Why Bank reconciliation is important?

Bank reconciliation is the process of comparing and matching figures from the accounting records against those shown on a bank statement. The result is that any transactions in the accounting records not found on the bank statement are said to be outstanding. Taking the balance on the bank statement adding the total of outstanding receipts less the total of the outstanding payments this new value should match to the balance of the accounting records.

Bank reconciliation allows companies or individuals to compare their account records to the bank's records of their account balance in order to uncover any possible discrepancies. Discrepancies could include: cheques recorded as a lesser amount than what was presented to the bank; money received but not lodged; or payments taken from the bank account without the business's knowledge. So, it becomes necessary to do bank reconciliation regularly.

After the adjustments are made to the balance of the company's Cash account and to the balance per the bank statement, the two adjusted balances should agree. If they are the same, you have reconciled the bank statement.

We specialize in solutions:

Bookkeeping Services India will work closely with you to adjust your bank reconciliation statement in your bank statement and prepare financial statement. Bank reconciliation statement helps businesses to reduce the amount of unutilized cash in suspense accounts. We offer an affordable, automated alternative to time consuming, error-prone manual reconciliations.

What we do:

Bookkeeping Services India imports your bank and general ledger data and matches them. Then, you can identify, track and resolve exceptions. It also provides step-by-step instructions and our friendly support staff gets you up and running quickly and easily.

BSI operating all your accounting bank reconciliation transaction needs

Whether you want to outsource all your bookkeeping services and financial accounting requirement or need any help in specific area like bank reconciliation, accounting bank reconciliation or preparation of bank reconciliation statement, you are at the right place.

For more details on bank reconciliation, you can visit us at http://www.bookkeepingservicesindia.com

Article Source: http://www.prlog.org/10220377-why-bank-reconciliation-is-important.html

Outsource Your Bookkeeping To Professional Bookkeeper

A professional Bookkeeper is one who maintains complete and accurate records of all accounts and financial transaction. Bookkeepers accurately verify and enter all accounts information into a computer. They periodically balance the books and compile reports and financial statements. They balance checkbooks with monthly bank statements.

Bookkeeping Services India is a well known professional bookkeeper in India. We are the most trusted and guaranteed accounting and bookkeeping services provider in India. We provide fast, accurate and high quality online accounting services to our clients across the world at cost effective rates.

We have professional and experience bookkeepers. They delivered valuable bookkeeping services like:

• Accounting and Bookkeeping Services
• Accounting Services
• Accounts Receivable

# Sales Order Generation
# Invoicing
# Receiving payments
# Accounts Receivable Report Generation

• Accounts Payable

# Purchase Order Generation
# Entering Vendor Bills
# Entering payments to Vendors
# Accounts Payable Report Generation

• Updating Chart of Accounts
• Credit Card Reconciliation
• Inventory Maintenance and Reconciliation
• Closing Accounts and Generating Trial Balance

To get more information regarding our valuable accounting and bookkeeping services please visit: http://www.bookkeepingservicesindia.com or your can also send your requirement on info@bookkeepingservicesindia.com

Article Source: http://www.prlog.org/10174918-outsource-your-bookkeeping-to-professional-bookkeeper.html

Why Bookkeeping Outsource Trend to maintain Business Function

Bookkeeping can help businesses track the percentage of a dollar that generates more income, how much is needed to maintain the business, and what is waste. Without a good bookkeeping system, investors, ecommerce businesses, and small businesses cannot track these numbers and improve their profits. The trend today for many employers is to outsource any function of business that is not directly related to the generation of income. But what exactly is outsourcing?

Simply put, outsourcing is the long term contracting of a company’s business processes to an outside service provider, helping to increase shareholder value by reducing the costs of non-core functions.

Of course, outsourcing is not a new concept. For years companies have outsourced their legal, advertising, printing, and computer services so they could benefit from professional expertise without substantially increasing overhead.

Outsourcing Your Accounting Is a Positive Idea for Your Business if Any of the Following Applies to Your Current Situation.

* You are spending too much time managing your books and not enough time growing or running your business.

* You find that you are cutting corners, or you are uncomfortable with your accounting because it is too time consuming, or you do not really understand how to do some of it.

* You want professional grade accounting but either cannot afford or simply do not have the need for a full time accounting person or department.

* You have a basic understanding of financial reports, so that you can stay informed about your business on an “at-a-glance” basis.

* You are not afraid to ask questions if you notice things on financial statements that you do not understand.

* You want the flexibility to examine your accounts whenever and wherever you’d like, combined with the peace of mind that your books are being maintained by dedicated professionals.

For more details please contact us at: http://www.bookkeepingservicesindia.com/contact.php

Article Source: http://www.prlog.org/10129919-why-bookkeeping-outsource-trend-to-maintain-business-function.html