New Horizons Bookkeeping

Bookkeeping Services

• Bank Reconciliation
• Trial Balance Sheet Preparation
• Financial Statement Preparation
• General Ledger Maintenance
• Accounts Receivable Maintenance
• Accounts Payable Maintenance

Bank Reconciliation

Businesses make deposits and receive numerous receipts from their clients on a regular basis. Bank reconciliation is a highly complicated and time consuming process. Reconciling your bank account statement is an absolute necessity even if it is a costly and time consuming task. We can help you to resolve discrepancies in your bank statement by performing complicated processes such as sorting various transactions by type or date, deducting errors or by adding deposits in transit.

Why bank account reconciliation?

• It makes important updates to general ledger and receives timely entries from the other applications
• Provides the ability to eliminate bank statement errors
• Enables to control cash flow with the void checks and stop payments function
• Verifies the amount of cash in your account
• It uncover irregularities

Trial Balance Sheet Preparation

Closing of the Trail Balance is the last step prior to generating your Income Statement and Balance Sheet. There might have been transactions missed or items entered in the wrong account.

Financial Statement Preparation

These describe the financial health of a company. Accurate financials help a company monitor its cash flow and helps determine financials needs early by identifying trends.

General Ledger Maintenance

Our general ledger maintenance and reconciliation help organizations to focus on the core functions. We deliver high quality results at an affordable price.

• Adjust for prepayments and accruals
• Process asset purchase, disposal and depreciation journals
• Review all general ledger accounts and correct any posting errors
• Reconcile all balance sheet control accounts
• Provide copies of all journal entries made together with a detailed narrative of why the adjustment was made

Accounts Receivable Maintenance

• Centralized customer invoice control
• Prompt customer invoice generation
• Customer account reconciliation
• Automated customer statement generation
• Banking of customer receipts
• Improved cash flow with quicker customer settlement

Accounts Payable Maintenance

• Purchase order and invoice matching
• Approved account payment listings
• Supplier statement reconciliation
• Released management time to focus on core activities