Services

Bookkeeping is a must for every business that wants to succeed financially and do things right. Our bookkeeping and accounting services include preparing and maintaining day-to-day bookkeeping as well as monthly or quarterly management accounts. Our work is performed as per the GAAP accounting standards and can be customized to meet our clients’ specific requirements. We use the standard bookkeeping software such as QuickBooks, SMART FMIS, Quicken, Sage or proprietary software to perform the work. We can help you save money, scale your finance operation more efficiently and focus on other critical financial management functions.

NGUYEN offers forensic accounting services to those who need it. Since forensic accounting is a special and occasional requirement, and it may not be cost-efficient to hire a full-time forensic accountant, most companies outsource their forensic accounting needs to experts. Some of the specializations of forensic accountants include insurance claims disputes, personal injury claims, fraud, bankruptcy, breaches in financial contracts and documents, among others. NGUYEN has the necessary expertise and manpower to provide your forensic accounting needs. By outsourcing to us, we provide you everything you need through a cost-efficient and secured process.

A special type of accounting, fund accounting emphasizes “accountability rather than profitability” for use of non-profit organizations and governments. Raising funds for non-profit purposes requires specific adherence with laws and regulations, and special restrictions and limitations. Because of this, fund accounting is essential in making sure that government and non-profit financial activities are being done properly. NGUYEN provides fund accounting services tailored to your specific needs. Our team of CPAs and experts will act as your fund accounting department, without the additional operational costs of an in house team. We ensure that all the data of your non-profit endeavors are safeguarded according to the highest quality standards.

NGUYEN Finance and Accounting offers proven and systematic accounts payable (AP) outsourcing services that help our clients simplify procure-to-pay operations. We help them ensure maximum accuracy to your AP management with the aid of our dedicated accounting specialists handling it. At NGUYEN Finance and Accounting, you can easily open and track purchase orders and transactions. You can track costs and eliminate errors by monitoring your entire business process flow through purchasing, receiving, and account payables.

In business, cash is king. Cash flow is the lifeblood of any enterprise, and having an efficient system for accounts receivable is essential steadily managing the flow of cash and payments. Often however, managing accounts receivable takes a toll on a business’s limited resources, taking up time that could instead be invested in growing the business. That said, accounts receivable outsourcing frees up two of the most valuable assets of any company time and money. With NGUYEN Finance and Accounting’s high-reliability, you can maximize efficiency and focus on growth opportunities, significantly reducing the cost of managing accounts receivable without sacrificing quality and swift account turnover. NGUYEN Finance and Accounting provides several key advantages for firms looking to outsource their accounts receivable. This ensures that we can provide a scalable solution to even the most complex scenarios. NGUYEN Finance and Accounting ensures fidelity with customized solutions methodology and performance benchmarks through the use of Service Level agreements.

Tax accounting can take up an enormous amount of your time. Even with the help of tax preparation software, the time involved in gathering receipts, compiling financial statements, and searching for tax deductions, tax credits, and other line item entries can be daunting. Not to mention, tax laws are revised occasionally, and differ per country, adding more complexity in the way individuals and organizations compute taxes. Because of this, you should consider hiring a tax accountant or certified public accountant (CPA) to handle your tax accounting. Our team of experienced finance and accounting outsourcing analysts will prepare all of your tax returns and assure that you are paying no more tax than is necessary. Throughout the year we will monitor tax law revisions and discuss with you those changes that affect you. We will recommend tax-saving strategies and serve as your advocate in tax matters.

Cost accounting is a tedious process of collecting, analyzing, and evaluating of financial data in order to give companies and business owners intelligent course of action based on cost efficiency and capacity. This allows the management to make business decisions and enhance operations that will set the direction of the company moving forward. Inventory, on the other hand, involves management of stocks and goods, for business purposes. This includes purchase and acquisition of merchandise, ordering, shipping, handling, and each step requires cost monitoring and accounting. NGUYEN provides cost accounting and inventory services for organizations that want to outsource these types of requirements. With years of experience up our sleeves, our team of CPAs and accounting experts will assist you in preparing financial reports periodically, and set up a cost accounting system that is customized to your company’s specific requirements.

Most companies struggle to accurately track their fixed assets; it’s an important aspect and concern of every company of any size. The challenge comes when a company has to track everything, its condition, location, quantity, maintenance, and depreciation status while maintaining focus on growth and its business cores. NGUYEN eases that difficulty by offering fixed asset management solutions. We can apply any tracking approach that would best fit your business requirements or integrate with your current processes. NGUYEN also offers accrual basis reporting to recognize your revenue and expenses during the period when transactions actually occurred. We can record your prepaid and accrued expenses, accrued payroll, and deferred revenues. This could also be applied on your prepayments. With NGUYEN’s team of experienced, highly qualified professional, finance experts, and Certified Public Accountants, you can rest assured that your accounting needs will be taken care of. We are finance and accounting outsourcing company dedicated to help you and your company grow.

Effective cash management strategies are essential to managing your business. Our flexible, convenient cash management solutions are tailored to meet your needs and give you maximum control over your business finances. NGUYEN’s Cash Management service provides financial solutions that can be customized to meet even your most demanding and complex financial needs. We understand your banking needs can be vastly different from others’ and we guarantee to provide the best solution possible for your specific banking demand. Our Cash Management is convenient, functional, cost-efficient and comprehensive. In managing payments to your employees and suppliers, we can make your payments hassle-free. We deliver responsive services that will ensure your collections are deposited with a high level of security, accuracy, and expediency. We guarantee that your post-dated checks are stored securely and deposited once they fall due.

Managing your company’s accounting can be intimidating. NGUYEN offers you a timely accurate financial reporting for your excellent business management. Our registered accountants are ready to assist any business on their accounting, bookkeeping, advisory, and other requirements. Our team of qualified accountants can give you outstanding service at fees lower than what your bank will charge you. Our monthly financial statements and accounting services are customized and backed with a full understanding of your special needs, issues and deadlines. Our CPAs provide you with monthly compiled financial statements and monthly bank reconciliation reviews, quarterly required payroll reports, year-end payroll reports and monthly tax consulting. With each financial package we prepare, we summarize your business financial highlights in a personalized monthly consulting memo that summarizes your financial operations and provides your business with tax strategies in order to minimize your tax payments.

Lease agreements are often designed to maximize potential financial performance for lessors. Measuring financial performance of a lease program is the key to managing it over time. Lease Agreement Analysis entails more than a simple lease versus buy at beginning of lease or adding up monthly payments. It requires measurement of the total economic transfer between lessee and lessor(s) to determine the all-in cost of leasing including interim rent, extension, buyout and other lease costs beyond the committed rents. NGUYEN specializes in risk rating equipment lease agreements and performing financial lease analysis to help scope, cap and reduce all in lease costs, as well as avoid signing risky and costly lease contracts. We also analyze complex provisions on a lease agreement and identify provision that needs renegotiation.

Effective management of accounts receivable aging is one of the most crucial aspects of running a business. The longer an account ages, the more difficult it becomes to collect the full amount due. Our Receivables Aging Report/Analysis service gives you a detailed and comprehensive data of your outstanding balances in aging periods which ranges from 30days to 120+ days with indicated total days overdue and based on your currency. Our summary reports monitor progress and highlight potential problem areas, while our flexible customized reports provide quick and simple access to the detailed data needed to address A/R-related issues. We also include last-year-to-date and year-to-date analysis for each transaction recorded and sub-totals for all currencies used in the business.

NGUYEN’s Intercompany Transaction Reporting ensures that a specific business unit is charged or billed with all of their credits or debits within an organization for accurate financial records. NGUYEN aims to create, resolve and reconcile intercompany transactions. We provide extensive reports that help clients in reviewing and reconciling transactions reports. We provide intercompany account report with information about outbound and inbound transactions. Outbound transaction accounts include initiator distribution and initiator receivables accounting, while Inbound transaction accounts include recipient distribution and recipient payables accounting. We make sure inter-company transaction is accounted in Receivables for the initiator legal entity and Payables for the recipient legal entity. We check on any discrepancies or missing transactions.

NGUYEN is expert in analyzing effectively and accurately the financial, profitable and overall performance of a company. Our Performance Summary Report solution provides retailers the data they need to react quickly to changing market conditions and opportunities. We understand that the present performance of a company has to be compared with its performance in previous years. Apart from this comparison, comparison with a competitor company will help the organization to understand its strength and weakness. These are the reasons why we monitor outcomes, including performance to original plan, forecast and actual of businesses. Our solution is flexible and scalable to meet your business requirements. We provide easy-to-use tool that monitors key performance indicators on a continuous basis.

NGUYEN offers Management Accounting service that make a difference for businesses. Our Management Accounting service is not all about standard measures but also on finding out what the key drivers of your business are. NGUYEN can focus on any number of areas of management accounting specialism, from the more traditional practices of bench marking, cash flow forecasting and internal profitability analysis, through to the validated learning principles of the lean start-up movement. Our experienced accountants offer the highest quality accounting expertise. Designed to act on your needs, our management reports meets your ideal professional standards accurate, relevant, timely and cost effective. Our management accounting services are based on working closely with you to capture and summarize the correct financial information on a timely basis, in the form of Key Performance Indicators. By monitoring Key Performance Indicators, our management accounting services identify key business trends for your business development.

Whatever the size and scale of your company, accurate accounting and financial reporting are essential to underpin your corporate activities. You need to be sure your accounts and reports are complete, correct and fully compliant with local legislation and practices. NGUYEN efficiently manages what’s essential to the smooth running of your business. We help you eliminate weak points in preparing financial reports. Our Financial Accounting service can prepare your various financial reports and tax returns, and also manage your various financial processes. By partnering with NGUYEN, you benefit from the collective wisdom and experience of our trusted qualified experts who deliver the highest quality corporate accounting and associated services. We are committed to building a long-term partnership with you by developing an understanding of your business and offering a flexible and tailored approach to delivering our services.

Staying on top of your business strategies can be difficult especially when markets are becoming more fragmented and technology are continuously evolving. NGUYEN can be your helping hand. We can provide you with the information you need to make strategic business decisions by offering our trademark in-depth research and analysis services. NGUYEN offers customized Research Services, individually tailored to meet your business needs. We can help you better understand your customer requirements and preferences. We can assess how you or your clients are performing in terms of financial needs. We can help you better understand your competition. The list goes on. We conduct timely and independent research concentrating on topics that are relevant to the global financial services industry. Our highly skilled and experienced research team provides our clients with a global perspective and an unparalleled understanding of market structure, market trends and the latest technological innovations in the finance and accounting industry.

NGUYEN’s Research Services include:

• Industry and Company Specific Quantitative & Qualitative Research
• Financial and Fundamental Research
• Data Collection

The scope of the due diligence review, which is always determined in conjunction with our client, depends on the size and scale of the transaction and the surrounding risks. Our due diligence service focuses on the most critical elements of transactions, including:

• Identifying and quantifying industry and deal-specific risks and opportunities.
• Evaluating quality and reasonableness of historical and projected earnings and cash flows assessing quality of assets.
• Identifying hidden costs, commitments and contingencies.
• Identifying and quantifying tax exposures.
• Identifying and quantifying liabilities that can be deal breakers; and
• Highlighting issues likely to affect the purchase price or contract conditions.

Practitioners in our due diligence services group are seasoned accounting and tax specialists who provide value-added services to corporate and private equity clients on a daily basis and have a deep understanding of Rwanda's unique challenges such as:

• Disparity in accounting principles and quality of financial information.
• Lax internal control, transparency and corporate governance standards.
• Proliferation of related party transactions; and
• Complex and evolving tax rules and regulations.

NGUYEN’s Due Diligence Services include:

• Acquisition due diligence
• Vendor due diligence
• From initiation to completion
• A robust, independent and credible report
• Bid support
• Data room support

At NGUYEN CPA we have expertise in SAGE and providing services to our clients in SAGE software.

If you are looking for a QuickBooks bookkeeper? NGUYEN has QuickBooks bookkeeping service with expert bookkeepers for a variety of business.

NGUYEN offers Professional Services to facilitate proper integration, installation and rapid deployment of our solutions. As our customer, you receive a dedicated implementation consultant who designs a cost-effective project plan to meet your organization’s goals and objectives. NGUYEN Professional Services provides customers with consultants for the purpose of designing, testing, configuring, installing, troubleshooting and integrating HR/Payroll software with business solutions. Professional Service ensures a best practice approach and expert advice catered to a customer’s strategies and goals.

NGUYEN offers two different types of instructor-led training experiences. Whether you are a tax specialist or a technical systems administrator, we strongly recommend comprehensive training programs that include application and technical training. This in-depth training will accelerate your implementation process and help you get the most out of business solutions. Our instructors understand the challenges clients face and bring real-world experience to the classroom environment lead both programs.

NGUYEN recognizes the key role its solutions play in the Success of organizations. Productivity demands on Accounting and Finance departments are high, so it is important that you are able to fully utilize our products and services. As such, we offer a comprehensive Customer Support Program that offers customers a choice of three levels of Support to access skilled help desk professionals, self-service tools and a wealth of resources available through the web portal.