Outsource your Accounting Department to Pillarcraft
Outsourced accounting services involve hiring an external firm to handle your company's financial tasks, including bookkeeping, accounting, payroll, and tax compliance.
As your business grows, managing your finances can become overwhelming and time-consuming, taking your focus away from other important aspects of your business.
This is why more and more growing businesses are turning to outsourced accounting services to help them manage their finances effectively and efficiently.
By partnering with Pillarcraft, you can enjoy the benefits of expert financial management while freeing up your time to focus on growing your business.
Working with Pillarcraft has been a game changer for our business. Their team of experts took the time to understand our unique needs and provided tailored solutions that helped us streamline our accounting processes and save time and money. Highly recommend!" - Tope Masha - North East Children Trust Fund
As a founder, I wear many hats and accounting is not my strong suit. That's why I turned to Pillarcraft for their outsourced accounting services. They've been a reliable partner that has helped me focus on growing my Firm while ensuring that my financials are in order. I can't imagine running my business without them." - Hamu Legal
Pillarcraft's team has been an integral part of our business. They've helped us navigate the complexities of accounting and provided valuable insights that have helped us make informed decisions. Their service has been exceptional and we've seen great results." - Sarah, CEO MMand O
Bronze | Silver | Gold | ||
N150,000.00 (Inclusive of VAT ) |
N250,000.00 (Inclusive of VAT) |
N350,000.00 (Inclusive of VAT) |
||
Bookkeeping and Accounting | ||||
Monthly Bank Account Reconciliation |
Up to 5 Bank Accounts | Up to 8 Bank Accounts | Up to 12 Bank Accounts | |
Monthly Management Account delivered maximum by 10th of the following month. | Yes | Yes | Yes | |
Payroll | ||||
Monthly Payroll Computation, including Loan management, Pension, and NHF | Up to 10 Employees | Up to 30 Employee | Up to 50 Employee | |
Monthly employee Tax Computation | Yes | Yes | Yes | |
Monthly employee Tax return | Yes | Yes | Yes | |
Annual Employer Return to State Government | Yes | Yes | Yes | |
PAYE Monitoring representative | No | Yes | Yes | |
PAYE Audit representative | No | Yes | Yes | |
VAT and WHT Monthly Tax Compliance | Monthly VAT Computation | Yes | Yes | Yes |
Monthly WHT risk review | Yes | Yes | Yes | |
Monthly VAT Return | Yes | Yes | Yes | |
Monthly WHT return to State IRS and FIRS | Yes | Yes | Yes | |
Support for VAT Monitoring Visit | Yes | Yes | Yes | |
Support for VAT and WHT Audit | No | Yes | Yes | |
Business Peformance review meeting | Frequency of Meeting via zoom / Google | Quarterly | Monthly | Monthly |
Physical Meeting | No | Half Yearly | Quarterly | |
CFO Support | Budget and Cashflow | No | No | Yes |
Variance Analysis | No | No | Yes | |
Annual Financial Statement Compilation | Annual Financial Statement Compilation for Audit | No | No | Yes |
Annual Tax Computation | No | No | Yes | |
Support | Client Portal | Yes | Yes | Yes |
Email Support | Yes | Yes | Yes | |
Phone support | During working hours | During working hours | 24/7 | |
Initial consultation: Our team will schedule an initial consultation with the client to understand their business operations, goals, and challenges. During this consultation, we will ask questions to gather information about your current accounting system and processes.
Proposal and agreement: Based on the information gathered during the initial consultation, we will provide a proposal outlining the recommended accounting package and the associated fees. Once the client agrees to the proposal, we will sign an agreement.
Onboarding form: We will provide the client with an onboarding form to gather all the necessary information to set up their accounting system. The form will cover the client's business structure, tax ID numbers, and contact information.
Data gathering: Once the onboarding form is completed, our team will gather all the necessary data and information to set up the client's accounting system.
Cloud Accounting software setup: We will set up the client's accounting software and configure it for their business needs.
Service setup: Our team will set up the client's bookkeeping and accounting system, including a chart of accounts, expense categories, and more base on the package the client selects
Training: We will provide the client with training on how to use their new accounting system and software.
Ongoing support: Our team will provide ongoing support to the client to ensure their accounting system runs smoothly and efficiently.
Q: What is outsourced accounting?
A: Outsourced accounting involves hiring an external accounting firm to manage your financial records and accounting processes instead of hiring an in-house accountant. This can include bookkeeping, financial reporting, tax preparation, and more.
Q: Why should I use outsourced accounting services?
A: Outsourced accounting services can save you time, money, and headaches by letting you focus on your core business functions while experts manage your financial records. Outsourcing can also provide access to specialized expertise, tools, and technology that you may not have in-house.
Q: What types of businesses can benefit from outsourced accounting services?
A: Small and medium-sized businesses (SMEs) that do not have the resources to hire a full-time accountant or finance team can benefit greatly from outsourced accounting services. Additionally, growing businesses that want to streamline their financial processes and focus on their core operations can also benefit from outsourcing.
Q: How does the onboarding process work?
A: The onboarding process for Pillarcraft typically begins with an initial consultation to understand your business needs and determine the best service package for you. Once you sign up, we will work with you to gather all necessary financial information and set up access to our accounting software. From there, we will assign a dedicated team to manage your financial records and processes, and provide regular reporting and support.
Q: How do I know if I need bookkeeping or accounting services?
A: Bookkeeping services focus on recording and tracking financial transactions such as sales, expenses, and payments. Accounting services, on the other hand, involve interpreting and analyzing financial data to provide insights and help make strategic decisions. Depending on your business needs, you may need both services or just one. Our team can help you determine what services are best for you.
Q: How secure is my financial data?
A: At Pillarcraft, we take security and privacy very seriously. We use industry-standard security measures to protect your financial data and only share information with authorized parties. Additionally, our team signs confidentiality agreements to protect your information.
Q: What if I have a question or issue with my account?
A: Our dedicated client service team is available to provide support and address any questions or issues you may have. You can reach out to your assigned client service manager or contact our support team via email or phone.
Q: How much does outsourced accounting cost?
A: The cost of outsourced accounting services varies depending on the scope and complexity of the services you require. At Pillarcraft, we offer customized service packages with transparent pricing, so you know exactly what you are paying for. Contact us to schedule an initial consultation and get a quote