Accounting & Bookkeeping
Monthly bookkeeping, IFRS/BFRS financial statement preparation, MIS reporting, historical backlog cleanup, and accounting software setup.
Service Overview
Growing SMEs, startups, and foreign subsidiaries in Bangladesh often struggle with fragmented spreadsheets, unrecorded withholding taxes, and delayed monthly closes. Without structured books that align simultaneously with IFRS/BFRS and Bangladesh’s tax/VAT rules, management lacks visibility into real margins and cash flow.
M.S. Salekin & Co. provides outsourced monthly bookkeeping, financial statement compilation, management information system (MIS) packs, and historical accounting cleanup—giving your leadership team clean, audit-ready financial records every month.
Who This Service Is For
- SMEs, startups, and trading firms seeking professional finance function management without hiring a full in-house team
- Foreign subsidiaries, Branch Offices, and Liaison Offices needing dual reporting (local BDT books + group IFRS packs)
- Companies with historical accounting backlogs preparing for statutory audit, bank financing, or investor due diligence
- Enterprises migrating from manual ledgers or spreadsheets to TallyPrime, QuickBooks, Xero, or Zoho Books
What We Do & Key Deliverables
Every engagement is scoped in writing with clear outputs reviewed by Mohammad Sirajus Salekin, FCA.
Monthly Bookkeeping & Voucher Recording
Systematic recording of sales, purchases, expenses, petty cash, bank transactions, and TDS/VDS deductions with proper voucher indexing.
Bank, Party & Tax Ledger Reconciliations
Monthly reconciliation of bank accounts, mobile financial services (MFS), customer receivables, supplier payables, and NBR tax/VAT control accounts.
IFRS / BFRS Financial Statement Compilation
Preparation of Statement of Financial Position, Statement of Profit or Loss, Cash Flow Statement, Changes in Equity, and explanatory disclosure notes.
Management Information System (MIS) & Budgeting
Monthly management packs covering gross/net margin analysis, cost-center profitability, aging schedules, cash flow forecasts, and budget-vs-actual variance reports.
Accounting Software Implementation & Backlog Cleanup
Designing Bangladesh tax-compliant Charts of Accounts in TallyPrime, QuickBooks, or Zoho Books, and reconstructing prior-period accounts from primary vouchers.
Documents Typically Required
We share a customized document request list upon engagement onboarding. Core records typically include:
- Monthly bank statements, cheque counterfoils, and MFS/payment gateway statements
- Sales invoices, delivery challans, purchase bills, and supplier payment vouchers
- Petty cash sheets, utility bills, rental agreements, and salary disbursement sheets
- Prior year audited financial statements and opening Trial Balance
- Copies of deposited TDS/VDS challans and monthly Mushak 9.1 returns
Typical Engagement Timeline
Actual turnaround depends on transaction volume, readiness of primary records, and regulatory authority processing queues.
Chart of Accounts & Opening Balance Setup
Structuring cost centers, tax ledgers, and migrating opening balances.
Monthly Closing & Reconciliation Cycle
Posting transactions, reconciling banks, and delivering the monthly Trial Balance & MIS pack.
Historical Accounts Cleanup (If required)
Reconstructing ledgers from bank statements, invoices, and statutory filings.
Relevant Bangladesh Laws & Authorities
IFRS / BFRS (ICAB & FRC)
Accounting standards governing recognition, measurement, and presentation of financial statements
Income Tax Act 2023 (Banking Channel Rules)
Requires specific expense thresholds (salary, rent, raw materials) to be routed via banking channels
Companies Act 1994 (Section 181–185)
Mandates maintenance of proper books of account at the registered office
Frequently Asked Questions — Accounting & Bookkeeping
Let’s talk about what comes next.
Schedule a confidential initial consultation with Mohammad Sirajus Salekin, FCA (Fellow Chartered Accountant (FCA), Member of ICAB) to discuss your organisation’s statutory requirements or personal tax filing.