Backlog Accounting
Kelmuc Accounting Services being one of the rising accounting service providers, we take pride in catering to the complete spectrum of the business lifecycle on behalf of valuable clients. Our extensive range of quality services involves the inventive business services and solutions required by every business at various junctures of their business voyage.
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Why Kelmuc Accounting Services as Your Backlog Accounting Partner?
What makes us unique in respect of backlog accounting and books cleaning are the following aspects that we highly focus on:
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Tailor-made solutions to business needs
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Uniquely designed bespoke offerings
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Professionalism, expertise and innovation
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Quick turnaround time with maximum result
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Technologically advanced solutions
How is Accounting Backlog is Completed?
At Kelmuc Accounting, we understand the fact that sometimes businesses most importantly startups are unable to maintain and manage proper books of accounts and reports for years, which can be troublesome for the progress of the business because for the effective growth proper financial reporting is mandatory.
We assist the clients to devise accurate, timely and effective books of accounts from the date of incorporation of the business after getting the required knowledge and information and supporting documents essential to prepare the books of accounts for your business. The clients are requested to make available the supporting documents of the business transactions that may involve payment vouchers, sales invoices, payment invoices, receipt vouchers, cheques' counterfoils, petty cash expenses, bank statements, bank transfer copies and much more.
By visiting the firm and taking all the necessary details, documents and information into account, we will be updating the required transactions into the accounting software most reliably and professionally. By finalizing the books of accounts periodically that may include the monthly and annual basis, we ensure that the timely and accurate accounting records of our clients are being maintained.
Important Reports Produced After Backlog Accounting
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Statement of Financial Position of Company i.e. Balance Sheet
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Statement of Comprehensive Income i.e. Profit and Loss Account
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Cash Flow Statements
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Receivables Ageing List
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Payables Ageing List
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The Comparative Report on Sales Performance of Clients
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Thorough Financial Ratio Analysis
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Thorough Working Capital Analysis
Our team is always determined to manage all the backlogs of your business effectively while creating apt and accurate financial reports to assist you effectively in managing the accounting aspect of your business.
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Why Do Clients Require Backlog Accounting Service Provider?
There are many reasons why valuable clients require backlog accounting services to efficiently execute the smooth running of business processes. Some of which are discussed below:
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It requires significant resources and efforts
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Business owners are usually unaware of the best approaches of dealing with backlog
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Negligence of companies to maintain the accuracy of books of accounts due to busy schedule
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Inefficiency and lack of expertise of the in-house accountant to maintain the company’s books of accounts
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Accounting staff usually leaving the organization leaving the accounts undone
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Wrong and Inaccurate reconciliation of VAT may result to penalties