Bookkeeping in Malta
Get Your Financial Affairs in Order
Once a company is established in Malta, one of its obligations as per the Companies Act 1995 is to keep proper accounting records. These records should reflect the true and fair position of the companies' affairs, actual financial performance, and cash flows. Accounting records are to be kept at the registered office or any other office as may be decided by the directors of the company.
Apart from being a statutory obligation to keep proper accounting records, it is also crucial that proper records are kept as these will assist in making business-related decisions especially assisting stakeholders in making informed decisions regarding their investment.
How Outsourced Bookkeeping Benefits Your Company
Bookkeeping is a crucial task in any company. As the first step in the accounting process, it helps organise all your financial data — from transactions to wages — and turn them into easy-to-read reports for future analysis.
Our bookkeeping services provide Malta startup and multinational companies with an unbiased opinion of their financial position. With the ever-evolving demands of the financial world, we make sure that your company complies with the latest legal regulations while keeping your accounts and books up-to-date.
The bookkeeping professionals at Borg Galea Limited possess a wealth of knowledge and years of experience in determining profits, turnovers, and losses so your business can effectively position its finances.
Outsourcing bookkeeping services allows you to take advantage of the following:
- Detailed Reporting - Get up-to-date financial records for smoother accounts management.
- Planning Made Easy - This allows you to plan and predict your future finances with confidence.
- Stress-Free Audits - Have easy access to organised and updated books to make auditing easier and faster.
- Banking Benefits - Leverage detailed financial records for quicker and smoother loan applications and to build better relationships with investors.
Leverage the Exceptional Bookkeeping Services of a Trusted Malta Agency
The bookkeeper's role is that of keeping up-to-date and accurate ledgers such as accounts receivables, accounts payables, general ledgers, fixed asset registers and perform all the necessary reconciliations. Employing, giving the appropriate training, can bring with it a hefty cost.
At Borg Galea & Associates, we have a pool of professional Accountants and Bookkeepers that allow us to easily adapt to your accounting needs and provide your company with sound, accurate and timely financial and management reporting which is key to making business-related informed decisions. Our approach is designed around continuous communication with our clients to ensure that the reporting is always accurate and in line with International Financial Reporting Standards (IFRSs) or any other framework adopted by the firm. We have invested significantly in different cutting-edge accounting software which enables our clients to access their data in a secure and remote manner.
Key to any sound business decision is the preparation and presentation of Management accounts. Borg Galea's management accounting and bookkeeping services for Malta companies are designed to suit the needs of the management team of our clients. We design management accounts in a way that points out the different strengths and weaknesses so that our clients can turn around their weaknesses into strengths.
For exception bookkeeping services in Malta, reach us by dialling +356 2703 7012 or fill in our contact form to learn more about our services.