Make the records usable

An agreed bookkeeping scope can organise transactions and supporting documents so the business has a consistent record to review. Begin by identifying the accounts, reporting period, volume of transactions and any backlog.

Reconcile the bank to the books

A reconciliation compares bank activity with the accounting record. Timing differences, missing entries and items needing clarification should be explained and followed up. Keep the reconciliation and its supporting evidence together.

Plan for payroll and other commitments

A cash-flow forecast looks at expected receipts and payments across a chosen period. Include payroll, supplier payments, statutory commitments and other known costs. Record assumptions and update them as actual cash movements become available.

Reporting with a clear purpose

Agree what decisions the report needs to support, who receives it and how often. Management reports, bookkeeping and cash-flow support have an agreed administrative scope. Tax, investment and regulated assurance requirements require separate assessment.

Before we get started.

Can you help with a bookkeeping backlog?

Tell us the number of months, the accounts involved and the records available. Catch-up work needs a defined starting point and a separate scope.

Can you prepare a cash-flow forecast?

Cash-flow planning can be scoped using your expected receipts, payments and assumptions. A forecast is a planning tool and cannot guarantee future cash availability.

What should I bring to the first discussion?

A summary of the work needed, the period involved and the system you use is enough for an initial enquiry. Detailed financial documents should follow through an agreed secure channel.

LET'S TALK ABOUT YOUR BUSINESS

A clearer process.
A more organised payday.

Tell us what needs attention. We'll start with your team, your pay cycle and the support you need.

Discuss your payroll 1 (868) 472-9682

Bookkeeping & financial management in Trinidad & Tobago