Elite Finance
22 Sep
Posted By: admin 0 comments September 22, 2015 Tags: Basics of Financial Accounting Services,

For accurate financial reporting it is important to understand the basics of financial accounting services. In case of an audit, your company should be able to prove that the books are in order and necessary financial statements are available. In plain words, financial accounting would mean maintenance and reporting of financial transactions including the purpose, origination, processing and summarization in the account statements.

There are different types of financial statements reported for any organization which includes Income statement, Cash Flow statement, Statement of earnings and Balance sheet details. Journal entries should include complete list of all financial transactions. There’s a method called double entry accounting which takes into consideration two accounts for every transaction.

Next, as part of financial accounting services, all the debit and credit entries from the journal needs to be transferred to the ledger. Once the ledger is ready, the accountant needs to calculate the trial balance. In case the books are not in balance, necessary adjustments are made to rectify the errors.

Elite Finance Quote
Elite Finance
Elite Finance
Elite Finance
Elite Finance

We do the right things,at the right time.

Our experts work closely with your organisation and ensure quick growth by understanding your company’s unique financial needs.

Elite Finance

250+


Total Clients

Elite Finance

150%


All Projects

Elite Finance

1200%


REVENUE INCREASE

Elite Finance

100%


SATISFIED CLIENTS

Elite Finance

// CLIENT FEEDBACK

  • Elite Finance
    James L. GM, TTN Pty LTd

    “Elite Financials are always efficient and pleasant to do business with. We have had nothing but an exceptional service and the advice we have received has been correct and perfect for our business....

    100% Recommended
  • Elite Finance
    Pauline L Operation Manager, Lead Tech Pty Ltd

    "Very accommodating, keeps us on the right track with our Accounts and efficient on ensuring tax deadlines are met. I would recommend Elite Financials for any businesses"...

    100% Recommended
  • Elite Finance
    Martin G GM, Ourtechs Australia

    "I've been using Elite Financials for many years since my last accountant let me down, and I've been very impressed with the service I've received. Tony really seems to understand my business, and he ...

    100% Recommended
Menu