At AOHUB, our bookkeeping process for recording transactions is designed to ensure precision, consistency, and compliance with financial regulations. Here’s a detailed look at our comprehensive procedure:
We begin by collecting all relevant financial documents, including invoices, receipts, bank statements, and other transaction records. This thorough documentation process ensures that every financial transaction is accounted for, minimizing the risk of errors or omissions
Using state-of-the-art accounting software, our team meticulously enters each transaction into the appropriate ledger. We categorize expenses and revenues accurately, aligning them with your business’s chart of accounts. This step is crucial for maintaining organized and accessible financial records
Regular reconciliation of accounts is conducted to ensure that the transactions recorded in our ledgers match the corresponding entries in your bank statements and other financial records. This process helps identify and rectify any discrepancies promptly, ensuring that your financial statements are always accurate and reliable.
Periodic reviews and verifications are performed by our experienced accounting team to ensure all entries comply with accounting standards and regulatory requirements. This rigorous review process guarantees the integrity and reliability of your financial data, providing a solid foundation for informed decision-making.
Jatinder Kumar
BackOffice Outsource Bookkeeping and Accounting Services to CPAs and accounting firms in USA, UK, AUS, and NZ.
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