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General Services

MKALWOGA FINANCIAL ASSOCIATES offers the following general services based on tax,auditing,accounting,underwriting procedures, Business consultancy, Project appraisal, Business planning and Financial analysis.

Thus, MFA offers the following services in general:

  1. Business plan preparations for either business start ups, expansion or loan acquisition.
  2. Business software designing, installation and training.These Softwares can be designed in English or Kiswahili. We design softwares for any business for example hotels,filling stations, Godowns, Schools, Shops, Pubs, Bars, Canteen and Cafes.
  3. Preparation of VAT monthly returns through VAT ELECTRONIC FILLING.
  4. Preparation of Audited Consolidated Financial Statements.
  5. Proposal writting for fund requests for projects implementation of NGOs.
  6. Preparation of VAT refundable/claims or payable.
  7. Adjusting business transactions from Incomplete records/single entry records to complete records in compliance with International Financial Reporting Standards (IFRS ) and International Accounting Standards (IAS).
  8. Producing Constitution of NGOs, CBOs, FBOs and ASSOCIATIONS.
  9. Preparation of Memorandum of Association and Articles of Association.
  10. Giving guidance or assistance on how to register businesses (company i.e private or public, limited or unlimited company, partnership or Sole proprietorship.
  11. Preparation of Final Return and paymemt for the self assessed tax before due date, that is before the end of 6 months from the closing of the past accounting test of income.
  12. Estimating a provisional tax for a taxpayer.
  13. We are working as private accountants
  14. Writing research proposals.
  15. Providing entrepreneurship trainings.
  16. Preparation of Feasibility Study reports.
  17. We work as Business advisors.
  18. We act as lease estate agents for both plots and houses for buying or renting.
  19. We provide financial analysis services for businesses or organizations.
  20. We conduct project appraisal consultancy on how to evaluate the net cash flows for the project before implementation, therefore testing for the level of project profitability.
  21. Installation of different accounting softwares
  22. Installation of Computer antivirus
  23. Website designing and hosting.

Financial analysis

  • Debtors analysis
  • Creditors analysis
  • Trial balance errors determination
  • Bank reconciliation
  • Profitability ratios calculations and interpretation
  • Return on investment calculations and interpretation
  • Cash flow statement preparation
  • Trading and Profit and Loss Account preparation
  • Asset valuation
  • Disposal of assets
  • Fixed asset register preparation
  • Liquidity ratios calculations and interpretations
  • Cash disbursement analysis
  • Accounting packages configuration
  • Accounting packages applications on posting of transactions and extracting final reports.

Project Appraisal

Also MFA offers the following services:

  • We conduct project appraisal consultancy on how to evaluate the net cash flows for the project before implementation; therefore testing for the level of project profitability.
  • Conducting general investment analysis.
  • Net present value calculations.
  • Ordinary annuity and annuity due calculations and applications in investments.
  • Projects evaluation and monitoring.
  • Final project report preparations.
  • Donor financial reports preparations.
  • Logical framework preparation and work plan preparations.
  • Project budgeting.
  • Project variance analysis.

Business Consultancy

MFA offers the following services on the following category:

  • Business plan preparations for either business start ups, expansion or loan acquisition.
  • Producing Constitution of NGOs, CBOs, FBOs and ASSOCIATIONS.
  • Preparation of Memorandum of Association & Articles of Association.
  • Giving guidance and assistance on how to register businesses (company i.e. private or public, limited or unlimited company, partnership or sole proprietorship).
  • We are working as private accountants.
  • Writing research proposals.
  • Providing entrepreneurship trainings.
  • Preparation of feasibility study reports.
  • We work as Business advisors.
  • We also deal with general business consultancies.

Real Estate Agents and Brokers

MFA offers the following services under this category:

  • Acts as brokers for plots buying and selling.
  • Acts as agents/brokers for housing (buying, selling or renting).
  • Act as stock market brokers.
  • We conduct underwriting of securities(i.e. bonds, public offering or share pricing and selling).

Auditing and Assurance

MFA offers the following services on audit and assurance basis:

  • Stock audit
  • Sales audit
  • Preparation of proper accounting records keeping; that is financial statements (Balance sheet, Income statement and Cash flow statement).
  • Preparation of Audited Consolidated Financial Statements.
  • Adjusting business transactions from Incomplete records/single entry records to, complete records in compliance with International Financial Reporting Standards and Generally Accepted Accounting Practices (GAAPs).

Tax Consultancy

MFA offers tax consultancy on the following issues:

  • Online VAT REGISTRATION and TIN REGISTRATION.
  • Preparation of VAT monthly returns through VAT ELECTRONIC FILLING.
  • Preparation of VAT refundable/claims or payable.
  • Preparation of Final return and payment for the self assessed tax before due date; that is before the end of 6 months from the closing of the past accounting year of income.
  • Advisory on the presumptive tax to be paid depending on annual turnover
  • Preparing 1st,2nd,3rd and 4th Installment of estimated tax for the current year of income before due date required by TRA.
  • Customs and excise duties consultancy.