Accounting Services
At Woodswater Advisory, we provide comprehensive accounting solutions to ensure your business maintains accurate financial records, regulatory compliance, and optimal financial performance. Our expert team helps you streamline financial processes, improve decision-making, and focus on growing your business with confidence.
Benefits of our Accounting Services:
Bookkeeping & Financial Record-Keeping
We ensure that all your financial transactions are recorded accurately and systematically, providing you with up-to-date and organized financial records. Our bookkeeping services include:
1. Recording daily transactions (income, expenses, assets, and liabilities)
2. Managing accounts payable and receivable
Bank reconciliations
3. Maintaining general ledgers and subsidiary ledgers
Financial Statement Preparation & Reporting
Accurate financial reports are essential for business decision-making, regulatory compliance, and investor confidence. We prepare detailed and compliant financial statements, including:
1. Balance Sheet – A snapshot of your company’s financial position
2. Profit & Loss Statement (Income Statement) – Tracks revenues and expenses
3. Cash Flow Statement – Provides insight into liquidity and financial health
4. Equity Statement – Details changes in ownership equity
Financial Analysis & Business Insights
We provide in-depth financial analysis to help you make informed business decisions, improve profitability, and identify areas for growth. Our financial analysis services include:
1. Budgeting and forecasting
2. Profitability and cost analysis
3. Break-even analysis
4. Business performance evaluation
Payroll Management
Payroll processing can be complex due to Indonesian labor laws, tax deductions, and compliance requirements. We ensure that your employees are paid accurately and on time, while also handling:
1. Payroll calculation and processing
2. Tax and social security deductions (BPJS, PPh 21, etc.)
3. Payslip preparation and reporting
4. Compliance with labor regulations
Tax Accounting & Compliance
We integrate accounting with tax planning and compliance to ensure your business meets all Indonesian tax regulations while minimizing liabilities. This includes:
1. Preparing tax reports based on financial records
2. Reconciling financial statements with tax filings
3. Assisting in tax audits and compliance reviews
Accounting System Setup & Advisory
We help businesses implement and optimize accounting systems for better financial management and reporting. Our services include:
1. Selecting and setting up accounting software (Xero, QuickBooks, MYOB, or other ERP systems)
2. Customizing financial reports and dashboards
3. Training staff on accounting best practices and software usage
Internal Control & Compliance Audit
We assist businesses in strengthening internal controls and ensuring compliance with financial reporting standards and regulations, helping prevent fraud, reduce risks, and improve operational efficiency. Our services include:
1. Evaluating and improving internal financial controls
2. Ensuring compliance with Indonesian Financial Accounting Standards (PSAK)
3. Conducting internal audits and risk assessments
