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1. Accounting & Reconciliation

Accounting for insurance is not a simple job. Accounting and reconciliation works for insurance requires hours of meticulous concentration and expertise. One has to follow the industry standards strictly and account for each and every client including their premiums paid and pending dues. As far as an insurance company is concerned, there are many other aspects of incoming and outgoing cash flow which need to be accounted in detail and accurately. Accounting is the backbone of any organization and particularly when it deals with many clients and a large amount of money it becomes very difficult to maintain the accounts easily. We take up Accounting and Reconciliation processes for all types of companies, particularly the insurance companies.

2. Process

We check the details you submit for accuracy and report any discrepancy to the managers. We have the latest technology software in place for entering the details and you will receive it with an accuracy of the amounts entered and accounted for.

accounting-and-reconcilliation

We value every penny spent of earned by our clients and hence, will account for every aspect of your business. Our experienced accountants can help you prepare your financial statements for filing tax returns as well as for other purposes. We have competent accounting experts to deal with all sort of complicated accounting requirements of various companies in different regions. Many small to medium companies in the UK are already availing our professional services for accounting and bank reconciliation. We have many years of competent service in the industry and hence, have the right resources and technology to complete the given tasks within the target dates so that your accounts are complete and ready to be filed to any required authorities.

3. Services

We undertake all types of accounting jobs including reconciling your accounts with book balances and bank balances, checks paid, outstanding, or on hold, summarizing the accounting activity, and periodic reconciliation. You can send us either the actual books of accounts or the digital data by email or FTP. We will provide you the statements either on paper or digitally, as you would prefer. We undertake periodic accounting and reconciliation processes also. Our services will be available throughout the year for periodic bank reconciliation, account reconciliation, credit control services, reconciling buyer and sender invoices with the general ledger, inter-company and annual reconciliations.

4. Technology

We are equipped with accounting experts who have many years of experiences in different industries. We use the most widely used technologies for digital accounting so that the output data is more compatible with your accounting software or is convertible to your software easily. We even help you with converting your paper accounts into digital accounts which make your accounting more convenient and accurate.

5. Advantages

When you outsource your accounting and reconciliation processes to us, you enjoy the following advantages:
  • Timely submission of accounts
  • All required financial statements prepared and submitted
  • Complete and Accurate accounting data available
  • Complete Regulatory compliance for accounting for your organization
  • Considerable cost reduction in accounting and reconciliation
  • Reliable, cost-effective and convenient services anytime, all time