Our bookkeeping services allow you the convenience to comfortably outsource your bookkeeping needs and focus on the core function of your business.
Jengar Bookkeeping Solutions (JBS) can help you set-up a new business, a new business segment or clean up an existing one. We can help you develop reports that provide a better understanding of your business and give you a summary of your business performance at a glance.
Review or prepare accounts payables and receivables reports to ensure that records reflect the accurate amounts owed to or by the customers.
Ensure the appropriate general ledger (GL) accounts are set-up and transactions are recorded accordingly.
Record the day-to-day transactions of business activities on a regular basis.
Prepare a full set of Financial Statements which include Cashflow, Profit and Loss and Balance Sheet.
The Cashflow Statement shows how changes in the balance sheet accounts and profit and loss affect cash and cash equivalent. It is broken down into three sections: operating, financing and investing activities.
The Profit and Loss Statement (P&L) shows all your revenues and expenses. The P&L can also be called the income and expenditure statement and can include items like payroll, office supplies, advertising, rent and insurance.
The Balance Sheet Statement shows assets and liabilities and presents the company’s financial position at the end of a specified date. This is prepared on a monthly basis.
The Financial Statements can be prepared by clients and JBS review and provide feedback.
Provide explanations for over/under budget performance against actual results.
Calculate and report on major metrics and key performance indicators (KPIs) on a monthly or quarterly basis or as required.
Review major GL accounts for Profit & Loss and Balance Sheet and prepare appropriate schedules for auditors.
Review and reconcile statements to determine outstanding transactions and identify and resolve discrepancies
Ensure that correct accounting procedures are followed at the year end to close the business from previous year, carrying forward the balances from the previous year and open posting account for the current year.
A similar process is done for the month-end.
Review processes to ensure that back office procedures are properly documented and operating efficiently.
