Outsourced Accounting Services

There are a number of reasons why small businesses should outsource some or all of their financial functions. The 2 main ones are Cost & Quality;
  •  Outsourcing your financial accounting and other finance related functions to a specialized company improves the quality of the financial records that your business keeps which in turn enhances your ability to monitor performance, make better decisions and assist you to access financing.
  • The early phases of any business are often characterized by massive internal competition for scarce resources. Ironically the phase that needs prudent financial management the most is the one that can hardly afford it. So unless one of the founders is an accountant you will find it makes more financial sense for a small business to outsource their accounting function than it would to hire a full time accountant.

Alpha Advisors offers 2 levels of outsourced financial services tailored for our SME customers. 

The Basic package which costs KES 12,500 per month includes; 
  • Establish internal controls
  • Weekly ‘batch’ processing of all receipts and payments
  • Weekly bank reconciliation
  • Preparation of Monthly management reports
  • Coordination of periodic audits 

The Premium package which costs KES 20,000 per month includes everything in the entry level package plus; 
  • Payroll processing
  • Preparation of monthly tax schedules (VAT, W/Tax, PAYE etc)
  • Maintenance of fixed assets register
  • Working Capital Management i.e. Receivables, Payables
  • Coordination of annual budget process

 Alpha Advisors also offers the following Stand-Alone services 
  • Preparation & filing of corporation tax returns – KES 7,500 p.a.
  • Preparation of Annual Financial Statements – KES 25,000 p.a.
  • Raising finances – fee is negotiable (usually expressed a percentage of the amount raised). Minimum commitment fee is KES 7,500 upfront

 Contact us now for to find out more about how outsourced financial services can help you grow your business.