Bookkeeping
- Filing
- Data capture into journals and ledgers incl. cash book
- Book entries via journal entries e.g. depreciation
- Bank reconciliation
- Reporting
- Statutory requirements e.g. VAT, PAYE (IRP5 reconciliations), Workmens Compensation, UIF
Reporting:
- Trial Balance — general ledger summary
- Customer and Supplier Age Analysis
- Sales Reports
- Fixed Assets — cost less accumulated depreciation to give net book value
- Stock
Accounts Payable processing (creditors): Input of supplier invoices into the purchase journal and cash book, summarised into the creditors ledger to determine who is owed how much. Month-end creditors reconciliation between creditor statements and our ledger, followed by payment to suppliers.
Accounts Receivable processing (debtors): Input of invoices to customers into the sales journal, summarised in the debtors ledger along with receipts from the cash book. Age analysis produced showing debts at 30, 60, 90 days etc. Statements sent to customers at month end.
