Our Services

• Statement of Financial Position (Balance Sheet) 
• Statement of Comprehensive Income (Income Statement) 
• Cash Flow Statement
• Notes to support statements

We will sit with your team and provide the understanding on a monthly basis of your financial performance, together with any variance analysis, such as performance against budget. This services can be accessed as a monthly, quarterly and annual service.

We will also highlight the areas that we can suggest require improvements or where opportunities may exist.  OBMC will work together closely with you to ensure that you achieve and surpass your expected futures, while highlighting any threats that may exist.  This allows business owners who are not qualified accountants or financial managers to be able to understand the performance of their businesses and make informed decisions 

Every company is required to file their relevant statutory documents and payments at predetermined frequencies be it monthly, quarterly or annually. Based on the data provided, we can compute and remit your statutory returns for you. This is one less stressfully activity that you can not worry about, as you focus on running the business.  The statutory return include: 

• National Insurance Scheme 
• Health Surcharge 
• Pay as you earn (PAYE) 
• Green Fund Levy 
• Business Levy 
• Value Added Tax 
• Corporation Tax 
• Withholding Tax

Being tax compliant is one of the most important aspects of running a business, but it is also one of the most stressful tasks for business owners.  OBMC can also undertake the review of tax implications for business proposals and advise on actions that best suit the company  Remove the hassle and frustration and leave it to the experts at Oculus Business Management Consultancy. All records retained are also stored in secured digital space to allow for business continuity and loss prevention.

 In order to ensure that you are making the right decisions for your company, you will want to ensure that you have accurate records of the activities of the organization. Recording activities have many advantages including: 

• You get monthly financial performance reports 
• Analysis on what you expected (budget) versus what actually occurred 
• Historical comparative data Customer analysis 

Recorded data can provide a range of information for you to make informed decisions. We will take your daily records provided to us and have the data entry completed that can yield these reports. You only need to focus on the day to day running of the business and we take care of the back end reporting for you.  

Bookkeeping is equivalent to the many accounts clerks in your accounting unit, but simplified and made much more affordable. By outsourcing your bookkeeping, you have the advantage of expert analysis of the data provided, timely reporting and industry analysis to help make informed decisions. 

One of the products that flow out of bookkeeping will be the bank reconciliations. We take the activities as listed in your bank statements and reconcile these to your actual activities you have recorded. Any anomalies are brought to your attention for immediate action.  Bank reconciliations are vitally important to any company. This is your real time cash available for you to use to run your business. If you have no cash, you cannot issue cheques or pay staff. Hence, your business can be severely compromised. 

All receipts and payments are identified and reconciled to your cash and cash equivalent activities.   Independent bank reconciliations are also an advantage to a company. This results in unbiased analysis of the cash book and bank account and ensures that all monies are accounted for based on data supplied.

Our payroll services include:  

• Processing of payroll based on company frequency requirement (monthly, bi-monthly, weekly etc…)
• Completion of statutory remittance documents (NI, PAYE, H/S) 
• Remittance of statutory payments 
• Annual payroll reconciliations and TD4 certificates
• Confidential payslip generation (including emails)
• General ledger accounting journals aligned to chart of accounts 

Our comprehensive services makes your payroll processing and reporting easier without the hassle of having to manage staff and remittances. We also provide the accounting reconciliations for payroll.  If taken together with the Financial Statements Module, the payroll function is integrated into the reporting and makes the reporting seamless.

Every good business plan includes a budget. Simply put, a budget is where you expect to see your self in the coming year and beyond. One misconception is that a budget is only about how much profit that can be achieved in the future, and this is where many businesses fail. 

A budget, whilst producing summary financial predictions and financial positions, should include details of areas that need attention, such as staff welfare, investment opportunities, skill development. In other words, both the quantitative and the qualitative aspect of the business. 

We will sit with your team, understand what they want to achieve, and how they want to get there, cost each element of these activities, understand the revenue generators and bring it all together in a combined picture that shows you the possible practicality of doing so.  Budgets can then be used to build out your team’s Key Performance Indicators and be used in annual performance review and gratuity payments.  Budgeting techniques employed include zero based budgeting, incremental budgets and rolling budgets, as well as, forecasts when purchased along with the Financial Statements module.

The understanding of business finance is a pillar stone in any successful company. Many mis-understand accounting as being finance, when in fact, these two areas are very distinct from each other.  Accounting this the transactional entries and treatments according to the accounting rules and standards.  Finance uses the data provided by accounting to determine future outcomes, investment opportunities, strategic planning and many other areas.

Oculus Business Management Consultancy provides training for accounting personnel, finance personnel and non-finance personnel. All training sessions are tailored to match the target audience.  We can train your accounting staff in data entry, understanding the fundamentals of accounting, production of financial statements and variance analysis amongst others.  Non-Financial staffing having an understanding of how finance works and using this in their day to day functions, have great positive impacts on an organizations. Our clients have reported a great results and improvements in departments who have undergone the Finance for Non-Financials Training Sessions.

Great Leadership in an organization is of paramount importance to ensure its future success and survivability.  Our training sessions for Leaders in your organization goes beyond financial training.  Leadership training sessions covers areas such as:  

• Emotional Intelligence for Leadership 
• The Authentic Leader 
• Resilience and what it means for the Leader 
• Marketing and the Leader
• Managing Others

One area that many companies fail to plan for is for a successor in varying areas. The development of key personnel is important to ensure little business disruptions. Staff leave an organization from time to time, and what better way to fill these vacancies than from internal.  OBMC provides training for all levels of staffing, including:  

• Effective Supervisor Management 
• Human Resource Management
• Effective Time Management
• Operational Process Development 

We focus on improving the organization's capability through the alignment of strategy, structure, people, rewards, metrics, and management processes.   This enables any organization to better respond and adapt to changes in the industry and markets and technological advances.   The methodology we employ include: 

• Identifying the needs of your organization  
• Decide on how these needs are to be addressed  
• Selecting an intervention  Implementing an intervention  
• Assessing the impacts of the changes  
• Provide assessment feedback 

Oculus Business Management works with management and executive of the business to develop strategic plans that aligned to stakeholder expectations.  All stakeholders expect a return on their investments, debtors expect to be repaid, staff expects their salaries, executives expects their bonuses and we can go on and on. All these hinges on a successful strategic business plan. 

Strategy is not a stagnant or fixed tool, but it is ever changing and we work with management over a longer term period to ensure that their strategic plans are a living organism in the organization.  We meet with staff and train the key personnel in the organization with responsibility in achieving the goals of the organization.  OBMC also facilitates general meetings for the rollout out of strategies and conduct focus groups geared towards the buy in of staff and also the understanding of what the general employee and customer feedback is with respect to the company's product offerings. 

We undertake a review of the entire business operations. Our clients are provided with a SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis, and details of areas where efficiencies can be achieve and where processes can be improved.  Our review goes in depth to understanding the software used in the day to day operations, and align these to the business processes and policies. 

We can develop business processes and policy documents based on the business operations.   Most business conduct their operations without written documentation of policies and procedures, and they are at risk when the staff member who has the institutional knowledge exits the business.   Documentation is important and allows for business continuity. In fact, these should be part of a business continuity plan. 

The Principal and Founder of OBMC also sits on varying Boards and is a key driver on business transformation and development through people engagement.

Ensuring that you have the right employee in your company is one of our expertise. We do all the recruitment field work for you, including: 

• Advertising the vacancy 
• Using our database of candidates to determine a suitable fit 
• Initial interview to ensure the candidate matches the expected specification 
• Set up and manage the interview 
• Host panel interview sessions In person and virtual interviews 
• Personality tests 
• Assessment centers 
• Compile interviewer scores and feedback