Control Account Reconciliations Services and Reconciliation Accounting
BI-Outsource provides cost-effective reconciliation services to businesses. Commercial organizations have many control account reconciliations to handle with a complete transparency. There are many designations in between the different vertices and control accounts. Well, the businesses do come across the main four phases of reconciliation accounting. These four control accounts are to be reconciled for avoiding fraud and alleged misappropriation of funds. Following are the four control account reconciliations to consider:
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Creditors Provide Inventory (Creditors to Inventory)
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Inventory is sold to Debtors (Inventory to Debtors)
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Debtors make payments against sales (Debtors to Cash & Bank)
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Cash and Bank is used to pay Creditors against purchases (Cash & Bank to Creditors)
The businesses undergo the continuous cycle of creditors to cash and bank with various demands.
BI-Outsource manages to keep a balance between reconciliation accounting, its essentials, and
businesses.
We ensure accomplishing challenging tasks that are lacking in control systems and reconciliation
accounting. Contact us for Reconciliation Services on biz@BI-Outsource.com or Call us on +1
201-778-0509.
Industries we serve
Reconciliations for Indian businesses
We also reconcile your books with the GST portal (GSTR-2B against purchases) and with Form 26AS and the AIS for TDS, so credits are not lost and notices are avoided.
Common questions
How often do you reconcile?
Monthly is standard, aligned with your GST return cycle. High-volume accounts can be reconciled weekly.
Do you reconcile GST input credit?
Yes. We match your purchase register with GSTR-2B each month and follow up on missing supplier invoices.