Year End Accounting-

End-of-year accounting is a crucial process for any business or organization. It is conducted at the end of the financial year and involves finalizing the closing trial balance of the company, adjusting journal entries, and preparing final financial reports for the Board of Directors. Needless to say, this process can prove to be quite complex and challenging for most companies and requires expert assistance to ensure accuracy and efficiency.

At LEKHAKAR, we specialize in providing comprehensive year-end accounting services to companies across India. Our team of seasoned accounting professionals has extensive experience in handling all kinds of year-end accounting needs, from preparing an extended version of the trial balance to creating working papers and financial statements.

Process of Year end accounting service-
We take a meticulous approach to our year-end accounting services, beginning with a careful inspection of the company's bookkeeping and ledgers to identify any necessary adjustments. We then create an extended trial balance that takes into account all the relevant documents, journals, and ledgers. Our team also creates different working papers to support the various balance amounts, which is essential for the auditing process that takes place later.
We also bring off a procedure of ledger scrutiny to record different reallocations that accurately reflect the trial balance. Our team of experts is well-known for creating a suitable Financial Reporting Scheme (FRS) that reaches all the required conditions applicable to your balance sheet. Our FRS scheme makes sure that your financial statement is reliable and complies with all regulatory needs.

Other year end accounting services-
Additionally, in our year-end accounting services, we also provide a range of other accounting services, involving financial analysis for banks, accounts receivables factoring services, Ensuring timely bank payments, managing annual closings of balance sheets and profit/loss statements, compliance with financial policies and regulations, and auditing services, etc. We promise to provide our clients with the highest quality of service and ensure that all their accounting requirements are met with precision and efficiency.

So, if you are searching for a reliable and experienced accounting firm to meet your year-end accounting needs, look no further than LEKHAKAR. Contact us today to find out more about our services and how we can help you.