What Services do we cover in Updating of Backlog Accounts?

• Initially Discussion with management: The nature and volume of business is analyzed, and the specific requirement of the company are understood by the management.
• Collection of Documents: The details of all transactions carried out are so far collected from the clients. The document collected includes vouchers, transaction source documents, cheques, counterfoils, payment slips, receipts, bank statements, and other inputs necessary for updating the accounts.
• Accounting of Transactions: The accounts will be updated by our executive based on documents and explanations provided by the client.
• Report Generation: On completing of accounting the transactions, the following report will be prepared –
  1. Balance sheet
  2. Profit and Loss Account (Statement of Comprehensive Income)
  3. Cash flow statements
  4. Ageing reports
  5. Comparative report on sales performance and expenses
  6. Financial ratio analysis

Report Discussion with Management: The prepared reports will be discussed with the management, highlighting the business performance and areas in which the company can make changes and take decisions of further business improvement.