MEXICO

 

Payroll

We offer payroll services and the preparation of monthly and annual information and reports:

• Prepare and calculate weekly, biweekly, or monthly payroll payments
• Prepare and forward the company payroll receipts and food vouchers
• Prepare and forward the company specific monthly payroll reports
• Prepare payroll earnings and deductions based on specific reported incidences
• Process employment taxes, expenses, and registers
• Prepare calculations for employment terminations and contract rescissions
• Ensure the preparation of monthly SUA calculations
• Other employment needs our clients may have.

All payroll-related work will be prepared by one of our experts in our office.

BDO provides payroll services to ensure that our clients comply punctually and efficiently with their tax and labor obligations based on their current remuneration policies.

Accounting

We systematically record operations that affect business assets by encoding accounting entries and generating the following monthly and annual financial information:

• Book operations related to the daily and general ledger
• Prepare working papers and book depreciation and amortization of fixed assets, deferred charges, and advance payments
• Prepare and release monthly and accumulated financial statements
• Prepared specific monthly reports concerning critical business activities. These reports will provide management with timely and reliable information concerning events and activities that have a greater impact on the business operations.
• Prepare bank reconciliations
• Prepare other accounting records required by statutory and fiscal guidelines
• Study and interpret accounting data in order to determine any possible causes of insufficiencies and to recommend the different department heads with action plans to improve the information and to decrease or eliminate tax contingencies.
• Prepare accounting records that contain wage, salary, and payroll changes
• Establish service agreements with our clients
• Cover other informational requirements that our clients request

Internal Auditing

Do you have any doubts whether your Internal Audit department is satisfactorily doing the following?

Strengthening the internal control of its operations;

Assisting in maximizing its processes;

Monitoring and identifying the financial, operational, and IT risks of the business; and

Maintaining its independent and objectivity.

BDO will assist you in making the internal audit functions within your organization more efficient and profitable by coordinating your departmentīs activities by means of our outsourcing service or by taking on the entire department with our outsourcing service. We have prepared and experienced professionals needed to assist you in more efficiently identifying, evaluating, and handling those risks that can negatively affect your organizationīs ability to reach its goals and successfully execute its strategies.

Allow us to help you find a positive solution to the following questions related to your Internal Auditing department:

Who do you report to administratively?

What does internal auditing consist of?

How do you get and keep the experience needed to carry out your work?

How is the audit plan developed?

What happens if the audit plan is not covered?

How are corporate managers required to respond to findings and recommendations?

What services does Internal Audit provide with regards to fraud?

How is the effectiveness of the Internal Audit department evaluated?

Does Internal Audit have enough resources?

Are you sure that your organization has adequate internal controls for its most significant risks?

Our Methodology

The methodology used by BDO allows us to provide you with reasonable certainty that your organizationīs goals will be able to be met with an acceptable level of residual risk. How?

• Together with you, we would identify the risks that could adversely affect your organizationīs ability to reach its goals
• Assisting you in evaluating the impact that these risks could have within your organization
• Following the treatment and/or actions needed to be established in order to reduce the probability of risk exposure
• Designing an audit program based on your businessī risk principles
• Evaluating the sufficiency and effectiveness of your current internal controls
• Obtaining action plans for those responsible for correcting those control deficiencies that are identified Informing General Management and the Audit Committee of our results for timely and adequate decision making

Other Related Services:

Financial, Operational and Compliance Risk Management

We support our clients in identifying their financial, operational, and compliance risks with laws and regulations in order to determine the impact that could have on the organizationīs goals. Our support extends to prioritizing and determining the treatment for each of the risks and establishing a permanent monitoring program on each.

Fraud Prevention

We will provide a tool to evaluate the effectiveness of antifraud programs of those organizations committed to conserve their investorsī interests, resources to improve them, or a guide for their development when they do not exist.

Design of Policies and Procedures

We assist our clients in designing and implementing effective control policies within their organizations that assist in adequate operations and management of their businesses.