Book Clean Up & Historic Accounting
List of Book Clean Up & Historic Accounting Services, we offer to our esteemed clients.
- Correction of existing miscoded GL entries such as expenses booked in asset accounts, wrongly booked income etc
- Fixing vendor payments and credits not applied correctly
- Fixing customer payments and credits not applied correctly
- Locate discrepancies in balance sheet items
- Reclassify historic transactions that have been incorrectly recorded
- Write back of long term / short term provisions that are no longer required
- Write off non collect able invoices
- Write off current assets & non-current assets that are no longer recoverable
- Clearing backlog of UN-posted historic transactions
- Clean-up of chart of accounts through removal of duplicate and unused accounts and systematic structuring of accounts
- Support in revaluation of property, plant and equipment and recalculate depreciation & amortization
- Review of unpaid bills report for any additional corrections, updates or changes
- Review of “Open / Unsatisfied Charges with Registrar of Companies” created by the company
- Reconciling historic accounts with bank, credit card, line of credit, vendor and customer statements
- Review of accounts receivable aging summary report for any additional corrections, updates or changes
- Reconcile bank and credit card accounts
- Review of working trial balance for data entry errors, miscommunications and prepare list of suggested adjusting journal entries to correct these mistakes
- Troubleshoot prior account balances that have been changed
