Bookkeeping for Mining Business
We at Meru Accounting provide a thorough analysis of books of accounts to know the viability of the Mining business as well as to know the profit. The mining industry has a vivacious opportunity if the investment is made carefully.
Mining business can be a huge opportunity given the entry and exit of investments in the asset are decided at the perfect time. Analysis of books of accounts can help in clearly determining the entry and exit time of accounts.
Mining life cycle can be broken down mainly into the following stages:
- Evaluation Process
- Developement Phase
- Closure and Rehabiliation Stage
- We provide monthly profitability reports by mine which helps the investor to track the expenses on the development of mine.
- We help in deciding depreciation on mines in a scientific manner to help find the exact cost of that the materials from excavated from mine.