Start up

The setting up stage is crucial for public sector entities....

….as it is for any other type of organisation. At this stage public sector entities would normally require assistance to select personnel for the key positions within the organisation, to select the most appropriate accounting package to use and to set up the accounting system and internal controls. Assistance is also normally required to compile a fixed asset register to help the responsible officials exercise proper control over the assets entrusted to them.

It is often convenient and cost-effective for the entity to outsource the accounting function for the first few years of its existence, perhaps until the scale of its operations escalates enough to justify a fully fledged in-house accounting function.

Grant Thornton can assist you in all your needs.