Traditional Acounting Services

Salamar has 10+ years of experience helping businesses accomplish day-to-day accounting tasks. Whether you are short on resources or just prefer not to handle these tasks in-house, Salamar is happy to be a part of your accounting team. We can help keep your business running smoothly with efficient and effective accounting services.

How Salamar Can Help Your Business:​

  • Bookkeeping services

  • Payroll reporting

Business Solutions

Assurance of consistency and compliance, management of company changes and other legal ad hoc tasks

 

ACCOUNTING SERVICES INCLUDE:

  • Calculating daily, weekly, monthly or quarterly net asset values
  • Independent valuation of portfolio ensuring accuracy and accountability
  • Automatic calculation across all performance or fund structures
  • Provision of Investment Managers’ reports including portfolio analysis and corporate governance
  • Independent reconciliation and verification of portfolio to prime broker/custodian
  • Maintenance of share register and all anti-money laundering information on investors
  • Maintenance of books and records of the fund in accordance with the funds governing documents
  • Monitoring and recording all corporate actions relating to the portfolio
  • Reconciliation and record of all income and expense accruals attributable to the fund

FUND VALUATION SERVICES INCLUDE:

  • Daily reconciliation of cash balances and positions with prime broker
  • Automated upload of daily trading activity from the investment managers trading system or prime broker
  • Independent pricing and fund valuation
  • Processing of corporate actions and dividends
  • Expense accrual management
  • NAV production and distribution – monthly or estimated daily and/or estimated weekly basis
  • Series accounting and equalization support.
  • Cash management and reconciliation
  • Calculation and timely payment of all management and performance fees in accordance with the key agreements.
  • Preparation of interim and annual financial statements, including co-ordination of the annual audit.
  • Web access for investment managers to obtain daily return information and other performance indicators

Training & Consulting

Salamar Financial offers a team of certified QuickBooks ProAdvisors that can help improve your understanding and proficiency with the many tools and features available to you in QuickBooks.

Here’s how Salamar can help:

  • Offer assistance from highly qualified QuickBooks ProAdvisors

  • Share knowledge of QuickBooks and QuickBooks Online tools and features with your in-house staff

  • Help increase compliance with accounting standards

  • Reduce the burden and stress related to your recordkeeping and financial reporting

Financial Statement

At Salamar we pride ourselves on offering high quality assurance services including audit, review, and compilation, with professionally prepared full-disclosure financial statements.

Benefits of Salamar’ attestation & financial statement preparation services:

  • Knowledge of all types of businesses, ranging from manufacturing to service to equipment financing

  • Personalized attention and advice from highly qualified professionals

  • Time-tested, cost-efficient procedures developed over the past 15 years

  • Effective quality control to ensure services provided are of the highest quality

  • Flexibility to tailor our attestation services to meet the needs of your company

Increase Efficiency

With the help of our IT partner, Salamar can eliminate wasted manpower and maximize the efficiency of employees and other resources through process automation.

What you will get with Business Process Automation:

  • Customized programming from highly-qualified IT experts

  • Reduced costs and complexity through configuration of your existing environment

  • Improved operational performance with real-time monitoring and automated escalations to keep processes moving efficiently

  • Detailed reporting that offers insight into process performance and team member workflow

  • Increased processing speed and quality by guiding appropriate tasks to the most qualified available team member

  • Improved collaboration by seamlessly tracking communication between team members and customers

  • PCI compliance

IT Consulting

Dependable technology is imperative to keeping your business running smoothly, and even the smallest hiccup can cause hours of lost productivity. Our affiliate, Salamar has a staff of experienced IT specialists ready to assist you with all of your pressing technology issues from hardware installation and applications, to firewalls and network support.

Our IT Consulting Services:

  • Installation, migration, testing, and support

  • Preventative system monitoring

  • Hardware maintenance – local and remote

  • Software updates – manual or automatic

  • System performance optimization

  • Centralized mobile device management and security

  • Firewall, encryption, virus, spyware, and spam protection

  • IT set-up for new employees

Payroll Administration

  • payroll processing and personnel consultancy
  • alculating reimbursement of travel expenses
  • assessing payroll benefits
  • elaborating tax returns and annual tax reconciliations
  • representation before authorities

Tax Consultancy

We are a team of tax consultants with a network of tried and tested contacts even from other professions. We are ready to engage in your projects and help you with efficient risk management with regard to the ever-transforming legislation in the following fields:

  • continuous tax consultancy
  • drawing up tax returns
  • representation before the tax administrator
  • VAT and support in the course of customs procedure
  • taxation of foreign workers
  • customized tax trainings
  • due diligence

Economic Consultancy

Comprehensive financial audit for the acquisition or sale of a company. You will find this service invaluable when founding a company or transforming it by amalgamation, sale, lease of the business as well as in the event of liquidation of the company.