Accounting and payroll support services background

KPMG in Egypt has a specialised Accounting & Payroll Support Services department staffed with experienced personnel, with in-depth knowledge and experience in serving local and multinational companies of various lines, scales, market investments and complexity of professional attributes. This department is headed by Ahmed Mansour, he is supported by a professional team possessing KPMG worldwide knowledge and having gained experience from around the globe.  

The services provided:  

Outsourcing services

Providing professional assistance in designing a proper chart of accounts and maintaining accounting records in accordance with the Egyptian Accounting Standards and the company’s requirements that help management issue different types of financial reporting packages.Secondment of professional accounting staff: providing professional assistance on a secondment basis through experienced accounting staff selected carefully to meet the clients’ needs and expectations. Recording manual statutory booksMaintaining and recording the company’s manual statutory accounting books ‘General Journal Book and Inventory Book’ as requested by the Egyptian commercial law and for tax purposes.

Payroll services  

Preparing the monthly payroll calculation, including computing the salary tax, social insurance contributions and amounts due to be paid to employees.  

Preparing assets tracking (assets tagging system)

Preparing an ideal fixed assets register to enable the company’s management to extract various types of reports and maintain an effective control system over its fixed assets, providing assistance for activating an electronic barcode system to facilitate the periodical physical count procedures.