Timeless Business Solution

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Management Accounts

Whether you are launching a start-up in need of small business Management Account services or already run an established business, Timeless Business Solution can offer you a convenient bookkeeping Management Accounting professionals — without you ever having to hire them. Even if you own an established business and your in-house Manager is not sufficiently qualified or is unable to keep pace with the work flow, we can provide the most efficient Management Accounting solutions at cost-effective rates. . We work with well known software programs like QuickBooks, Peachtree, Great Plains, Intacct, Pastel and other popular accounting applications.

What is Management Accounting?

The process of preparing management reports and accounts that provide accurate and timely financial and statistical information required by managers to make day-to-day and short-term decisions. Unlike financial accounting, which produces annual reports mainly for external stakeholders, management accounting generates monthly or weekly reports for an organization’s internal audiences such as department managers and the chief executive officer. These reports typically show the amount of available cash, sales revenue generated, amount of orders in hand, state of accounts payable and accounts receivable, outstanding debts, raw material and inventory, and may also include trend charts, variance analysis, and other statistics. Also called managerial accounting.

Business and Financial Plan

Timeless Business Solution have well equiped technical people who know how to help client understand and unlock their dreams by preparing the business plan for their Company as well as Financial Plan.

The meaning of Business Plan
A business plan is an essential roadmap for business success. This living, breathing document generally projects 3-5 years ahead and outlines the route a company intends to take to reach, maintain and grow revenues. A well thought out plan also helps you to step-back and think objectively about the key elements of your business venture and informs your decision-making.

The meaning of financial plan

A comprehensive evaluation of an investor’s current and future financial state by using currently known variables to predict future cash flows, asset values and withdrawal plans.

Most individuals work in conjunction with an investment or tax professional and use current net worth, tax liabilities, asset allocation, and future retirement and estate plans in developing the plan. These will be used along with estimates of asset growth to determine if a person’s financial goals can be met in the future, or what steps need to be taken to ensure that they are.

What is Artificial Intelligence?

Artificial intelligence (AI) is a wide-ranging branch of computer science concerned with building smart machines capable of performing tasks that typically require human intelligence.

Artificial Intelligence garners more frontpage headlines every day. Artificial Intelligence, or AI, is the technology enabling machines to learn from experience and perform human-like tasks.

 

Ping-ponging between utopian and dystopian, opinions vary wildly regarding the current and future applications, or worse, implications, of artificial intelligence. Without the proper moorings, our minds tend to drift into Hollywood-manufactured waters, teeming with robot revolutions, autonomous cars, and very little understanding of how AI actually works.

 

This is mostly due to the fact that AI in itself is describing different technologies, which provide machines the ability to learn in an “intelligent” way.

 

In our coming series of blog posts, we hope to shed light on these technologies and clarify just what it is that makes artificial intelligence, well, intelligent.

The Concept beyond Artificial Intelligence

Business Support

As a single source solution provider, we offer a range of Business Support Solutions to complement our Accounting Services and Solutions. Over the years, we have learned to recognize what services are required at various stages in a business’ life cycle to propel them forward.

Data Analysis

We work on your servers through your secure login access, ensuring that the data never leaves your company premises We can work on our Arusha based secure online platforms and provide you with access to the data via the internet. We have strict data security and client confidentiality policies to ensure that your data is never compromised.

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ABOUT US

Timeless Business Solution is a professional service firm that offers accounting, tax, assurance and consulting services to companies in diverse sectors in Tanzania.

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