Closing the books is an important part of the accounting cycle, and serves as a cutoff point for transactions. It is an error-prone and time consuming process. We will professionally manage your month-end close tasks and provide you with accurate and up-to - date monthly reports that will enahnce accountablity.
We monitor your cash on hand and keep detailed records of cash receipts and cash payments. By taking the guess-work entirely out of the equation, we help you with a detailed analysis of your cash by streamlining the entire process and providing you with timely and accurate reports.
Accurate financial reporting relies on an accounting process with solid internal controls. And one of the most important internal controls is the balance sheet reconciliation process. We cross-check balances and entries with documentation (e.g., bank statements) and verify that all of your entries are recorded and classified correctly that helps in keeping your balance sheet accurate and free of errors.
Board packs are a major component of board papers – the key source of information for directors prior to board meetings. To ensure your board meets their statutory obligations, we compile board packs which include an agenda, minutes from the previous meeting, documentation, a CEO report on risk and compliance, financial reports, major correspondence and any other ad hoc material.
Bank reconciliations may be tedious, but the financial hygiene will pay off. When we “reconcile” your bank statement or bank records, we compare it with your bookkeeping records for the same period, and pinpoint every discrepancy, so you can be certain there’s no money that has gone “missing” from your business.