Updating Of Backlog Accounts: Companies that have been in operation for few years, especially SME’s in Ghana would not have maintained their books of accounts and would be managing their transactions either in the old-school way of recording in books or excel sheets.
With different laws mandating the maintenance of books of accounts, business find it difficult to set apart time for recording the old transactions in an orderly manner.
What do you mean by Updating of Backlog Accounts?
Updating Of Backlog Accounts is the process of recording prior period transactions from the inception of the business and ensuring all transactions are captured such as to portray the true position of a company. It defines the financial position of a company, paving way to perceive the future of the business.
The benefit of Backlog Accounts Services in Ghana
Companies that are aware of the importance of recording transactions in an orderly manner would have hired staff for bookkeeping. However, the management may not be able to determine the accuracy of recording the transaction or compliance with the laws of the land. The staff may not be able to analyze the transactions and provide an opinion on the financial position of the company. As Warren Buffet mentioned, it is always advisable to review past mistakes before committing new ones.
Our Role in Updating your Backlog Accounts
Our experienced executives can help in updating your company accounts from the year of inception. We ensure that the accounts of each year are closed appropriately, ascertaining compliance with all the relevant statutory requirements.
While Updating Of Backlog Accounts, our associate will visit your office and collect the sales invoices, purchase invoices, payment vouchers, receipt vouchers, petty cash expenses, bank statements, cheque counterfoils, bank transfer copies, etc and update the accounts either at your office or at our office. Further clarification/requirements, if any, will be sought during updating the accounts.
On completion of updating Of Backlog Accounts, the compliance of relevant laws and statutory requirements will be checked and advised accordingly. The reports generated will be discussed with the management and overall business performance will be analyzed.
We will ensure, with the support and cooperation of the management, that the books are up-to-date in all respects, such that regular accounting can be carried forward henceforth.
It always our pleasure to meet with our new Clients and offer them our bespoke service. You may contact us here;