Our services

Our professionalism covers the following services:

  • Business Advisory & Taxation Services
  • Bookkeeping & Accountancy Services
  • Office Supplies, Office Furniture, Stationery and Data Handling Equipment
  • Internal Controls & Auditing
  • Training & Development
  • Business Registration and Start-up Services

 

 

a)     Business Advisory & Taxation Services

 

Our role is to help organizations navigate their way through all the important aspects of running your business. Whether it is developing feasibility business plans, financial planning, general business advice, tax and statutory returns related services, final account or financial statement preparation.

 

We don’t want to only make sure our clients comply, but to make sure your affairs are structured in the most effective way.

 

Our professional services spread across the following:

  • Feasibility Business Plan
  • Financial Planning, Cash Flow Projections
  • Budgets & Budgetary Control
  • Financial Management
  • Payroll Accounting
  • Relating to Tax Returns:
    • VAT/NHIS Returns
    • WHT Returns
    • PAYE Returns
    • Personal Tax Returns
    • Capital Allowance
    • Corporate Tax Returns
  • Relating to Statutory Returns:
    • PAYE Returns
    • SSNIT Returns (Tier 1)
    • Trustee Returns (Tier 2 & 3)

 

 

b)     Bookkeeping and Accounting Services

The Problem (without Accounting)

Setting up a small or medium enterprise involves multiple challenges. One such challenge right at the beginning is setting up a sound and reliable accounting department. Accounting is a function that forms the core of any business set up across all trades. Business decisions rely heavily upon the financial information at all stages from planning to execution. Efficient bookkeeping and financial control ensures the business runs smoothly and similarly all future growth is possible only if the books are in order. Data, statements and projection are all vital financial figures to which an entrepreneur must have ready and round the clock access for sound business performance. 

 

The Opportunity (with Accounting)

Apart from hiring and setting up an accounting department, modern business climate offers you the choice to hire professional and experienced accounting outfits for an affordable price. Accounting firms that operate as outsource partners provide reliable financial services at relatively lower costs and give you the benefit of sound and efficient accounting without the headache of running a full department. The quality of work and the experience made available by these accounting firms to their clients may otherwise be unaffordable and outside the reach of many smaller businesses.

 

The Solution

If you are starting out in your business, engaging an accounting firm provides you the opportunity to avail the services of qualified specialized resources without the burden of hiring people and running the office. And in case you already have an established financial services department, outsourcing part of the work can help in reducing and managing the workload and increase efficiency. According to a recent estimate, outsourcing your accounting work can reduce your business cost by as much as 40 per cent. Hiring a specialist accounting firm does not only bring your running costs down but also provides your business with the benefit of an efficient and experienced accounting service. The bottom line is that it saves you the time and effort of poring over financial matters and leaves you free to fully concentrate on running your business. 

 

We offer comprehensive bookkeeping and accounting services to micro, small and medium-sized enterprises (SMEs) including non-government organizations who wish to outsource their accounting function. Bookkeeping includes the day to day business transactions like customer payments, bills, invoices, bill payments, disbursements and withdrawals. We maintain ledgers for accounts receivable, accounts payable and cash account and produce daily or weekly reports according to the clients’ preference.

 

We provide the following services:

  • Bookkeeping & Data Entries
  • Financial Accounting
  • Relating to Management Accounts:
    • Payroll Accounting
    • Financial Management Reports
  • Cash & Bank Reconciliation
  • Relating to Financial Statement (Final Account):
    • Statement of Profit or Loss
    • Statement of Financial Position
    • Statement of Changes in Equity
    • Statement of Cash Flow
    • Notes to Accounts

 

Deridan Associates has a dedicated and experienced team that is ready to take on the role of your accounts department and all your accounting needs, you can ensure a step in the right direction.

 

 

c)     Office Supplies, Office Furniture, Stationery and Data Handling Equipment

Whether you’re at work, home or school, you need basic office supplies. Keep your desk and supply cabinet stocked with the right office products that help your office running smoothly, having the proper office supplies on hand is vital.

 

Our Office supplies products include

  • Blank sheet paper:
    • Various sizes from small notes to letter and poster-size;
    • Various thicknesses from tissue paper to 120 pound;
    • Construction paper;
    • Photocopier and inkjet printer paper;
  • Pre-printed forms:
    • Time cards, Vouchers
    • Desk and wall calendars;
  • Label and adhesive paper:
    • Name tags, File folder labels,
    • Post-it notes, and Address labels;
  • Media:
    • Ink and toner cartridges;
    • Memory cards and Flash drives;
  • Communications equipment:
    • Desk telephones, Cell phones,
    • Wi-fi adapters, Ethernet cable,
    • Network routers and switches;
  • Paper in roll or reel form:
    • Label tape,
    • Fax machine thermal paper, and
    • Adding machine tape;
  • Educational and entertainment items:
    • Books (business, time management and self-help),
    • Business application and game software,
  • Mechanical fasteners:
    • Paper clips, Binder clips, Staples;
  • Chemical fasteners:
    • Transparent tape and Glue
  • Comestibles:
    • Coffee, Cookies, Candy,
    • Chips, Meat pie and Other snacks;
  • Janitorial supplies:
    • Mops, Buckets, Wastebaskets, Recycling bins, Brooms,
    • Soap, Air fresheners, Disinfectants, Detergents,
    • Paper towels and Toilet paper;
  • Merchant supplies:
    • Price tags;
    • Cash registers;
  • Small machines:
    • Hole punches, Rubber stamps, Staplers,
    • Pencil sharpeners and Laminators;
  • Containers:
    • Binders, Envelopes, Boxes,
    • Shelves, and Desk organizers;
  • Writing utensils and corrections:
    • Pens, Pencils, Paints, Markers, Correction fluid,
    • Correction tape, and Erasers;
  • Higher-cost equipment:
    • Computers, Printers,
    • Fax machines and Photocopiers;
  • Office furniture:
    • Chairs, Cubicles, Anti-static mats, Rugs,
    • Filing cabinets, and Armoire desks

 

d)     Internal Controls & Auditing Services

 

Statutory External Auditors

Our Associate Firm, Deridan Associates with alliance with other accredited firms registered as a Charted Accounting Firm are committed to independent, efficient, effective and comprehensive audits. We provide quality assurance services to help ensure that our clients’ financial statements meet the regulatory and business requirements as well as to lend credibility to the company’s financial statements for our clients.

 

Independent Internal Auditors

We offer our services as independent internal Auditors to micro, small and medium-sized enterprises (SMEs) including non-government organizations. We analysis both the operational and internal accounting controls of our clients and their customers (both potential and existing customers) and issue reports to Management/Board of Directors to assist them manage and run their companies better.

 

We do the following:

  • Internal Controls Setup
  • Financial Audits
  • Inventory Audits

 

e)     Training & Development

We provide a wide range of training programmes to our clients and their staffs in the following:

  • CIMA UK Professional Exams Classes (with Light & Life Business School)
  • Microsoft Office Training
  • Tally ERP 9 Training

 

 

f)      Business Registration and Start-up Services

We provide a wide range of services to assist start-up businesses. From developing feasibility business plans, assisting in opening corporate bank account, selecting, registration and licensing the form of entity for the business for instance, SoleProprietorship, Partnership, Companies Limited by Shares and Guarantee. Our firm provides practical and comprehensive support for deciding which entity best suits a particular business situation.

We assist our clients to avoid the common difficulties that many entrepreneurs face when starting their new venture.

 

We provide the following services:

  1. Relating to registration/statutory:
  • Application to Registrar General’s Department for Taxpayer’s Identification Number (TIN) and Trademark Registration
  • Registration with Ghana Revenue Authority (GRA) for Value Added Tax Service (VAT Service)
  • Change of business name
  • Converting from Sole Proprietorship to Limited Liability Company
  • Filing of annual returns or annual renewals

 

  1. Relating to Accounts and bookkeeping:
  • Setting up accounts and bookkeeping
  • Setting up fixed assets register or schedule
  • Cash flowprojections andbudgeting
  • Preparation of feasibility business plan

 

  • Relating to control and procedures
  • Setting up billing and collection procedures to monitor cash flow
  • Establish internal controls and procedures to monitor and control costs

 

Our accounting professionals are highly qualified specialized accountants working on the most up-to-date accounting software programs available to you for an affordable price. We make sure that you can access your data round the clock without any hassles to keep you on top of your finances. Your data remains safe and secure with us. We have taken special measures to safeguard your data against leakage, theft or loss by destruction.