Assistance with the assessment of whether the Group exceeds the statutory thresholds to prepare consolidated financial statements.
Assistance with the consolidation procedures.
Assistance with the preparation of the consolidated financial statements in accordance with the relevant financial reporting framework (GFRS 102 and IFRS) and Gibraltar Companies Act.
We can assist clients in drawing up their consolidated accounts by:
Providing assistance with the aggregation and consolidation of the Group figures.
Enhancing the consolidation processes’ completed by a client
Prepare and present the consolidated financial statements under GFRS 102/IFRS
Accounting advisory for specific transactions
Outsourcing accounting function
How we can assist:
Assisting you with your day-to-day bookkeeping and any other accounting services that may be required.
Providing advice on processes within the accounting function that may be improved or enhanced.
PwC Gibraltar has collaborated with XERO to provide cloud accounting services to our clients. XERO is a cloud-based accounting software platform for small and medium-sized businesses. It performs bookkeeping functions like invoicing and payroll. The software even allows you to connect to a live bank feed.
Please see some of the features of XERO are shown below:
Data protection and storage
Faster payments and cash flow management
Easy access anywhere anytime (XERO mobile app)
Free online support 24/7
XERO allows for both cash and accruals basis of accounting and is appropriate for any type of accounting standard (IFRS and UK GAAP). There are different types of plans depending on the business needs, from ledger and cash books up to the premium plan which is suitable for businesses using multiple currencies.
At PwC Gibraltar, all staff members in the Accounting and Advisory Services Department are proficient with the core features of XERO and have passed the XERO advisor certification program.