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Technology

TCA Consultancy offers specialized accounting services for businesses in the technology industry, where rapid innovation and complex financial models are the norm. TCA understands the unique financial challenges that technology companies face, such as scalability, intellectual property (IP) valuation, and managing large R&D investments.

Technology companies often have complex revenue streams, such as subscription-based models, software licensing, or multi-year contracts. The timing of when revenue is recognized becomes crucial. Under standards like IFRS 15 or ASC 606, tech firms must recognize revenue when obligations are met (e.g., when services are rendered or milestones are achieved), rather than when payment is received.

Solutions

At TCA Consultancy, our Industry Accounting team has years delivering comprehensive tax, accounting, and lifecycle planning services designed to enhance our clients' overall business performance. We go beyond the numbers, focusing on the economic, legislative, and political factors impacting this sector, while also staying connected with key providers and industry influencers to bring added value to our clients.

Cost Accounting

TCA helps businesses track production costs, overheads, and labor expenses, ensuring accurate pricing strategies that optimize profitability.

Inventory Management

TCA provides solutions for managing raw materials, work-in-progress, and finished goods inventory, minimizing waste, and improving cash flow.

Financial Reporting & Analysis

TCA delivers detailed financial reports, analyzing production efficiency, profitability, and market performance, which aid decision-making.

Budgeting & Forecasting

TCA assists industries in creating robust budgets and sales forecasts that anticipate market demands and resource allocation.