Backlog Management
How is Accounting Backlog is Completed?
AM Accounting services understands that sometimes businesses are unable to maintain and manage proper books of accounting and reports for years, which can be troublesome for the progress of the business It is a fundamental requirement of any business to maintain and manage proper books of accounting ensuring the seamless execution of business processes. AM Accounting Services Accountants can assist you to catch up on the backlog accounts which are not updated/prepared/reconciled.
Our Backlog Accounting Services Include
Review of Past Transactions
We perform a thorough review of your past financial transactions, including income, expenses, sales, and purchases, to ensure that everything is accurately documented. This review allows us to identify any gaps or discrepancies in your financial records.
Reconstruction of Financial Statements
For businesses with incomplete or missing financial data, we assist in the reconstruction of financial statements. We compile all available information to create accurate balance sheets, income statements, and cash flow statements for the relevant periods.
Bank Reconciliation for Past Periods
As part of our backlog accounting services, we conduct bank reconciliation for past periods to ensure that your bank statements match your financial records. This helps to resolve any discrepancies and ensure the accuracy of your financial data.
Correction of Errors
If your previous accounting records contain errors or omissions, our team will identify and correct them, ensuring that your financial records are accurate and compliant. This includes fixing incorrect journal entries, misclassifications, and other discrepancies.
