Beierholm Business Service. Accounting - Bookkeeping Payroll Financial Administration and Reporting

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1 Beierholm Business Service Accounting - Bookkeeping Payroll Financial Administration and Reporting

2 Beierholm Business Service

3 An obvious advantage for you when your business is too small to take on or pay an in house accountant or bookkeeper want to remove the risk of being vulnerable against an individual administrative staff member becoming ill, going on vacation, taking maternity leave, leaving for another job or a similar situations have seasonal variations of administrative tasks need an efficient and up to date financial management reporting system, 3 January November HLB Mastersæt. Beierholm Power Point

4 The benefits from working with Beierholm Business Service Creating a robust foundation for the financial control and management of your business Providing highly qualified, dedicated and continuous staffing of your accounting function Meeting legal requirements and demands on your business in respect of bookkeeping and financial accounts Providing assurance that tax and VAT regulations are complied with by your business. Business Service of high quality with the built-in flexibility to meet your business ongoing needs. 4 January November HLB Mastersæt. Beierholm Power Point

5 Your advantages in choosing Beierholm The staff of Beierholm is Flexible Efficient Service minded Dedicated All assignments will be staffed with Beierholm personnel holding the relevant and appropriate experience and qualifications carefully matching the right skills with your needs. The Beierholm Business Service staff is supported by colleagues, auditors, accountants and specialists in the fields of: Tax VAT Accounting systems and disclosure regulations It modifications, support, hotline Management support and sparring. 5 January November HLB Mastersæt. Beierholm Power Point

6 At an affordable cost you will gain time to focus on the important matters of your business Our concept is designed to help you with the administration of your business Before we start an engagement letter is drawn up between us clearly describing: The tasks that we will perform and the ones you prefer handling yourself Deadlines agreed The scope and extent of our assignment may be modified as the needs of your business change over time You will have a designated contact person Our services could include accounting assistance such as compilation of monthly management accounts, special purpose financial reports, analysis of actual financial results versus budgets etc. Our fees could be agreed as a fixed monthly fee or a variable fee determined on the basis of time spent Payroll services can be provided at a fixed fee per employee Our services can be performed either at your premises or from our office, whichever suits you. 6 January November HLB Mastersæt. Beierholm Power Point

7 The Beierholm Business Service Features Efficient assistance with accounting, bookkeeping, payroll and financial management information. We will modify and optimise the bookkeeping and reporting processes of your business to best meet your demands Periodic record keeping - daily, weekly, monthly or other intervals as agreed VAT accounting and VAT report filing Accounts receivable processing of account statements and payment reminders, executing dunning procedures Accounts payable uploading payment data ready for your approval Fixed Asset Register, on-going updating Payroll administration and processing including access to HR knowledge Financial management information providing up to date and relevant reports and overview of the performance of your business Global cloud based access to the accounts of your business Electronic or hard copy storage of accounts documentation and vouchers. 7 January November HLB Mastersæt. Beierholm Power Point

8 Overview of the Beierholm Business Services available Standard services General ledger record keeping Accounts receivable/accounts payable recording Accounts receivable/accounts payable follow up and reconciliations Payroll processing Perpetual stock recording Invoice processing Payment processing VAT, payroll and other statutory accounts related reporting and filings Add on services Monthly or weekly management financial reporting Controlling Budgeting Consulting: Administrative systems and processes Internal controls Financial management It Tax and VAT Annual Accounts preparation Preparation of documentation for external audit purposes Accounts may be kept and the bookkeeping performed on either: Your own dedicated accounting system working at your premises or via external link Via web based online accounting system with the possibility of direct access for you or your staff 8 January November HLB Mastersæt. Beierholm Power Point

9 Our way of working

10 Business model our way of working 1. The assignment will be handled by the following Beierholm personnel: Overall responsible; Engagement Partner (State Authorised Public Accountant) Responsible for day to day operation and deliveries; Senior manager monthly follow up with client business Practical execution; 1-2 experienced business service consultants 2. Client business option with respect to use of it-system: We can handle all standard ERP systems being well positioned on the Danish market The assignment may be provided using either the it-system of the client business or the Beierholm it-system 3. Automated solutions are to be incorporated to the greatest extent possible 4. We will provide the services agreed either working out of our own offices or at your premises 5. Fees We may provide the services agreed at a fixed monthly fee or on the basis of time spent, and the scope and extent of our services may be adjusted as we progress, cf. the following slide. 10 January November HLB Mastersæt. Beierholm Power Point

11 Business model (continued) Important conditions: a. We will draft a description of services to be provided including input/output and deadlines b. The scope, conditions and fees may be modified by mutual agreement between the Client and Beierholm with one month s notice from either part c. Fees will be determined on the following basis: Estimated time required to perform the tasks Start up cost estimated at 15 % of the fee for the first year of service Detailed fee notes will be issued on a monthly basis and are payable on receipt Out of pocket expenses incurred by Beierholm in respect of postage, dues for use of payroll and ERP systems etc. will be recharged to the Client Fees will be adjusted annually in accordance with any changes in the Danish general price index. 11 January November HLB Mastersæt. Beierholm Power Point

12 Providing balance We provide balance because we are competent and professional because we care about having close and personal relations because we are modern and innovative 12 January November HLB Mastersæt. Beierholm Power Point

13 Contact information Jan Molin, Partner Tel: Bonnie Clemmens, Business Service Consultant Tel: Beierholm State Authorized Public Accountants Gribskovvej 2, 2100 Copenhagen Ø Tel: January November HLB Mastersæt. Beierholm Power Point