Businesses need controls in place to make sure expenses claimed are legitimate and not inflated or outright fraudulent.
We scrutinize every financial transaction to give you the experience of accurate bookkeeping and accounting.
The word “Reconcile” refers to “Determine”, i.e., which transaction should occur under what head is the main concept of Accounting. It needs the optimum level of accuracy which usually cannot be done by the business owner himself all the time.
While recording Day-to-day entries, there is every possibility of error making while recording transactions under correct Account Heads. AccountKing takes the responsibility of reconciling all the entered accounts and placing them under the respective heads and finalize them. This will facilitate an easy taxation process.
The Services Provided by AccountKing
- Monitoring daily accounts and detect errors and other irregularities.
- Reconciling the transactions that have to be entered in the respective account heads such as – Daybook, Petty cash book, Journal entry, Fixed Asset and equipment ledger, Sales and Purchase Ledger, Inventory, payroll, Cash flow.
- Reconciling vendor accounts seperately.
- Reconciling financial statements.
- Bank Statement Reconciliation.
Delegating the work to a third party reduces half of your business work. Reduce the burden of Accounts going wrong. Hiring us would allow you to have a more accurate accounting system with perfect bookkeeping. Our collaborative accounting approach can share your business headache by performing your crucial accounting and bookkeeping activities.
We provide our clients with timely and cost-effective solutions within an efficient, compliant and confidential framework. Reconciliation of accounts provides make a healthy accounting system and practice for your organization. Additionally, bank reconciliation is nothing but comparing the bank’s records and your own for each of your accounts.