Clean Ledger Focus

Capturing error-free data without going into too much in arrears has been a challenge for organizations, mainly in the MSME Sector, and tops the list of requirements to be addressed. Those familiar with data entry are aware that errors that creep in at the time of data entry have potential to lead to consequential misinformation and unending reconciliations, be it related to tax filing like GST or vendor or customer balance disputes.

Composition of carried over ledger balances going down to transaction level is also cumbersome unless appropriate hygiene is maintained.

One of the common requirements as well as pain areas for medium size enterprises is Customer & Vendor balance Reconciliations.

We like to address these three aspects, namely error-free prompt data entry, clarity on composition of ledger balances and Customer / Vendor Balance Reconciliations and related corrective actions in our Clean Ledger Focus.

What a great relief it would be for all stakeholders, if an organization’s accounting information is authentic and accurate!