Accounting Outsourcing & Payroll
Reliable, cloud-based financial administration that allows corporate leadership to focus on core strategic growth.
Maintaining an internal accounting department with complete statutory knowledge can be challenging and resource-intensive. Sima & Associates delivers a turn-key finance function, ensuring real-time books of accounts, accurate payroll distributions, and prompt social security contributions.
Detailed Scope of Engagement
1Cloud-Based Bookkeeping
Daily transaction recording, bank reconciliations, vendor billing, and receivables monitoring using modern cloud accounting platforms.
2Statutory Payroll Administration
Monthly salary computation, overtime calculations, festival allowance (Dashain bonus) accruals, and provident fund deductions.
3Social Security Fund (SSF) Management
Monthly 31% SSF contribution filing, employee enrollment, and claim assistance on the electronic SSF portal.
4Periodic Financial Reporting (MIS)
Monthly or quarterly profit & loss statements, balance sheets, cash flow projections, and budget-vs-actual variance analyses for directors.
5Audit Readiness & Year-End Pack
Preparation of complete audit schedules, fixed asset registers, and confirmation letters prior to the arrival of external statutory auditors.
Statutory Deliverables
- Monthly Management Information System (MIS) Financial Packs
- Monthly Payslips and Bank Transfer Disbursement Files
- Monthly SSF, CIT, and Withholding Tax Deposit Receipts
- Annual Audit-Ready Working Paper File
Formal Engagement Notice
Professional audit and assurance appointments are established strictly in accordance with NSA 210 upon independence review, engagement letter signing, and resolution at the Annual General Meeting (AGM).