BOOKKEEPING
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GODOI CONSULTING
GODOI CONSULTING BOOKKEEPING SERVICES
At Godoi Consulting, precision and peace of mind define our bookkeeping services. Our experienced team delivers comprehensive, tailored bookkeeping solutions for your business.
We ensure meticulous accuracy in every transaction, from managing accounts payable and receivable to reconciling bank statements and generating financial reports. Our commitment to detail and professionalism guarantees reliable financial records, empowering you to make informed decisions and drive growth.
Partner with Godoi Consulting today for peace of mind, knowing your financial matters are in capable hands. Let’s journey together toward financial clarity and success.
And for such we follow the steps below:
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1. ESTABLISHING A CHART OF ACCOUNTS
• Begin by setting up a chart of accounts that categorizes financial transactions into specific accounts. This includes assets, liabilities, equity, revenue, and expenses.
• Customize the chart of accounts according to your business’s needs and industry requirements.
2. RECORDING FINANCIAL TRANSACTIONS
• Document all financial transactions systematically and promptly. This includes sales, purchases, expenses, income, and any other financial activities related to the business.
• Ensure that each transaction is supported by relevant documentation such as invoices, receipts, bank statements, and contracts.
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3. IMPLEMENTING DOUBLE-ENTRY BOOKKEEPING
• Utilize the double-entry bookkeeping system where each transaction affects at least two accounts, with one debit entry and one credit entry.
• Maintain the balance of the accounting equation: Assets = Liabilities + Equity by accurately recording debits and credits.
4. ADHERING TO BRAZILIAN ACCOUNTING STANDARDS
• Comply with Brazilian Generally Accepted Accounting Principles (BR GAAP) or International Financial Reporting Standards (IFRS) as mandated by law.
• Ensure that all financial statements, including balance sheets, income statements, and cash flow statements, adhere to these standards.
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5. ENSURING TAX COMPLIANCE
• Maintain detailed records for tax reporting purposes, considering various federal, state, and municipal taxes applicable in Brazil.
• Ensure timely and accurate payment of taxes, including Corporate Income Tax (Imposto de Renda da Pessoa Jurídica – IRPJ) and Social Contribution on Net Profits (Contribuição Social sobre o Lucro Líquido – CSLL).
6. MANAGING PAYROLL ACCOUNTING
• If your company has employees, maintain accurate records of payroll transactions such as salaries, wages, bonuses, and withholding.
• Comply with labor laws regarding payroll taxes, social security contributions (INSS), and employee benefits.
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GET A FREE CONSULTATION
Take the first step towards success with a complimentary consultation from our expert team. Whether you’re seeking tailored strategies or innovative solutions, we’re here to listen, analyze, and provide insights to propel your business forward.
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7. PREPARING FINANCIAL STATEMENTS AND REPORTS
• Regularly generate and analyze financial statements to assess the company’s financial performance and health.
• Prepare comprehensive reports to provide insights into the company’s financial position, profitability, and cash flow.
8. STAYING UPDATED WITH REGULATORY CHANGES
• Keep abreast of any changes in accounting regulations and tax laws in Brazil to ensure ongoing compliance.
• Seek professional assistance from accountants or financial advisors if needed to navigate complex regulatory requirements.
By following these steps and maintaining accurate records, businesses can effectively manage their bookkeeping processes in Brazil while ensuring compliance with legal and regulatory obligations.
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OUR ACCOUNTING SERVICES INCLUDE
• Full-scale Accounting Management: From record-keeping to tax compliance and financial reporting, we handle all aspects of accounting to ensure accuracy and adherence to Brazilian standards.
• Partial or Full Accounting Services (On Request): Our flexible solutions cater to your specific needs. Whether you require assistance with select accounting tasks or comprehensive management, we ensure compliance and offer detailed financial insights to inform your business decisions.
• Payment of Bills: On request, we manage bill payments efficiently, ensuring timely settlements and maintaining good relationships with suppliers.
• Provision of Financial Statements: We prepare detailed financial statements, including balance sheets, income statements, and cash flow statements, to provide a clear overview of your business’s financial performance.
• Bank Account Services: We offer comprehensive assistance in opening and managing bank accounts, facilitating smooth banking operations for your business.
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OUR BANK SERVICES INCLUDE
• Bank Introduction and Account Establishment: We assist in establishing bank accounts in major currencies, including international banks within Belize and other jurisdictions.
• Liaison with Banks: We communicate with banks on your behalf, ensuring a seamless process from account opening to management.
• Compliance Assurance: We prepare necessary documentation and ensure compliance with financial regulations, guaranteeing smooth and efficient banking operations.
• Payment of Bills: We efficiently manage your financial obligations, ensuring timely payments of bills and invoices. By maintaining good supplier relationships and avoiding late fees, we contribute to the smooth operation of your business.
• Financial Statements:We prepare comprehensive financial statements, including balance sheets, income statements, and cash flow statements. These reports are crucial for regulatory compliance, financial analysis, and strategic planning, providing valuable insights into your business’s financial health.
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GODOI CONSULTING COMMITMENT
At Godoi Consulting, we are proud to deliver our services with deep expertise, strong responsibility, and a commitment to efficiency.
Our experienced team provides tailored solutions to meet your unique needs, ensuring every project is managed with care, precision, and a focus on achieving the best results quickly.
We prioritize client communication and satisfaction, ensuring a seamless and efficient process to help your business thrive, contact us today and let’s discuss how we can drive your success forward.