Accounting Services

We recognise the importance of ensuring a client’s structure financial books and records are maintained to the highest standard allowing for informed decision making and regulatory compliance.

Every Hawksford client has a dedicated bookkeeper and accountant who work closely with the administrators to ensure the timely and accurate recording of the transactions within a structure. We utilise our ‘best in class’ technology platform to ensure the books and records are maintained in a timely manner and in accordance with the relevant regulatory requirements. We also have the flexibility to work on your accounting software in order to fit with the rest of your business.

An overview of our services includes:

• Initial set up and chart of accounts per client requirements
• Clearly set deliverables to ensure all bookkeeping is accurately maintained
• Review of information obtained prior to bookkeeping
• Liaising with intermediaries/banks directly to obtain supporting documentation
• Data entry of your bookkeeping records into accounting software
• Reconciliation of bank statements
• Reconciliation of Accounts Receivable and Accounts Payables

Jurisdictions

These services are available from the following jurisdictions:

• JERSEY
• HONG KONG
• SINGAPORE
  
• UNITED KINGDOM

Timely and accurate preparation of annual financial statements are a statutory requirement in most jurisdictions and vital to ensuring decisions are made with on the basis of accurate information.

The financial statements act as a annual health check on the structures under administration highlighting not only improved performance but also raising financial management issues that may not have otherwise been considered. Our experienced team of accountants with in depth knowledge of FRS 102, IFRS, and Singapore FRS, work directly with our client teams to ensure accurate and timely financial reporting.

We ensure the governing documents and local regulatory requirements are always at the forefront of the decision making process. We will also take on the administrative burden of managing the day-to-day audit process allowing your conversations with the auditors to focus on the significant issues and value added services.

An overview of the services includes:

• Development of financial statement templates in advance of the year end for your review
• Preparation of generally accepted accounting principles (GAAP) compliant annual financial statements
• Consolidation accounting and preparation of group financial statements in accordance with the GAAP
• Working directly with the auditors to ensure information is provided in a timely manner and audits are completed inline with the regulatory and client requirements
• Preparation of financial statements from client’s bookkeeping records and working papers

Jurisdictions

These services are available from the following jurisdictions:

• JERSEY
• HONG KONG
• SINGAPORE
• UNITED KINGDOM

Effective tax compliance reporting is critical to the successful functioning of any business. We take the burden of tax compliance reporting and with our skilled team ensure that the planning and reporting is compiled in accordance with the tax authorities’ expectations and filings are completed in advance of regulatory deadlines.

While financial statements act as the annual health check it is key to the successful operation of a structure that timely information is available to assist with the decision making process.

We work with our clients to develop management accounts and reporting that provide the decision makers of a structure the information they need in the format required to have clarity through the decision making process.

Jurisdictions

These services are available from the following jurisdictions:

• JERSEY
• HONG KONG
• SINGAPORE 
• UNITED KINGDOM

In addition to regulatory and investor requirements we understand that our clients require bespoke financial reporting out with the traditional preparation of financial statements.

Reporting can vary, from the need to obtain clarity on funds invested across a number of portfolios developing income and expenditure schedules in order to action distributions, or  understanding a project’s expected cash flows in order to budget for further capital expenditure. We work closely with clients to understand requirements and develop a best fit reporting approach with clearly defined assumptions. Services include:

• Development of cash flow forecasting with specific assumptions agreed with the client
• On-going analysis of budget versus actual for existing structures
• Detailed income/capital calculations to ensure distributions are performed in accordance with the constitutional documents

Jurisdictions

These services are available from the following jurisdictions:

• JERSEY
• HONG KONG
• SINGAPORE 
• UNITED KINGDOM

In a constantly evolving financial reporting landscape it is often necessary for financial statements to be converted from a historic generally accepted accounting principles (GAAP) to align with industry best practice.

Our team of accountants are well versed in a number of generally accepted accounting principles (GAAPs) and will work directly with clients and advisers to ensure the most appropriate financial reporting is applied to a structure.

Jurisdictions

These services are available from the following jurisdictions:

• JERSEY
• HONG KONG
• SINGAPORE 
• UNITED KINGDOM

Appointing Hawksford to act as a Temporary CFO for your business provides all the capabilities of an accounting department at a fraction of the cost of an in-house solution.

Key benefits:

• Better understanding of company financials that gives you less surprises and more control
• Improved decision-making capabilities
• Improved quality and timeliness of financial information
• High-quality budget preparation and monitoring
• Professional advice on business decisions and business plans
• Profitability analysis by service or product line
• Tax saving strategies
• Trend analysis
• Cash management
• Assistance in obtaining financing from banks, including assistance with negotiations
• Mergers and acquisitions assistance
• Development of company accounting procedure manuals

Jurisdictions

These services are available from the following jurisdictions:

• CHINA
• HONG KONG
• SINGAPORE
• UNITED KINGDOM