PROPOSED SOLUTION

• Sales Revenue - Revenue recognised and recorded on an accrual basis. Payments reconciled against invoices raised
• Bills & Expenses - Record purchase invoices (bills)/receipts and account for on an accrual basis (Prepayments & Accruals).
• Bank Statement fully reconciled in accounting system
• Assets recorded in Fixed Asset Register and depreciated monthly


DELIVERABLES

• Account Transactions recorded in compliance with IFRS
[by 10th working day of following month]




Workflow Guidance:

Minimum Outputs:

  • Timelog: Estimate spent on Task

  • Kounted Working Paper File | Excel

    Note: Filename = YYYY.MM.ClientName.Kounted_Working_Paper