Daily/Weekly/Monthly Bookkeeping
What It Includes
- Routine recording of all business transactions—sales, expenses, receipts, payments, invoices, and bills—based on your preferred frequency.
Benefits
- Helps you make timely decisions based on fresh data.
- Ensures your books stay up to date at all times.
- Provides real-time financial visibility.
- Prevents month-end workload buildup and errors.
General Ledger Maintenance
What It Includes
- Organizing, posting, and maintaining all financial accounts, including assets, liabilities, equity, income, and expenses.
- Ensures all transactions are accurately categorized.
Benefits
- Supports compliance with accounting standards.
- Guarantees clean and accurate financial statements.
- Reduces discrepancies and improves audit readiness.
Bank & Credit Card Reconciliations
What It Includes
- Matching your bank and credit card transactions with your books to identify missing, duplicate, or incorrect entries.
Benefits
- Helps maintain correct cash flow reporting.
- Ensures accuracy and completeness of financial records.
- Detects fraud, unauthorized charges, and banking errors early.
Petty Cash & Suspense Account Reconciliations
What’s Included
- Tracking small cash expenses, validating receipts.
- Clearing temporary suspense entries by assigning them to proper accounts.
Benefits
- Eliminates uncleared and confusing entries from your books.
- Ensures no expense is overlooked or misclassified.
- Strengthens internal controls and accountability.
Accruals, Prepayments & Journal Entries
What It Includes
- Recording expenses and income in the correct accounting period, adjusting entries.
- Managing prepayments such as insurance, rent, and subscriptions.
Benefits
- Supports accurate month-end and year-end closing.
- Ensures true financial performance reporting.
- Prevents profit overstatement/understatement.
Month-End & Year-End Adjustments & Reclassification
What It Includes
- Closing the books with all necessary adjusting entries
- Reclassifying mis posted items, correcting errors
- Preparing schedules for review.
Benefits
- Provides a clean start for the next period.
- Produces accurate monthly/annual financial statements.
- Makes audits, tax filing, and budgeting easier.
Management Reports with Commentary
What It Includes
- Providing monthly/quarterly management reports such as P&L, Balance Sheet, Cash Flow, AR/AP aging, with clear explanations and insights.
Benefits
- Identifies trends, risks, and opportunities.
- Helps you understand financial results in simple terms.
- Supports strategic decision-making.
Statutory Accounts – GAAP, IFRS Compliance
What It Includes
Preparing financial statements in accordance with
- GAAP (USA)
- IFRS
Ensures compliance with legal, industry, and reporting standards.
Benefits
- Enhances transparency for lenders, investors, and stakeholders.
- Meets regulatory and taxation requirements.
- Avoids penalties and compliance issues.
Coordination with Auditors or External Parties
What It Includes
- Communicating with auditors, tax consultants, bankers, vendors, and other external parties.
- Preparing required schedules, supporting documents, and clarification notes.
Benefits
- Minimizes risks of compliance errors or delays.
- Reduces your workload and stress during audits.
- Ensures smoother, faster audit or review processes.