Backlog Accounting Services
Maintaining book of accounts from the date of incorporation plays a very crucial part for any business. However, start-ups and SMEs are set up at a small scale and might even miss certain transactional recordings due to lack of finances, but within a year or two of the business establishment, they do realize the importance of accounting records and track-down of their finances.
The company law in Nigeria makes it mandatory to maintain proper records. If you have recently initiated your business, then you should know that the accounting services play a crucial role and the backlog accounts are to be updated.
What is a backlog account?
At the initial stage of business setup, many companies forget to update their income, expenses, assets and liabilities. Be it an investor, or an entrepreneur, start-up or established business, one thing to be kept in mind is that maintaining these accounts today will lead your business to the success ladder. If you fail to do so, then your business future is uncertain.
Report generation for backlog accounts
Reports are to be generated accordingly to measure a company’s performance and to foresee the future of the business. These reports are a mandate for any business organization. Some of the most important accounts and reports that need to be updated are below.
Our accounts and reports includes:
Statement of financial position (Balance sheet).
Statement of profit or loss and other comprehensive income.
Statement of changes in equity.
Statement of cashflows.
Statement of value-added.
Financial ratio analysis.
Give us your bank statements, invoices, receipts and other records. We will analyse and make your past financial statements out of them.