Challenges faced :
Australia Case Studies:
Dubai Case Studies:
Bookkeeping Services to a US Food and Beverage Company
Challenges faced :
- Downloading bank-related information from multiple bank website logins
- High quantity of outsourcing accounting data received in Google drive with 4 months backlog
- Multiple data sources to be extracted using numerous login websites for sales, suppliers, and banks from multiple locations
- A huge pile-up of transactions with the same amount while reconciling bank account in QBO
Solutions
- Multiple location bank feeds converted into excel, then in .csv format and finally, uploaded in QBO
- Passwords managed via the last pass
- Trained our outsource accounting team to work on the same project and catch up with the backlog on time
- Internal cut control system for data management and bookkeeping
- Use the last pass for security
- Rules creation using online accounting services in QBO to categorize transactions with correct account code
Benefits :
- Saved time by the creation of effective bookkeeping processes for future goals on time
- Month-end work shared with clients on a regular basis
- 100% accuracy achieved while working on accounts outsourcing such as bank transactions in QB
- Extended contract on outsourced accounting services including additional bookkeeping projects from the same client
