Relay Bookkeeping

• Simplify your bookkeeping process.
• Manage & monitor your company's accounting online, anywhere & anytime, using the simplest cash flow accounting logic of them all.
• Professionalize your government compliance reporting and adherence.
• Get an accurate internal financial statement more timely, periodically.

Client Issues or Product Needs

• Complex Accounting. Oftentimes an accounting system is not able to help entrepreneurs or managers run the cash flow of their companies because full accounting software suites are difficult to run and maintain, oftentimes much delay is needed to generate even the simplest of reports. Cashflow reports are neither late nor straightforward enough to give one a helpful overview of the company's real cash flow health. This complex accounting setup end up adding burden to managers instead of making the managing of their business simple.
• Traditional Bookkeepers. Due to old and unprofessional bookkeeping practices, most bookkeepers are unable to give you reliable cash flow reports.  Bookkeepers have mostly been relegated to accomplish the usual government compliance activities like settling business permits, income and other taxes, and SSS etc. If a bookkeeper is asked to furnish one a regular cash flow report or internal financial statements, chances are they are unable to give a timely and accurate report of how your business is really doing cash flow wise.
• Bank Book Accounting. Most entrepreneurs and managers manage the finance portion of their business via their passbooks. They consider the beginning balance of the month and the ending balance at the end of that month. As long as the ending balance is bigger than the beginning, they are happy to close their passbooks and keep them. However, there is much more to observe in your finances than just the bank book balances of your business. There are of course the sales per product or category or branch, cost of sales or cost of service, overhead expenses, and, other non operating expenditures that tell much whether the business is doing good or not. You would also naturally want to know where precisely your money is going to or coming from.
• Major Technology and Manpower Investment. When businessmen think of professionalizing accounting or bookkeeping, more often than not it would involve major investments in technology – software and servers, and manpower – complicated accounting setups eat up a lot of manpower resources from IT maintenance personnel to encoders and accountants. It is also often very expensive to justify the move.

Upgrading Opportunities

• Professionalize your bookkeeping process.
• Take total control of your cash flow and understand accurately where your money came from and where your money goes.
• Spot financial trends in your business effectively and timely.
• Know when to be aggressive and when to be conservative. Know when to risk and how much to risk.
• Achieve all these at the fraction of the cost of traditional professional bookkeeping set ups.
• Get started in 7 days tops!

Service Inclusions

• Online Relay System for Bookkeeping
• Monthly Recurring Services
• Data Capture, Treatment and Organization 

Sales Accounts - Collection Accounts – Disbursements - Accounts Receivables - Account Payables

• Accounting Implementation

Sales Accounts - Collection Accounts – Disbursements - Accounts Receivables - Account Payables

• Business Reporting

Cashtrack Statement - Profit & Loss Statement - Cashflow Statement - Comparative Reports

• Government Compliance Activities
• Monthly Recurring Administrative Work & Reports
  
       • Book Of Accounts – General Ledger
       • Book Of Accounts – Sales Journal
       • Book of Accounts – Disbursement Journal
       • Alpha List – List of Taxes Withheld
       • Alpha List – List of Certificates of Withheld Taxes
       • Value Added Tax Form
       • Tax Withholding Report on Employees
  
  Quarterly Recurring Administrative Work & Reports
       • Income Tax Returns
       • Quarterly Community Business Tax Payment
       • Quarterly Income Statement
       • Quarterly Balance Sheet
       • Quarterly Cashflow Statement
  
  Annual Administrative Compliance Work & Reports
       • Annual Financial Statements – SEC
       • General Information Sheet – SEC
       • Minutes of the Meeting, Annual Stockholders Meeting – SEC
       • Income Tax Return
       • Audited Financial Statements –  (The Audit component of the Relay Service is not included and shall be done by an independent Auditor duly accredited by the SEC and the BIR. Our company is not responsible for the external audit requirement of the BIR. However, we will manage the external audit process for you if requested using our network of External Auditors.)
  
• Special Requests

Accounting Data Mining - Special Accounting Reports - Participation in Business Reviews as Requested