Work Methodology

WORK O LOGY

remote-control

Working remotely

Using secure virtual technology like VPN/RDP/Teamviewer, Netsonic, etc. We will login to your system and complete all the work on your computer.
computer

Using Cloud Software's

This simply requires you to provide your login details and supporting accounting information via our secured mailing system. Work gets completed and saved on cloud.
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Step 1


Document Requisition

We have designed a checklist of documents which would be required from the client's end for Bookkeeping.

*Client needs to follow the checklist and give the required document like Purchase Bills, Expense-Bills, Bank statements, etc


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Step 2


Processing Documents in Accounting Software

The documents would be entered into Accounting software of your choice (Xero, Quickbooks, MYOB, Saasu, Wave apps, etc ) or any such Accounting Platform.

We can store the scanned copy of the source document along with the transaction to make it easily accessible in Accounting software or related addons.

All the entries would be cross-checked and reviewed with the source documents

(I.e. Purchase Invoice/Scanned Bills etc against the Purchase/Expense transaction respectively)

Benefit: This will leave an audit trail for every transaction to be used in future.


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Step 3


Reporting

Management reporting: We will provide Monthly Management reports in order to help them appreciate where their business is performing. We can have a standard Service Level Agreement with client in order to understand exactly what their reporting needs are.

Payables/Receivable Reporting: We can report on daily basis for the entites who wish to have their books updated regularly.

Indirect Tax returns: We are staying committed to send two weeks before the deadline for you to review. We can help you with your VAT, BAS, GST/HST, Sales Tax based upon whichever country you are in.


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Step 4


Finalization

Year-end Financials would be reviewed and finalized for return Preparation.

Will take care of all communications with your CPA if the Tax returns are done with your local CPA.



Below is our work Methodology for Bank reconciliation FYI


 
puzzle4

Understanding the nature of Expense

Coding of Transaction5

Coding of Transaction

 
Please Note:
  • Assessment is done based upon past coding,experience, Google search results.
  • Where we are not 100 % sure we send an email seeking advice from client about missing documents or Nature of expense.
  • Software Expertise

    We can work on any of the AccountingSoftware of your Choice!

    • sage50uk
    • xerouk
    • qb1
    • odoouk
    • waveuk
    • zohobooksuk