Brightways Consulting Services - Karachi, Pakistan

We offer the following services:

A) NPO SECTOR SERVICES

1. Accounting and Financial Reporting Advisory Services

Importance of quality accounting and bookkeeping cannot be ignored by any organization. But, at RCS, we go a step beyond. We make it our mission to ensure that as an outsourcing partner, the financial transactions of the organization and project records are kept up-to-date and accurate. This eventually translates into timely and accurate donor reporting.

RCS offers a full range of accounting, financial reporting and support services across the entire finance value chain. Our key services include:

• Creation of chart of accounts in the accounting system, line with the Donor’s reporting requirements
• Setting up accounting on automated accounting software  

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like QuickBooks, Peachtree, etc.
• Preparation of period donor reports, annual or periodic financial statements in accordance with accounting and reporting standards and donor requirements
• Project budgeting and cash flow forecasting
• Preparation of Standard Operating Procedures for various functional areas of Finance
• Preparation of fixed assets register
• Accounts receivable and payable management
• Preparation of bank reconciliations
• Advisory and assistance services related to accounting and related matters
2. Audit Advisory Services

2. Pre-audits, post audits and compliance reviews:

We have significant experience of providing assurance and advisory services to NPO’s executing projects of International Donor Organizations.

Due to this profile of our unparalleled team of professionals having understanding of various international donor agreements, regulations, and compliances, organizations can avoid costly audit findings and obtain benefits from early identification of serious shortcomings.
Similarly, outsourcing the handling of audit will save the organization from the hassle of handling the external auditors and from the inconvenience of post audit compliance procedures.


3. Pre-award Assessments / Systems Review Services

Before signing a grant contract, donor organizations require assurance on the capacity and performance of the recipient organization. Pre-award assessments and systems review procedures are considered as the most effective methods for ascertaining the capacity of the recipients.
We have assisted various international donor organizations in selection of the recipient and sub-recipient organizations.

4. Verification Services

We provide number of verification services including the following:

Inventory counts:

Accurate determination of the quantity of inventory items in hand, at any stage of the project, is of crucial importance. This will ensure effective inventory management, implementation of internal control procedures, efficient distribution, and accurate donor reporting and compliance.

Fixed asset counts and tagging:

Whether it be for donor reporting, assets transfer, accounting compliance, loss of control, or proper stewardship of assets, tracking and accounting for fixed assets can be a challenge. Our service in this domain includes:

• Preparation of fixed assets register
• Physical count and verification of fixed assets
• Tagging of fixed assets

5. Trainings (Donor reporting, audits, accounting, grant management etc.)

Information is a source of learning. But unless it is organized, processed, and available to the right people in a format for decision making, it is a burden, not a benefit.” C. Willam Pollard

We offer consultancy services in conducting Training Needs Assessments (TNA) for organizations, to help them in identifying the skills gap required in the areas of Finance, particularly donor reporting, audits, accounting, grant management.

Not only this, we can help you in designing and providing customized training programs and performing Post-Training Effectiveness Evaluation.

B) CORPORATE SECTOR SERVICES

1. Audit, Accounting and Corporate Advisory Services

Our team is fully equipped to help you in the broad range of services including the following:

• Full range of accounting, financial reporting and support services across the entire finance value chain.
• Audit advisory and assistance services
• Corporate advisory services (formation of companies, statutory compliances, filing of returns etc.)

2. Accounting of Retirement Benefits (PF, GF, Pension, WPPF)

Responsible management and oversight of employees’ retirement fund money is one of the most important promises a company can keep. At RCS, we have a team of experts focused on ensuring employee benefit plans are managed responsibly and accurately.

Our expert’s team will help you in understanding new and evolving legislation and its impact on reporting requirements to the Regulators. Our domain of services in this area includes:

• Creation of chart of accounts in the accounting system
• Setting up accounting on automated accounting software like QuickBooks, Peachtree, etc.
• Preparation of financial statements in accordance with International Accounting Standards
• Audit advisory and assistance services

3. Business Valuations

Business valuation is sometimes defined as both an art and a science.

The scientific and analytical aspect employs a variety of approaches or methods, applied not only to the subject of the valuation itself, but also to the development of certain inputs into the measurement (e.g., cost of capital, discounts, and premiums).

The art of a valuation lies in the ability to apply valuation methods and tools in an effective manner, utilizing professional judgment.

Our professionals have the expertise and experience to tailor the scope of business valuations to our client’s specific needs and the purpose of the engagement.

4. Feasibility Reviews

Our feasibility review services will help you in determining the overall project viability. We will also help to collate the details that your investor might be interested in, thereby increasing your chances to secure funding.

5. Taxation Services

Due to constantly changing tax legislations, corporate entities and their directors and executives need tax advice.

Our direct tax consultancy services assist companies and individuals in planning and optimizing their fiscal obligations, while being compliant with relevant tax regulations.

6. Startup Consulting Services

The most useful time to seek professional advice and support is before starting. Our consulting services help entrepreneurs and startups with the early stages of formation, helping them to avoid costly mistakes. We provide complete guidance covering the following:

• Advice on corporate structure
• Process of formation of a company
• Tax planning and structuring
• Corporate and tax compliances
• Advice on accounting, audit and internal controls