight, the entrepreneur can focus effectively on its core business of producing and marketing its goods or services by outsourcing most of its Accounting operation without the usual high recurring expenditures of an internally ran Accounting Department. Insight gives the entrepreneur the right financial data to be able to make sound business decisions timely. It also frees up the entrepreneur from the added burden of overseeing a large accounting department and from making sure that government compliance reports and requirements are met by the company at the right time.

Insight is better able to manage your accounting operations and better comply with government compliance requirements because it is its core business, it is what Insight does expertly everyday. Additionally, it frees the entrepreneur from unnecessary supervisory headache and unmeasured liabilities of having several staff working for your accounting department.

Corporate Finance, namely accounting and financial intelligence, has been the usual weak spot of most Small and Medium Enterprises. This weak spot have had its share of corporations who were forced to close down its business operations burdened by debt and other liabilities for lack of professional financial discipline. Normally, accounting and financial intelligence, its lack thereof, is a usual cause for corporate failures.

Insight is a developing discipline in Accounting and Corporate Finance undergone by UDC to ensure that its clients and subscribers are better positioned to know, grow, save and compete in a highly evolved and tough world of business.  

Insight Service Fundamentals

1. Financial Intelligence – Insight gives you the necessary financial reports so that you can make timely and well-informed business decisions. In a world where operating margins are thinning, costs of business are soaring, and financial resources becoming more and more scarce, Insight may well become your closest management partner to run your desired efficient business. As a service, Insight can give you simple yet useful business advises based on certain financial principles and metrics as benchmarked from competing or similar companies.

• Generate Periodic Financial Statements using Quickbooks Professional Edition
• Corlogic Cashtrack – Proprietary Cashflow Management Application
• Ongoing Treasury Audit

2. Administrative Finance – Insight ensures that all government compliance requirements from reports to taxation are met. Insight will take time to explain to you new and ongoing government compliance standards so that your risks are minimized. It will maintain your financial information private, and will deal directly to an auditor you specify or approve. As these recurring business burdens are freed from your shoulders by Insight, you can now focus on ensuring that your dream enterprise will become a reality. You can focus on growth, you can focus on profitability, and you can give yourself more time to enjoy the other things in life besides running your business.
   
   
1. Generate Audited Financial Statements
2. Government Compliance
3. Government Filings

Insight Resources Deployment

1. Assigned Accounting Supervisor
2. X Bookkeepers (will depend on volume of transactions)
3. Assigned Certified Public Accountant – Annual Audit Only
4. Accounting IT Infrastructure & Support
5. Workstations
6. Accounting Software
7. Management Supervision
8. Communications Expenses
9. Transportation Expenses

10. Comprehensive Benefits Program for the Abovementioned Staff

Accounting Data Administration

• Design Development of Accounting Data Administration
• Collection of Relevant Accounting Data
• Encoding & Filing of Accounting Data
• Setting Up of an Accounting Software Suite suitable for your business

Work Details: List of Generated Compliance Reports

Monthly Recurring Administrative Work & Reports

1. Book Of Accounts – General Ledger
2. Book Of Accounts – Sales Journal
3. Book of Accounts – Disbursement Journal
4. Alpha List – List of Taxes Withheld
5. Alpha List – List of Certificates of Withheld Taxes
6. Value Added Tax Form
7. Tax Withholding Report on Employees

Quarterly Recurring Administrative Work & Reports

1. Income Tax Returns
2. Quarterly Community Business Tax Payment
3. Quarterly Income Statement
4. Quarterly Balance Sheet
5. Quarterly Cashflow Statement

Annual Administrative Compliance Work & Reports

1. Annual Financial Statements – SEC
2. General Information Sheet – SEC
3. Minutes of the Meeting, Annual Stockholders Meeting – SEC
4. Income Tax Return
5. Audited Financial Statements – BIR
6. Community Business Permit