Incomplete or poorly maintained books of accounts can lead to compliance issues, reporting inaccuracies, and challenges during audits or tax filings. Our book cleanup services help organise and correct financial records so that they accurately reflect the financial position of the business.
Review of Existing Financial Records
We examine historical accounting entries to identify missing transactions, duplicate entries, incorrect classifications, and inconsistencies in the books of accounts.
Ledger Correction and Reconciliation
Our team corrects ledger classifications and reconciles bank accounts, statutory balances, and other key financial records to ensure that entries match supporting invoices, receipts, and payments.
GST and Statutory Reconciliation
We reconcile GST input credits with purchase records and review sales entries against returns filed. This ensures that statutory records are properly supported by accounting data.
Vendor and Customer Balance Verification
Vendor and customer ledgers are reviewed against invoices and payment records to verify outstanding balances and correct any discrepancies in receivables or payables.
Establishing an Ongoing Accounting Process
After completing the cleanup, we help establish a structured accounting process to ensure that financial records remain accurate and organised going forward.
