Accounting Services

Accounting Systems set-up, Chart of Accounts and General Ledger

Proper accounting and bookkeeping begin with a proper set up of an accurate chart of accounts.

At IKRG, we can help you set up your accounting system with a proper chart of accounts, relevant to your business type.

The general ledger is the core of your company’s financial records.

These records constitute the central “books” of your system.

Since every transaction flows through the general ledger, a problem with your general ledger can throw off all your accounting.

We perform diligent periodic reviews of your general ledger system, and fix any discrepancies before it can snow ball into any major problem.

Thus we help keep your books always accurate and your accounting reliable, to power your business sustenance and growth.

Bank Reconciliations

Bank reconciliations are important to identify any errors or omissions, and correct them as soon as possible.

Ensuring the recorded book balance matches the balance as per bank statements, allows businesses to accurately assess their financial health.

At IKRG, We provide timely & periodic bank reconciliations to help you keep your accounts balanced.

Benefits of regular bank reconciliations:
- Identification of errors or frauds in a timely manner by identifying missing or fraudulent transactions in bank.
- Improving cash flow by identifying the cash you have, and the liquidity based on all recorded transactions.
- Detecting and preventing excess/unjustified bank charges, and ensuring transactions are posted correctly by your bank.

Monthly, Quarterly, and Annual Financial Statements

We periodically generate various financial statements, that will provide you a clear picture of where your business is headed, and allow you to make informed business decisions.

Types of Financial statements:
- Balance Sheet
- Income Statement
- Cash Flow Statement

QuickBooks Advisory

If you are still starting up, and feel that you can handle your own accounting, our team provides you with QuickBooks support starting from the installation process.

At IKRG, we also help our clients use QuickBooks in the most efficient manner, to maintain the books of their small and medium size businesses.

We help with setting up accounts, customizing reports, and arranging all documentation to match your business processes, all while you have administrative access to your books and can retrieve any data you want.

We can also train you to use it effectively and are always available to answer any questions you may have.

Security and Compliance

With growing reliance on technology and virtual connections, you will also have the assurance of knowing that your data is secure when you work with us.

We adhere to the data security regulations as required by various compliance agencies.

These regulations ensure that your data is securely maintained and transmitted to the appropriate agencies.