About Soft Accounting

The “Soft Accounting Services” is a group of professional and experienced accountants and lawyers , established in 2006, dealing with the Accounting Consultancy and Management Services.

We provide solutions for:

  • Implementing Accounting System
  • Accounting and Bookkeeping services
  • Preparation of Financial Statements
  • Internal/External Audit Services
  • Income Tax & Sales Tax Services
  • Costing & Profitability Analysis
  • Budgeting & Forecasting
  • Import & Indenting matters
  • E-Commerce
  • All Corporate matters of SECP, FBR and others.

for Small and Medium size local companies, Traders, Manufacturers, Importers, exporters, Non Profit Organizations and other sectors in accordance with International accounting standards, Company law, Business Law, Tax Law and other law applicable in Pakistan.

 

ACCOUNTING SERVICES DETAIL

1- Implementing Accounting System

 Accounting System implementation include:

  • Data conversion from other accounting software or manual records to new accounting software.
  • Configuration of templates and forms containing default settings (e.g. reports, chart of accounts).
  • Customized Reports according to requirements.
  • Staff Training and help documentation

2- Accounting and Bookkeeping services  

  Accounting and Bookkeeping services included

  • Accounts payable
  • Accounts receivables
  • Maintaining General ledger
  • Payroll processing
  • Expense classification
  • Sales Invoices
  • Bank account reconciliation
  • Budgeting & Forecasting
  • Financial statements & custom reporting
  • Inventory management
  • Material Requirement Planning
  • Work in process (WIP)
  • Fixed asset management
  • Working Capital Management

Monthly Reports

        Monthly Reports Includes:

  • Balance Sheet
  • Income Statement – Monthly
  • Income Statement – Year to Date
  • Income Statement by Custom
  • Cash Flow Statement
  • Accounts Receivable Aging
  • Accounts Payable Aging
  • Inventory Reports
  • Accrued Expenses
  • Vendor Ledger
  • Customer Ledger
  • Sales Register
  • General Ledger

3- Income Tax, Sales Tax Services

  • Registration (Income Tax, Sales Tax, PRA, PST)
  • E-Filling of Monthly Withholding Income Tax Return/Statement
  • E-Filling of monthly / Annually Sale Tax Return.
  • E-Filling of Annual Income Tax Returns
  • Handling with Legal Notices

4- Internal/External Audit Services

We have the facility of internal and external audit by professional accountants.

Internal Audit:

  • To review an organization’s business processes
  • Protect against fraud and theft of the organization’s assets
  • To Ensure that the business enterprise is complying with applicable laws and requirements
  • Make recommendations on how to improve internal controls

External Audit:

External Audit is to provide an independent opinion to the shareholders on the truth and fairness of the financial statements, whether they have been properly prepared in accordance with the Companies Act and accounting standards. We have the facility of external audit by Chartered Accountants  and issue audited reports by exception to the shareholders according to requirements of SECP and other Laws.

5- Costing & Profitability Analysis

  • Product Costing
  • Profit Margin Analysis
  • Pricing Analysis
  • Inventory Valuation
  • Production Planning
  • Material Requirement Planning
  • Cost Control
  • Assisting In Decision Making

6- Budgeting & Forecasting

  • Planning – outlines the company’s financial direction and expectations for the next three to five years.
  • Budgeting – documents how the overall plan will be executed month to month, specifying expenditures.
  • Forecasting – uses accumulated historical data to predict financial outcomes for future months or years.

7- Import & Indenting matters

  • Imports Planning
  • Import Procedure
  • Process of Letter of Credit or Bank Contract
  • Shipping Documents
  • Freight Forwarding
  • Custom Clearance
  • Managing WEBOC

8- All Corporate matters of SECP, FBR and Others.

  • Registration of a Company
  • Registration of a Firm
  • Filling of Form A and Form 29
  • All other legal and corporate matters