Reconciliation
PURCHASE TO PAY
VENDOR RECONCILIATION - As part of our accounting services, we perform reconciliations of the vendor accounts. This is performed using computing tools to sift the huge volume of data. The reconciliation is shared with the client with item level explanations for mismatches. The same is then taken up with the respective vendor and followed up for closure.
ORDER TO CASH
CUSTOMER RECONCILIATION - As part of our accounting services, we perform reconciliations of the customer accounts. This is performed using computing tools to sift the huge volume of data. The reconciliation is shared with the client with item level explanations for mismatches. The same is then taken up with the respective vendor and followed up for closure.
RECORD TO ANALYSE
All our reconciliation services are based on robust custom built data crunching tools to help handle large volume of data. The mundane task of matching is completed by the tool and the exceptions are thrown up for review and resolution.
The different types of reconciliation services that we offer are as follows :
1. Intra/Inter Company Reconciliations
2. GL Account Reconciliations
3. Bank Reconciliations
BANK RECONCILIATION
The hygiene of the accounting system is reflected in the efficiency and timeliness of performing basic reconciliations. Bank reconciliation as a key control tool helps identify the lacunae in any of the processes which impact the banking process. We perform bank reconciliations with the help of certain automation tools. We further partner with the client and help them set up automatic bank reconciliations that are available as a feature in many ERP packages. The availability of our in-house IT team ensures that we provide the basic tools for conversion of data from external banking system to suit the customer ERP