Accounting General Ledger Maintenance
Outsourced accounting services Though Accounting General Ledger Maintenance is regarded as a day-to-day job, many organizations do not realize it requires the involvement of an expert bookkeeper and accountant to avoid mistakes that can affect the financials of a business.
It is important to classify the business transactions into appropriate heads as per the prescribed accounting standards and the applicable legal provisions. The data recorded is therefore arranged by assigning every transaction a suitable and appropriate head as required under the Government policies or IRS regulation.
Generally 'Day Books' include the following books
- Purchase book
- Sales book
- Cash book
- General ledger
- Supplier's ledger
- Customer's ledger
If the above books are prepared properly by the bookkeeper, it facilitates to prepare key financial statements like Profit and Loss Statement and balance sheet effectively.
Outsourced Accounting general ledger services include the following
- Process stock movement and adjustment journals
- Process asset purchase, disposal and depreciation journals
- Process pay roll journals
- Review all general ledger accounts and correct any posting errors
- Reconcile all balance sheet control accounts
Why to outsource Accounting General Ledger Maintenance
- Enables lenders and investors to see accurate and complete books Provides an accurate picture of your organizations income.
- Helps you to keep track of work without spending too much time on monitoring activities.
- Provides real time reports that can give you instant access to information
- Costs cuts on your expensive bookkeepers and accountants
- Access to skilled online bookkeepers and accounts
- High quality accounting general ledger maintenance
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