The accounting process involves analysing, summarizing and recording financial transaction of individuals or businesses. These recordings are documented in the form of financial statements that provides a concise summary of financial transaction of a business in a fixed period of time. As one of the top accounting and billing software provider, our accounting services understand client needs and deliver customised solutions that ensure tax-ready financial statements whenever they need them.
They are the two of three financial statements companies issue regularly. Such statements provide an ongoing record of a company's financial condition and are used by creditors, market analysts and investors to evaluate a company's financial soundness and growth potential. We have managed to generate custom made balance sheet and p&l statement for our clients without even a single glitch.
A cash flow statement is a statement prepared between two balance sheets to evaluate the causes for improvements in a company's financial situation. It indicates the inflow and outflow of funds for a given time, i.e. the sources of funds and the demands for funds.
When the debit and loan affect the same parent account and result in a net zero effect on the account, a contra entry is recorded. These are transactions between cash and bank accounts which are recorded.
In addition to structuring Cash/ Cheque/ Electronic Collections Solutions under Receivables Control, a Cash Management Services program manager is often likely to satisfy consumer expectations for a robust Post Dated Cheque (PDC) Management Solution. The broad structure of the requirement is defined as follows:
The Cheque Register is a facility for holding a log of all the cheque numbers of the business that are registered inside the system. For example, you can choose to save the check number in the register whether you make a sundry/batch buy payment or a bank payment. we helps you manage all your cheques safely under our supervision.
It is a document which scrutinize the available cash balance of company balance sheet to the corresponding money on its bank statement.