Malik GroupOF SERVICESExplore all 15 accounting service areas and 5 software focus areas. Detailed descriptions show the scope and purpose of each area.
Daily records, ledgers and transaction support.
Organize and classify financial transactions into a consistent set of accounts. Build a clear foundation for reviewing business performance and financial position. Work can include reviewing account classifications, recording adjustments and preparing balances for the relevant period. A consistent accounting structure connects everyday transactions with the information used in business decisions.
Maintain day-to-day records of receipts, payments, purchases and sales. Keep supporting documents connected to entries so records are easier to trace and review. This includes keeping transaction dates, descriptions and document references in a usable format. Regular record maintenance helps identify missing information and prepare for reconciliation and reporting.
Maintain the central record of account balances and transaction activity. Review classifications and journal entries to support consistent period-end reporting. Supporting schedules and transaction references explain the activity behind each account. A structured ledger supports comparisons across reporting periods and review of unusual entries.
Organize supplier bills, payment schedules and outstanding balances. Track what is due and keep payment records aligned with the ledger. Supplier records, invoice references and due dates can be maintained in supporting schedules. Clear payable information helps review payment priorities and investigate duplicate or unmatched items.
Maintain customer invoices, receipts and open balances. Follow the movement from billing to collection to help businesses see outstanding amounts clearly. Customer balances can be organized by invoice, receipt and ageing period. This provides a basis for reviewing overdue amounts, resolving allocation differences and planning collection follow-up.
Organize payroll inputs, calculate pay from agreed records and maintain payroll schedules. Reconcile payroll entries and supporting information for review. Work can include organizing employee pay inputs, deductions and the connection between payroll schedules and accounting records. Calculation rules and review responsibilities are agreed for the relevant business location.
A connected view of balances, performance and cash.
Prepare structured summaries of financial activity and account balances. Present income, expenses and financial position in a clear format for business review. The scope can include profit and loss information, balance sheet schedules and supporting account summaries. Reports are organized around the agreed period and the questions the business needs to understand.
Compare bank statement activity with recorded cash transactions. Identify timing differences, missing entries and unmatched amounts so balances can be explained. Work checks deposits, withdrawals, charges and transfers against the ledger for the relevant period. A documented reconciliation explains the difference between statement balances and recorded cash.
Compare ledger balances with supporting schedules and records. Investigate differences and document adjustments to keep account information consistent. Work may compare subledgers, control accounts and individual supporting statements. Documenting differences provides a basis for reviewing balances and approving necessary corrections.
Review financial statements, trends and relationships between key figures. Turn detailed accounting information into useful observations about business performance. The focus can include revenue changes, cost patterns, margins and movements in key balances. Clear commentary helps explain what the figures show and which questions deserve closer attention.
Track cash coming in and going out, along with near-term payment commitments. Organize receivables and payables to support informed day-to-day cash decisions. Cash schedules can highlight expected receipts and planned payments using the available records. This supports a clearer view of immediate cash commitments and the effect of outstanding balances.
Organized information for the applicable tax requirements.
Organize financial information for tax-related work according to the applicable jurisdiction. Confirm the business context and scope before preparing calculations or schedules. Records need to reflect the business type, reporting period and taxes involved. A clearly agreed scope identifies the documents required without assuming the same rules apply in every market.
Bring together income, expense and supporting records for return preparation. Review completeness and organize the information needed for the agreed tax filing process. This can involve arranging source documents, checking totals and connecting tax working figures to underlying accounts. A structured preparation file makes information gaps and items requiring review easier to identify.
Organize taxable sales, purchases and relevant tax records. Prepare supporting calculations based on the business location and applicable sales tax requirements. Schedules can connect sales and purchase information with relevant tax amounts and reporting periods. Classifications, rates and jurisdiction-specific treatment are confirmed as part of the agreed scope.
Summarize relevant income, allowable expenses and supporting documentation. Prepare income tax working schedules for the applicable individual or business context. Work can bring together income categories, expense records and calculations needed for review. The treatment of individual items depends on the taxpayer’s circumstances and the applicable jurisdiction.
Tool-specific proficiency, product versions and availability are discussed before an engagement.
Spreadsheets for organizing financial data, calculations, reconciliations and reporting schedules. Discuss the workbook structure and level of support your workflow needs. Financial workbooks can combine transaction lists, formulas, lookups and summary tables in one reviewable file. The exact spreadsheet support and complexity are agreed around the task rather than assumed from the software name.
Accounting software for transaction records, invoicing, expenses and financial reports. The suitable workflow depends on your edition, business setup and reporting requirements. Tasks may involve transaction classifications, customer and supplier balances, bank activity and standard reports. Access, edition-specific features and the required level of support are confirmed before an engagement.
Cloud accounting software for bank feeds, invoices, bills and financial reporting. Discuss your current setup and the specific bookkeeping tasks you need supported. Workflows can connect bank transactions, supporting documents and reports used for business review. Required tasks and product-specific support are discussed in the context of your current Xero organization.
Business accounting software used for ledgers, vouchers, inventory and tax-related records. Confirm the product version and required workflow before work begins. Work may involve understanding how entries and account groups connect to business reports. Version-specific functions, local requirements and the appropriate level of support are confirmed before work is agreed.
Enterprise software with finance processes for ledgers, payables, receivables and reporting. Confirm the relevant modules, access and task scope for your organization. A useful starting point is identifying the finance process, reporting need and available records. Product-specific support, access restrictions and the level of work required are agreed before an engagement.
Tell us about your business, your records and the support you need.