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.