Theme: Bookkeeping, Accountant | Business Accounting Software

Technological & Manual Book-keeping are 2 ways of maintaining the accounts of any company or business. However there may be a serious difference in these two methods of book-keeping. Manual Book keeping needs heavy and exacting work of an Accountant whereas Computer Book-keeping provides comfort and ease to the Accountant in maintaining all the records without any fault.

Outsourcing the account of a company can cause a maximising of funds and resources . You can choose among Partial or Full outsourcing of Your Accounts, and this is the most effective way of getting full competition benefits for your company. Companies can engage the services of sub contractor for PC & Manual Bookkeeping, Preparation of BAS Returns and Creditors Ledger Preparation.

Credit Control is also known as credit management, this is the policy of corporations by which they keep track of those shoppers who've got good repute and can pay obligations in time ? it is these shoppers who will get credit. By doing this a company retains the resources to strengthen its monetary position. Debtors Ledger & Invoicing are also technical matters which call for the assistance of a trained accountant as they call for a double entry on each single movement. If funds are debited from the customer?s accounts or credited by the customer; it leaves effect on firm's main account.

Debt Recovery & Client Credit Checks are also mandatory for a company to uplift its business. It is a 2 way process: growing ones business but from the other viewpoint also recovering obligations so that maximum money is on hand to make inventories and covering more markets. Customer credit checks also give the company an opportunity to keep all the clients with in their credit limits.

Often Bank Reconciliations happen due to several reasons and only the best Accountant can cover it with his expertise. Only they can determine if there is a difference in the statement issued by the bank and the record of cash documented by the books in the organisation.

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Tags: bank reconciliation, Bank Reconciliations, Computer & Manual Bookkeeping, Credit Control, Creditors Ledger Preparation, Debt Recovery & Client Credit Checks, Debtors Ledger & Invoicing, Partial or Full outsourcing of Your Accounts, Preparation of BAS Returns, Profit & Loss Sheets

This entry was posted on Saturday, March 31st, 2012 at 7:26 pm and is filed under bank reconciliation. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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