Using Accounting Software?
Accounting software generates information based on what users post as revenue, expenses, assets and financing transactions of the business.
Common problems identified when using Accounting Software:
X Errors posted in the accounting software leads to incorrect general ledger reports that cannot be effectively used for financial reporting, management decision making and analysis and preparation of tax returns.
X Accounting software does not perform important accounting functions such as reconciliation of bank accounts, receivable accounts, payable accounts, inventory, fixed assets and general ledger accounts.
X Accounting software does not consider most recent changes to the accounting standards and tax legislation when processing each transaction.
X Accounting software does not consider the external information when preparing financial and management reports.
AMCS can:
✔ Update your accounting software with your accounting information
✔ Reconcile bank accounts, receivable accounts, payable accounts, inventory, fixed assets and general ledger accounts and update your accounting software with correcting entries, see
General Ledger Account Reconciliation, Cash Counts and Point Of Sale Reconciliations, Investment Securities Counts and Inspections, Trade Payables or Supplier Reconciliations, Trade Receivables Reconciliation,
Inspection of Assets, Inventory Counts and Inspection
✔ Review each transaction for proper accounting and tax treatment in accordance with most recent changes to the accounting standards and tax legislation to ensure that the information reported in the entity’s accounting records properly supports the information reported on the entity’s accounting records properly supports the information reported on the entity’s financial statements and tax returns, see Financial Accounting Services, Financial Reporting Compliance Services, Jamaica Tax Services., Preparation of Financial Statements and Income Tax Annual Returns.
✔ Consider information outside of the software when preparing financial statements and reports.
We also provide the following services: Finance Accounting and Reporting , Financial Accounting and Reporting Environment Framework Advisory Services, Financial Accounting Policies System and Design,
Financial Reporting Compliance Services,
Financial Analysis,
Management Reporting,
Performance Management,
Variance Analysis,
Process Management,
Project Management,
Personal Financial Services
Contact AMCS Jamaica Limited for Accounting Services