PKF Covenant Cambodia

PKF Covenant Co., Ltd.

Our Services

corporate

Accounting & Payroll Services

Accounting and Financial Reporting

Our outsourcing services for your accounting and financial reporting functions allows you to direct your focus and resources into driving business growth. Our trained and experienced professional accountants offer practical advices and services that are designed to meet your needs.

Our services include:

Setting-up
  • Setting up accounting systems and chart of accounts
  • Drafting accounting and operational manuals
  • Customising management report templates
Bookkeeping and maintenance of accounting records
  • Sorting, coding and classification of accounting documents
  • Recording of transactions into the accounting software
  • Maintaining general ledger, sales and purchase ledgers
  • Maintaining notes to accounts (fixed assets register, listing of receivables and payables)
  • Preparing bank reconciliation
  • Reconciliation with creditors’ statements
  • Maintenance of accounting records
  • Sales and service tax (SST) accounting and reporting
Financial reporting
  • Periodic (monthly, bi-monthly, quarterly and yearly) closing of accounting books and preparation of management reports
  • Preparation of interoffice reporting package
  • Preparation of statutory financial statements
  • Reconciliation between local GAAPs and IFRS
  • Conversion of financial statements into XBRL format
Financial management / virtual CFO services
  • Review accounts prepared by in house junior accountants
  • Financial management
  • Budget and forecast preparation
  • Cash flow analysis and forecast
  • Working capital control
  • Cost analysis and monitoring
  • Profit and loss analysis and monitoring
  • Financial data analysis and interpretation
  • Periodic (monthly, bi-monthly, quarterly and yearly) operational performance review
  • Financial feasibility review
  • Accounting advisory
Consolidation
  • Preparing consolidated financial statements for a group of companies
  • Preparing consolidated financial statements for different branches
Problem Solving
  • Clearing backlog accounts
  • Reconstruction of accounts from incomplete records
  • Clearance of suspends account
  • Rectification of prior year errors
  • Reconciliation services
Outsource of Accounting Process
Accounts payable processing
  • Preparing payments and payment vouchers
  • Issuance of sales invoices, credit and debit note
  • Sending statement of accounts and reminders to debtors
  • Payroll processing
On-site support
  • Periodic on-site support
  • Staff secondment
  • Staff cover for maternity / sabbatical leave

Payroll Administration

Our experienced team offers payroll services that are underpinned by regulatory compliance expertise, whilst ensuring your payroll is processed accurately, timely and with strict confidentiality.

Our services include:

Initial setup
  • Work pass applications, appeals, renewals and cancellation
  • Registration with Employment Provident Fund (EPF), Socso Social Security Organisation (SOCSO), Zakat, Tabung Haji, Monthly Tax
  • Deduction and Human Resource Development Corporation (HRD Corp)
  • Advisory on payroll related compliance
Ongoing maintenance of human resource and payroll
  • Assisting in the issuance of employment letters
  • Monthly payroll calculation
  • Disbursement of net salary and statutory payments via our client trust account
  • Issuing confidential pay slips
  • Preparing year-end forms (Form E and Form EA) for tax purpose
  • Administering employees’ leave and maintaining leaves record
  • Processing employee claims
  • Production of reports as required

Business Start-up Services

Administration
  • Assisting in bank account opening
  • Registration for sales and service tax (SST)
  • Registration with Employment Provident Fund (EPF), Socso Social Security Organisation (SOCSO) and Human Resource Development Corporation (HRD Corp)
License and Work Pass Application
  • Advising and applying for licenses (business license, wholesale retail trade (WRT) licence, manufacturing licence, etc.)
  • Advising and applying for work permit and dependent passes for expatriate