info@accuratevisionaccounting.com
Mon - Sat: 9:00 AM - 6:00 PM 
Talk with us: +971 50 259 7383
This system is used especially by the construction firms to track the financial progress of a project through the frequent financial report and will help to analyze the profitability of the project. Budgeting is the key tool used in this reporting.
Learn MoreThe inter-company transactions are transactions between the Head Office and its branches or between the sister concerns. In some companies, the recording of transactions is not taking place in time for one or the other reason. The inconsistency between the accounts maybe because of the non-availability accountants, inappropriate organization between related parties, exchange rate variation, postponement in transportation, etc. CDA experts analyse the causes and reconcile the process.
Learn More1 . Helpful for External Auditing
Account reconciliation ensures that accounts in the general ledger are constant, precise, and comprehensive. This ensures the External Auditing process smooth and authentic.
2 . Accuracy in Financial Statement
Reconciliation ensures error-free financial report as we prepare accurate income statements, balance sheets, and the statements of cash flows.
1 . Ensures that all the customers’ accounts are invariably debited with the invoices issued for the supplies made to them.
2 . Ensures that all sales returns are properly credited in the customers’ account
3 . Confirms whether discounts, rebates, etc. paid to the customers or as per the agreed terms with them were correctly replicated as credits to their accounts
4 . Easiness of closing monthly accounts
1 . Circumvents the Trouble of the later supplies
2 . Avert Reimbursing the wrong vendor
3 . Recognize missed payments from your vendor
4 . Aids in avoiding over-payment
5 . Create a relationship between dignified trade and veracity
6 . Ensures all the suppliers accounts are credited consistently with the invoices received for the supplies made for.