Whether you are a sales office for a multinational company or a fully fledged subsidiary company manufacturing in the UK, you may need to report monthly to your parent company overseas.
Issues such as Sarbanes Oxley legislation may apply to USA parents, and can flow through to their UK branches, causing a reporting headache for UK based staff that may have had little exposure to Sarbanes Oxley before.
Currency conversion issues, transfer pricing, and intercompany debt are also issues that complicate month end group reporting.
Not to mention the possibility of complicated spreadsheets, tight deadlines, and for many of our clients, late nights and holiday working to get the 31 December figures out on time.
And then there’s the budget forecast, cash flow projections and cash funding requests to be made to the parent. We can use the software that the group uses, be it Sage50, SAP, Xero or Quickbooks.
We can also prepare group consolidated management accounts into a form and style that suits your business or in the group template if provided.
The way out of this administrative nightmare is to outsource your Group Reporting to us. We deal with group reporting everyday. To us it’s a routine task and our skilled team are ready and waiting to help.
Please contact Sudheer Gupta for further information on how we can help you with your Group Reporting requirements.
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