Accounting and Bookkeeping services involve the systematic recording of financial transactions, maintenance of ledgers and preparation of periodic financial information. The objective is to ensure that the books of account present a complete and accurate record of the financial activities of the entity.
Scope of Services
Services generally include:
-
Recording of day-to-day financial transactions
-
Maintenance of general ledger and subsidiary ledgers
-
Bank and account reconciliations
-
Preparation of trial balance and financial statements
-
Support for statutory audits and tax filings
Process Controls
A structured process is followed:
-
Classification and coding of transactions
-
Periodic review and reconciliation
-
Documentation of supporting evidence
-
Preparation of management information reports
Standards
Records are maintained in accordance with applicable accounting standards and the requirements of the Companies Act or other governing statutes.