Ledger Scrutiny: GKM

Providing timely and accurate financial information to clients is a major requirement for any accounting firm, and cannot be compromised. GKM provides excellent support to accounting firms in this critical accounting process.

Having GKM review the clients’ ledger entries regularly helps identify any inconsistencies, resolve errors, and ensure accurate generation of reports such as balance sheets, income statements, and trial balances.

With GKM’s support, reviewing the general ledger activities of your clients monthly will help identify any discrepancies such as double billings, unrecorded payments, transactions posted to wrong accounts, etc, and fix them at the earliest. This keeps the books accurate and allows for future corrections.

GKM can perform this activity using the same accounting software used by the accounting firms.

Supported Software:

  • Intuit QuickBooks
  • Thomson Reuters Accounting CS
  • Xero

GKM can perform this activity using the same accounting software used by the accounting firms.

Requirements

GKM Support

Deliverables

  •  Set of all completed financial statements
  • Any adjustments from last year / AJEs
  • Instructions / client-specific directives
  • Final work papers for reconciliation of tax payments made
  • Prepare and post adjustments
  •  Process payroll journals
  • Adjustments relevant to prepayments & accruals
  • Resolve any errors after the audit
  • Review ledger entries and year-end closing adjustments
  • Compliance verification
  • Periodic update reports
  • Journal Entry reports
  • P&L reports
  • Adjustment reports
  • Variance Analysis
  • Accounts Payable reports

Contact GKM today to avail ledger scrutiny/review services

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