Accounting Supervision
Since accounting is the most crucial aspect of any business’ operations, it must be set up and maintained. Long-term profitability for your company depends on maintaining your finances appropriately.
HOW CAN WE HELP?
- Aiding with the monthly maintenance of the company’s accounts
- Setting up a chart of accounts and installing low-cost online or utilizing existing offline accounting software
- Recording entries in the new software to keep the accounts up to date.
- Coaching the company accountant to ensure proper accounting practices are used for recording all expenses and sales.
- Conducting monthly bank reconciliation
- Conducting quality checks on vouchers and invoices
- Maintaining a proper audit trail of all transactions
- Scrutinizing the generation of profit and loss accounts, balance sheets, and cash flow statements
- Reviewing the accounting for any necessary adjustment entries via journal vouchers
- Compiling monthly financial statements and submitting them to management