Gennex Accounting & Bookkeeping

Although it may look only moderately difficult at first, accounting and bookkeeping tasks take up a huge portion of your time and resources as and when the business and company upscale. For achieving success, the management needs to focus on the core business. Outsourcing accounting and bookkeeping services to a truly professional firm with high proficiency in accounting practices will ensure that your business is running smoothly.

Unless your firm is a one-man army with little to no business, taking on the herculean task of self bookkeeping is not typically recommended. Outsourcing accounting to a professional services organisation like Gennex may be more efficient in terms of time and money in the long run.

The process of remotely documenting financial transactions, preferably in cloud-based/ERP accounting software is termed Online accounting/bookkeeping. Transactions are summarised and examined throughout this procedure. This enables firms to determine their financial performance and status at any point in time by utilising various reports created by accounting software. These reports contain critical information about whether a company is profitable, how much cash it has on hand, its current liquidity situation, and the current value of its assets and obligations.

With the introduction of cloud-based accounting software, the practice of remote accounting has been enabled and supported. Everything may now be handled digitally rather than physically visiting a location or handing over paper files. Communication can take place via online meetings, phone, and email, as well as the transmission of digital data using online secure document sharing services or emails.

Contrary to common assumption, accountants and bookkeepers perform distinct functions for the companies they service. Bookkeepers are in charge of keeping their clients' general ledgers up to date with common responsibilities that include:

  • daily data collection
  • Compiling data on a daily basis
  • Categorizing costs in the general ledger
  • Reviewing the general ledger for correctness
  • Reconciling bank statements with the general ledger Creating financial statements

Accountants utilise the bookkeeper's accurate and up-to-date general ledger to give advisory services such as:

  • analysing the company's financial data

No, we will cover cleaning as part of our job estimate. Your Gennex team of experts will configure your industry-specific general ledger in the ERP solution that best meets your requirements.

Yes, you must give a dedicated computer to the Gennex staff 24 hours a day, seven days a week in order for them to access to the offline software installed at your workplace.

Yes, you will receive all services at reasonable prices with Gennex. You can save at least two-thirds of the expense of your accounting department along with peace of mind.