eGaming & eCommerce
SMP have a dedicated eGaming Accounting and Financial Control team who focus specifically on the daily, monthly and annual reporting and accounting requirements of their eGaming clients. They are not simply carrying out the standard annual accounting process, they work full time to ensure the financial management and reporting aspects of our clients’ businesses are fully tailored to meet their requirements.
The team includes seasoned accounting professionals with years of experience in the eGaming industry. This invaluable experience, coupled with full back-up from SMP Accounting & Tax, the sister accountancy practice of SMP Partners Ltd, ensures that all our clients receive a service that not only fulfils the Isle of Man’s statutory requirements but adds significant value to their business.
Working closely with the administration team, the eGaming accounting and financial control team effectively play the role of a stand-in financial controller or company accountant; an invaluable service which allows newly licenced and existing eGaming companies the possibility to reduce their staff budget, at least while the operation plants its roots and grows.
Some of the specifics include weekly cash reporting, player fund reconciliations, Periodic bookkeeping and accounting to suit requirements, monthly management accounts, quarterly reporting to the board and GSC and of course the standard annual financial statements, preparation and filing of the annual tax return and liaison with the auditors. These services can be fine-tuned and tailored to suit our clients' specific operational requirements.