With the construction industry slowly taking a back seat in the region, it is more important than before to ensure that the new projects awarded to needs to be closely monitored in terms of budget comparison and related cost reports. We follow Percentage of Completion (‘POC’) Method for long-term construction contracts in accordance with the International Accounting Standard (IAS 11). This process is important for our clients to help understand their business as the revenue recognition would be in tact.
With the F&B market evolving rapidly over time, it is important to be smart and implement smarter solutions to operate and capture data. We have helped our clients in implementing smart systems wherein it optimizes all aspects of a restaurant or a cloud kitchen to maximize efficiency and increase utilization
One of the most common business done in the region would be Trading looking back at the early trade history. However, with the regulatory compliance evolving rapidly it is very important to understand these regulations and make necessary changes to the businesses accordingly. With our knowledge on the banking facilities to facilitate imports and exports and ensuring the financial statements are in order when it comes with different types of imports and their treatments, we will help you every step of the way.
Most service based businesses in the region tend to not worry too much about the growth of the business. However, at an economic downturn the most affected are these service based businesses such as Engineering Consultancy, Architecture Consultancy, Financial Services Providers and the list goes on. Our state of the art Time Tracking feature would analyze the time spent versus the output delivered. This will help your businesses to be always prepared for any sort of situation that comes your way.
Be it a Fintech, be it a small time kitchen or a restaurant, be it a rental company – our team at H&F thrives on helping these businesses succeed by providing a solid feasibility report to start off with so that every penny put into the business is optimized.
