Accounting Support & Special Projects

BVE Consult is widely recognized for timely and thorough interim, and special bookkeeping projects. We provide accurate, comprehensive bookkeeping services to support businesses and individuals. Our services include:

• Bookkeeping
  
  
  • Revenue Filings and client invoicing
  • Account reconciliations
  • Keeping other subsidiary ledgers including fixed assets and inventory
  • Preparation of statutory financial statements at the end of each accounting period to be audited by an independent auditor.
  
  
• Reporting
  
  
  • Improve quality of annual budget process
  • Submission of trial balance, income statement and balance sheet in an agreed format on a monthly basis
  • Financial analysis and visual reports to provide the insights you need to grow your business
  • Cashflow statement – Track every transaction and trends in real-time
  • Working Capital Management ("WCM") – Support your business to implement initiatives that release working capital and increase liquidity for strategic investments or debt reduction
  
  
• Payroll Services
  

  Our Payroll services make it easy to;

  
  
  • Hire and onboard employees using our offer letter templates, checklist and other resources
  • Pay employees – Leverage our tools to calculate and file your payroll taxes. We also support you to plan your benefits scheme to optimize taxes
  • Insurance and Health benefits recommendations that fit your budget and hardworking team to help keep them happy


• Special Projects
  
  

  If you’re feeling disorganized and way behind on your financials, don’t sweat it. We can complete months (or even years) of overdue bookkeeping—fast. We support you with:

  • Clean-up data entry
  • Bank reconciliations
  • Internal controls
  • Software conversions

Tax Planning & Preparation

At BVE Consult, we know that tax planning and strategy can be overwhelming. Our team have decades of experience and specialized knowledge in all aspects of taxation. This enables us to provide comprehensive services that guide clients to optimize taxes and reinvest that money into their businesses.

What we offer includes:

• Tax consulting, including planning and reduction strategies
• Tax Returns and Compliance (Withholding Taxes, VAT, PAYE, Corporate Income Taxes etc.)
• File claims for tax credits at the Ghana Revenue Authority (GRA)
• Support you during your tax audits conducted by the Ghana Revenue Authority (GRA)

Audit and Assurance

Our audit approach, at the leading edge of best practice, is tailored to suit the size and nature of your organization and draws upon our extensive industry knowledge. We serve our clients around the following priority areas:

• Statutory audit for private sector entities including SMEs
• Internal audit
• Audit of Non-Governmental Organizations
• Fund/grant management in respect of donor-funded projects
• Systems Process Assurance including risk management, IT systems and IT operations management

Every engagement is considered unique and executed to ensure value creation:

• Shareholders and other Stakeholders - Provide independent opinion and reports that add credibility to financial information
• For Audit Committees - Assistance in discharging their corporate governance and compliance responsibility
• For Group Reporting - Clearance to group auditors in order to meet group reporting requirements
• For Management - Observation and advice on financial reporting and business issues from professionals who have in-depth knowledge and understanding of your business and industry

Advisory & Business Consulting

We help clients to work smarter and grow faster by partnering with them to develop effective solutions that are innovative, reduce costs, increase profits, manage risk, improve regulatory compliance and develop their top talents through trainings. We serve you in various ways such as

• Software Setup
  • Selection of software that is cost effective and optimal for your accounting needs
  • Planning and implementation of ERP within tight budget
  • Chart of account setup
  • Data cleanup and beginning balance entry
  • Training


• Business Development

  Our Business Development services provide a framework that allows companies to assess where they stand today and improvements needed to scale their operations. Our solution focuses on helping companies to describe their value creation in the short, medium and long term. To make our solutions effective, companies also need to generate relevant and reliable information in the first place, and have an objective way of measuring their progress towards more integrated reporting. Our specialists support clients to find answers to tough and reflective questions for;

  
  
  • Current state evaluations Experts in hosting working sessions that help you and your stakeholders find out if you Would invest in your company or choose to work for it based on what is presented externally Have the market insight and non-financial information needed to stay ahead You are aware of your competitors’ best practices, industry and global trends creating gaps in your operations, supply chain, etc.
  • Management - We partner with you to Develop a blueprint for the future, reflecting risks and opportunities across the value chain Identify material issues that need to change to exceed customer expectations and Develop a roadmap to get buy-in from your key internal and external stakeholders
  • Implementation of Integrated Reporting We understand the importance of tracking results of your transformation journey across its life cycle. In this regard, we help you to; Design and implement an integrated reporting framework aligned to your strategic priorities Measure your total impact along your value chain to enhance the credibility in your investments in change management and achievement of your corporate vision/ mission statements


• Data and Analytics

  If you’re making decisions, trusting data shouldn’t be holding you back. You’ve already got the gut instinct and business experience to make good decisions. When you get access to data-backed deals insights that show you options you couldn’t see before, you can take your confidence to the next level.

  
  

  We provide integrated, end-to-end digital tools and solutions that boost capabilities of business executives to make their decision-making faster and harness the power of data and analytics to;

  
  
  • Gain insights that fuel Innovation – Bring ideas to life that don’t exist today using our emerging technologies
  • Transform current strategies to improve business performance – Deliver software for opportunity visualization and disruptive business models
  • Explore opportunities in Digital marketing and e-Commerce platforms to gain market share in new customer segments
  • Implement Chat Bots to deliver a more personal and personalized customer experience


• Training

  As an entrepreneur, you likely have little time and even less money to invest in self-improvement. After all, you’re already dedicating every spare moment to building your business. Continuing education might be the last thing on your mind. BVE Consult offers clients opportunity to learn from top notch instructors who deliver onsite or virtual training programs. The contents are designed to be very practical, hands-on and tailored to reflect the demands of our clients and their teams. Participants are assured of earning certificates from reputable organizations upon successful completion. The trainings cover a broad range of areas in Finance, Marketing, Operations, Accounting such as;

  
  
  • Entrepreneurial Marketing
  • Excel for beginners
  • Project Management
  • Small business administration
  • Innovation, markets and industrial change
  • Conducting a thorough market assessment
  
  

  Participants become knowledgeable and equipped to;

  
  
  • Understand branding and go-to-market strategies
  • Manage people through motivation and reward systems
  • Read income statements, balance sheets, and cash flow statements
  • Analyze and improve business processes in retail, services or manufacturing

Asset Management

At BVE Consult, we provide tamper proof asset tags, aluminum asset tags and all fixed asset tagging services in Ghana. Our asset tagging solutions is well-developed to help clients recover their investment quickly through theft deterrence, efficiency improvements, and increased resource management We help clients to deploy asset tagging best practices to:

• Provide identification
• Generate inventory reports and ease audits
• Operate more efficiently and improve productivity
• Reduce theft and track equipment
• facilitate maintenance
• Automate consumer requests
• Locate items in transit or a warehouse

Assets that need tags include;

Inventory: Our retail clients enjoy real-time, detailed visibility into their inventory and ensure accurate physical inventory counts, implement controls to eliminate stock outs and write-offs, manage supply chain as well as monitor inventory trends and stock levels to improve working capital.

Computers and peripherals: Laptops, desktops, monitors, external hard drives, and more are listed in this category. In the long run, tagging and tracking these items helps you see the big picture and make purchasing decisions based on how assets are used.

Office equipment: Capital items such as phones, printers, TVs, and conference equipment should be tagged to help track expenses for accounting and tax purposes.

Appliances: Common appliance assets include refrigerators, microwaves, water heaters, dishwashers, air conditioners, and so on. The larger of these appliances have a significant cost and have specific maintenance requirements. Tracking these items will help account for costs, depreciation, and ensure that maintenance is performed when needed.

When you scan the code, you get essential information about the item:

• what it is
• where it is
• where it’s been
• how it’s performing
• where it needs to go next

Our asset tagging technology forms include:

• QR codes Since QR codes are smartphone-friendly, these are the fastest rising and most distinctive form of labels. They usually consist of a box contrasted against a black background.
• Barcodes These are the traditional horizontal identifiers that have been relied upon in retail establishments for decades. While demanding low initial costs, they can store less information than QR codes.
• RFID The acronym stands for Radio Frequency Identification, which means the labels are scannable from inside an object. They rely on an electromagnetic field to beam their data to the receiver. RFID is most appropriate for access control, vehicles, and material tracking. If your pet is microchipped, RFID technology is at work

We use a variety of materials to print asset tags such as metal, polyester, plastic, vinyl and paper among others.
Metal (anodized aluminum) tags are the most common and are generally preferred due to their durable nature.

We also provide tags with various adhesives at different costs, for example self-sticking adhesive and acetone activated adhesive.

• Pre-tagging verification In case our client do not have an existing asset register or even the estimate of the assets that require tagging in various categories, we assist in verification for the purpose of estimating the number of assets in various asset classifications. This helps us to ascertain the number of tags that are required in the asset tagging process.
• Asset Register Development During asset tagging details of the assets are gathered; name, serial number, location, department, custodian, picture among others and compiled to an asset register
• Assets that require tagging All loose assets such as computer and accessories, machinery and tools, office equipment, furniture and fixtures, motor vehicles among others

Liquidations

A tough economic climate, rapid market changes, new competitors, disruptive technologies, strategy errors, forex fluctuations – any or all of these can plunge a company into serious financial distress. Left unaddressed, they may threaten corporate survival.

How we can help you

• Independent Business Review - We can quickly identify problems in troubled and underperforming businesses and develop viable options
• Restructuring and Turnaround - We deliver restructuring solutions for swift recovery and sustained future success through a plan of action in partnership with management, creditors and other stakeholders
• Non-Performing Loans - We advise on disposal or purchase of non-performing loans. Our services include conducting financial due diligence and portfolio reviews, preparing information memoranda on asset valuations and disposal options, identifying potential investors, and facilitating sale negotiations and deal completion
• Insolvency - We act as receivers, administrators or liquidators or we may act as advisor to parties involved in voluntary arrangements, administrative receivership and compulsory or voluntary liquidations