Daily General Ledger / Manual Journal
Recording and posting transactions is necessary for your business to process payroll each month. At Huntington Group, we handle transactions, employee tax withholdings, wage rates, and other elements to ensure that net pay is calculated correctly. We maintain source documents such as receipts, invoices, and other documents that record business activity. Maintaining your daily general ledgers is important to ensure a company’s accurate documentation of accounts.
Daily General Ledger Maintenance
A daily general ledger is a summary of financial information about your business. General ledgers show a current balance in key areas of your business such as liabilities, assets, income, and expenses. Huntington Group can help you maintain and keep track of cash and supplies owed; outstanding debt your business owes to suppliers and investors; income, earnings; and all your expenses, from overhead to advertising.
We will help you identify assets, liabilities, income, and expenses and help you determine their value so that we can track, manage, and perform end-of-day reconciliation. A reconciled general ledger should be completed according to generally accepted accounting principles (GAAP) in order to ensure quality and accurate daily general ledger maintenance.
Manual Journal Entry/Data Entry
Accounting journal maintenance and data entry is an absolute must for businesses nowadays. Regardless of their size, startup or enterprise, it is important for companies to know where they currently stand financially. When you work with Huntington Group, we record all your financial data, which is then labeled and assessed, and we create reports to help you get a better understanding of your cash flow to predict future budgets and expenses.
When you own your own business, you have a lot on your plate, and you need to focus your attention on the most crucial aspects. Outsourcing your manual journal entry/data entry to Huntington Group, we streamline your accounting process and help you minimize expenses so that you can focus on your business’s core responsibilities.
Huntington Group can enter all your accounting information, such as daily business transactions and cash disbursements, into any accounting software. Manual journal entry/data entry is a method used by Huntington Group to record and document accounting transactions for your business’s accounting records. Your accounting records are added into your general ledger. We use this information to construct financial statements at the end of the reporting period.
Contact Huntington Group today so we can help you manage your daily ledger today.