OUR SERVICES

SHEBA Accounting offers the following services:

ACCOUNTING SERVICES

The SHEBA Accounting provides full and mid accounting services to clients. These includes provision of alternate senior accounting staffs visiting on a weekly basis and a supervision of a Certified Public Accountant on a recurring manner. Provisions for these accounting services vary from the clients’ needs, a remote accountant may satisfy the requirement together with a scheduled visitation or a full week duty depending on the client’s nature of business and the set up agreed upon by both parties.

TAX AND COMPLIANCE SERVICES

The SHEBA Accounting is a registered and accredited tax practitioner agent of the Bureau of Internal Revenue. The firm has been in the tax industry since its establishment and provides efficient tax services to various clients. The firm has a tax mechanism that could help clients save on their taxes, utilize effectively, and avail tax reliefs from the government. As tax consultants, we aim to deliver the most up to date tax regulations to business clients and how it can be applied with efficiency in the operations.

COMPILATION AND INCOME TAX RETURN

(ITR) PREPARATIONS

Record keeping and maintenance of documents has been one of the fortes of SHEBA Accounting in provisioning its services. The SHEBA Accounting provides clients’ record keeping and compilation of business transactions documents in a well organized, neat, and very accessible manner. Following the ISO method of documentation, the firm designs the company policies and procedures in accordance with the process flow of documents and safe keeping.

The firm caters the compilation or bookkeeping of business transactions and financial reports such as Financial Statements and Satement of Cash Flows, among others are created on a timely manner which are business crititcal in terms of reliability on decision making.

We ensure that we have financial statements readily available so our customers can have their Quarterly and Annual Tax Reports accessible for use by internal or external stakeholders.

EXTERNAL AUDITING SERVICES

The SHEBA ACCOUNTING with its External Audit Services function is an Accredited External Auditor by the Board of Accountancy and Professional Regulation Commission. The firm acquired various external auditor accreditations from different government bodies thus enabling us to audit different industries and business sectors.

The external audit to be conducted will be based on the audit of financial statements, its preparation and the fair presentation in accordance with the generally accepted accounting principles and the Philippine Financial Reporting Standards.

INTERNAL AUDITING SERVICES

The SHEBA Accounting also provides internal audit services to clients including the design and setup of accounting processes, creation of tailored accounting manual, policies and procedures and controls related to specific operations. The firm is also engaged in reportorial to the clients’ management regarding the assessment of the accounting department, process evaluation, and recommendation of more efficient and suitable method of accounting application.

The SHEBA Accounting also conducts test of controls and assessment of process flow concerning checks and balances and handles specific engagement as desired by the clients for the improvement and betterment of operations.

CORPORATE AND REGULATORY SERVICES

Being a diverse entity, the SHEBA ACCOUNTING BUSINESS CONSULTANCY AND TAX SERVICES together with its Regulatory Services Department provide the following services in the most efficient and expeditious way to the clients:

Business Registration, Renewals, Closures both Temporary and Permanent
Specialized Tax Services including Tax Assessments, Cases and Representation to Government Agencies
Corporate Business Transaction including Merger and Acquisitions
Sale and Transfers
Provisions for Specialized Documents
Facilitation of Ventures, Investments, Capital Acquisition
Actuary, Pricing and Business Valuations
All other specialized services

OUTSOURCE - PAYROLL SERVICES AND

STATUTORY REQUIREMENTS PROCESSING

Our firm as a seasoned outsource service provider of payroll services and statutory requirements caters timely and accurate computations of payroll details and specifics. Our firm supports client’s function to its employees up to uploading of payroll sheets to designated client’s payroll account and take responsibility in notifying the client in advance regarding payroll funding to avoid delays and insufficient fund on their accounts.

Our firm takes accountability of the errors and we formulate necessary precautionary measures be it on our end or its client to avoid the occurrence of the similar case. We report to the management the trends and reasons for fluctuation should there be great variations in payroll compared with the regular periods.

OUTSOURCE - BILLING AND COLLECTIONS

Outsourcing Billing and Accounts Receivable Collections have been one of the most specialized segments of SHEBA Accounting Business Consultancy and Tax Services. The firm has been performing the services for numerous clients especially those under delinquency and dormancy accounts. The firm and the client design and set targets and lay down plans on collection and remedies for recovery of the Accounts Receivables.

The firm handles the full cycle of realizing cash from billing to collections. The firm also manages the receivables to maintain its current position. At its current level, the firm maintains good relationship to client's customers on current default. The firm also set good communication with client's customer so that business transactions will be as smooth as possible.

OUTSOURCE - ACCOUNTS PAYABLE AND

MANAGEMENT OF LIABILITIES

The SHEBA Accounting Business Consultancy and Tax Services with its service department provides provisions on Outsource Accounts Payable and Management of Liabilities. The firm is highly experienced in the terms of management of payables and the reporting of cash positions to clients in relation to disbursements and payments.

The firm can cater large volume of accounts payable transactions daily. It could process, scrutinize, and verify accounts for payment with accuracy and keen to specific details. As a seasoned service provider, we take into account the strict compliance to the processes of releasing checks to suppliers to avoid unfunded expenditures.

The firm prepares a monthly report of summary of disbursements together with its classification of accounts in income statement or balance sheet. We also maintain the company records and keep the documents safe and free from deterioration so it can be easily accessbile for future use by internal or external stakeholders.

Shared Service Facility

The SHEBA Accounting Business Consultancy and Tax Services has wholly acquired its high – capacitated Shared Service Facility from its affiliated company MCA Asia Business Solutions Inc. The Facility is fitted out by the SHEBA Accounting for provisions of Shared Services for process outsourcing, distant accounting functions, outsourced billing and collections, payroll and other high-volume business functions. The facility is readily available for client engagement, turn-over and transfer of functions.

The objective of the facility is to serve as a remote office for various clients with specific functions being catered by the firm. The facility is spacious, suitable workplace with engaging environment and fully equipped by office amenities so our employees can work comfortably and conveniently for them to deliver the best-in-class type of services to clients.

With the presence of SHEBA Accounting Shared Service Facility and available dedicated people, the firm aims to aid client businesses attain substantial reduction in cost center operations. The facility will also serve as a control point for client business for undetermined cost, uncontrolled variable costs and high fixed cost brought by maintaining own facility with underutilized capacity.

The Shared Service Facility together with dedicated SHEBA personnel and supervisors will spread out and even the cost of operations; thus reducing the cost of services for clients or maintaining a floor of reasonably low cost shared service expenditures to carry on operations.