Periodic Closing and Reporting
At Globus Finanza, our certified and experienced accounting team is ready to rescue you from the pressures of year-end accounting. Whether you’ve maintained meticulous financial records or are dealing with a financial mess, we’ve got you covered.
Our Clean & Catch-up services include Transaction Accuracy checks, control account reconciliation, financial statement matching, general ledger scrutiny, accrual and advanced payment calculations, amortization and depreciation, AR/AP reconciliation, tax computation, and financial statement preparation.We provide comprehensive support to make the year-end process a breeze for your business.
Year-End Accounting Closure includes
Benefits of using our Periodic Closing & Reporting Services
We take care of all your outsourced bookkeeping needs so that you can pay attention to your core business.
With us you are endowed with multiple engagement models that you can make use of per your requirements . We have outsourced bookkeeping services that allow you maximum flexibility at all times.
We just do not provide the usual outsourced bookkeeping for accountants, rather we are committed to standardizing your bookkeeping to bring sustainable growth to you. With our tailored service, you can make the best out of your resources.
We walk hand in hand with the latest technological advancements. As such, our services are a great amalgamation of modern bookkeeping software, which invariably include Sage, QuickBooks, NetSuite Accounting, Oracle NetSuite and Xero.
Accounting Software we Use
Frequently Asked Questions
We need to assess the volume of work, the scope of work, the number of transactions pending for posting, the reconciliation required, adjustments required to close the books, etc., and based on that either we can propose you fixed price cost for the project, or you can hire staff for the required number of hours to complete the job.
Yes, you can also hire an accountant for full-time, part-time, or a fixed number of hours as per your requirement if you can’t estimate the number of hours upfront. We are flexible to work with the model convenient for you.
Generally, it depends and varies from one business to another. However, we need the following documents as per our common checklist
- Revenue Transactions
- Bank Accounts information & statement
- Previous year’s financial statements and tax return copy
- Inventory details
- Intercompany Transaction
- General Ledger
- Any other information for year-end accounting
Our procedure for providing year-end accounting services includes establishing a closure timetable, assembling unpaid invoices and receipts, examine asset accounts.
Tally up all transactions, and close out the accounts payable and receivable. accumulate receivables, accrue debtors’ obligations, adapt entitlements and grants, etc.
The length of time to complete your year-end accounting services will vary depending on the complexity of your business and your specific needs.
