Accounting and administrative support services range from basic accounting to full administration of the management company including banking, invoicing, compliance and accounting. Often these services are combined with office rental or other services in order to fully achieve the desired goals.

OBS prepares management financial reports on a monthly, quarterly or annual basis using its specialized accounting software. Data may also be entered in the client’s accounting software through a secure virtual private network (VPN).

Many audit firms are not willing to prepare the annual financial statements in conjunction with their annual audit. OBS will compile the annual financial statements, in accordance with either US GAAP or international financial reporting standards, including all notes and disclosures.

In order to minimize the cost of the audit, OBS will prepare the reporting package required by the auditors and support the auditors through the audit process.

OBS will provide invoice services that may include some or all of invoice preparation, approval, and settlement for both revenue and expenses.

The Cayman Islands Monetary Authority (CIMA) requires funds registered in the Cayman Islands to prepare a Fund Annual Return (FAR) within six months of year-end. OBS' staff is experienced and well versed with the specific requirements.

Preparation of monthly payroll including preparation of payroll journal, calculation of withholdings, remittance of pay to employees and remittance of deductions for health insurance and pensions.