Corporate Finance Services

Accounting, Bookkeeping & Financial Reporting

Clean books are the foundation of tax compliance and business success. TS Legal's accounting team maintains IFRS-compliant records, prepares financial statements, manages payroll, and keeps your business audit-ready year-round.

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What We Do

Our Accounting & Bookkeeping Services

Comprehensive coverage across every aspect of accounting & bookkeeping in Pakistan.

Bookkeeping Services

Complete day-to-day bookkeeping — cash/bank reconciliation, accounts payable/receivable, journal entries, and ledger maintenance.

Financial Statements

IFRS-compliant Balance Sheet, Income Statement, Cash Flow Statement, and Statement of Changes in Equity — audit-ready format.

Payroll Processing

Monthly payroll computation, salary slips, income tax deductions, EOBI/SESSI contributions, and annual salary certificate preparation.

Management Accounts

Monthly management accounts with variance analysis, KPI dashboards, and cash flow projections for informed business decisions.

Internal Audit Support

Internal control review, process audits, and audit committee support — identify risks before external auditors do.

Audit Assistance

Complete support during statutory audit — schedules preparation, auditor query responses, and financial statement finalization.

Our Process

How We Work

A structured, transparent process that delivers results — every time.

Onboarding

Review existing records, accounting software, and chart of accounts setup.

Data Migration

Organize historical transactions and clean up outstanding items.

Monthly Cycle

Regular bookkeeping, reconciliations, and management reporting.

Year-End Close

Final accounts, tax provisioning, and audit-ready financial statements.

FAQ

Frequently Asked Questions

What accounting software does TS Legal use for bookkeeping?

TS Legal's accounting team works with QuickBooks, SAP Business One, Microsoft Dynamics, and Xero — adapting to your existing system. We can also set up a new accounting system appropriate for your business size and complexity.

What is the difference between bookkeeping and accounting?

Bookkeeping is the systematic recording of daily financial transactions (invoices, payments, receipts). Accounting involves interpreting, classifying, analyzing, and reporting on those records — including financial statements, tax provisions, and business advisory. TS Legal provides both as an integrated service.

Are IFRS financial statements mandatory for all Pakistani companies?

Under Companies Act 2017, listed companies must follow full IFRS. Unlisted companies with net assets over PKR 500M follow IFRS. SMEs may use IFRS for SMEs. TS Legal prepares financial statements in the appropriate framework for your company size and listing status.

Can TS Legal provide accounting services remotely?

Yes. TS Legal provides remote accounting services with secure document sharing, cloud-based accounting platforms, and regular video reporting sessions. Clients across Pakistan and internationally are served this way.