Accounting & Financial Control

Key Areas We Focus On

• Full account reconciliation reconciling bank, cash, supplier, and customer accounts against underlying records
• Error and discrepancy identification pinpointing duplicate entries, misclassified transactions, and unexplained variances
• Correction of historical errors posting correcting entries across the general ledger with a clear audit trail
• Chart of accounts clean up restructuring accounts for clarity, consistency, and accurate reporting
• Reconstruction of records rebuilding missing or incomplete accounting records from available source documents
• Documented adjustments adjustment and correction journal entries supported by clear, traceable rationale

Building Controls To Prevent Recurrence

Correcting the books is only half the job the same errors will return without the right controls in place. This typically includes:

• Segregation of duties ensuring no single person can initiate, approve, and record the same transaction
• Approval matrices defined authorization limits for payments, journal entries, and adjustments
• A reconciliation calendar a fixed schedule for reconciling every account, every period, without exception
• Standardized coding policy clear rules for how transactions are classified, so misclassification is caught early
• Month end close checklist a structured checklist that closes every period cleanly and consistently
• Periodic spot checks independent reviews that catch small errors before they accumulate

Our Process

1. Diagnostic Review. assessing the current state of the books to understand the scope and scale of the issues.

2. Reconciliation and Error Identification. reconciling every account and cataloguing all discrepancies found.

3. Correction and Clean up. posting correcting entries and restating balances to reflect an accurate position.

4. Control Design. designing practical, business specific controls to prevent the same errors recurring.

5. Implementation and Handover. embedding controls into daily processes and training the relevant staff to follow them.

6. Ongoing Monitoring. periodic reviews, on request, to confirm controls remain effective as the business evolves.

Why It Matters
Accurate books are not optional they are the foundation for tax compliance, audit readiness, and sound decision making. This service doesn't just fix the numbers once; it puts the checks in place so errors don't quietly creep back in.