| . Making the journals regarding payments as necessary * Prepare loan schedules detailing the movements and interest charges for the period based on the interest rates specified in the loan agreements. * Parent and Subsidiary companies will be requested to confirm the balances as per the loan schedules. One reminder will be sent by fax/e-mail for these confirmations. * A copy of the schedule will be sent to the auditors/accountants. * Entering into the book-keeping system journals necessary for the preparation of the financial statements. * The following will be made available to the client and advisors using CYGNET . Trial Balance . Detailed audit trail . Copy of all Corporate documents . Copy of all agreements and contracts . Copy of the closing bank statements per quarter . A listing of all outstanding issues following the close of the quarter. . A creditors listing for each company with a request for funds to make the necessary funds transfer for payment. Not included in the daily activities are; * Out of pocket expenses such as telephone, courier, travel and such related costs. * Costs relating to obtaining legalisations. * Urgent requests for a swift document or repeated follow-ups. Such requests are chargeable at the relevant fixed fee. * Attending meetings related to the activities of the group companies. * Tax related services. * Continuous chasing the subsidiary companies for their financial statements. * Repeated requests to send information already sent will be charged at the relevant rates. All fees are quoted for a period of one year and exclude VAT 19% and third party disbursements |