01. Client Objective :
To maintain accurate and up-to-date bookkeeping, ensure timely account reconciliations, and deliver complete financial statements with key control measures in place to support business decision-making and transparency.
02. Project Goals :
The goal was to establish a robust financial reporting process by ensuring all transactional data is properly recorded and reconciled. The project focused on:
- Keeping the accounting system updated daily
- Performing timely reconciliations across all key accounts
- Delivering monthly financial statements and performance insights
- Supporting the Directors with actionable financial information
“It’s good to have money and the things that money can buy, but it’s good,to check up once in a while and make sure that.
- Satisfied Client
03. Project Scope & Execution :
- Daily Sales & Collection Reports (Prepared and shared daily reports with Directors for real-time insights.)
- Sales & Collection Reconciliation (Completed on the 1st working day of each month to verify accuracy.)
- Weekly Bank Reconciliation (Ensured all cash movements were reconciled promptly.)
- Monthly Debtors & Creditors Reconciliation (Verified accounts receivable and payable balances.)
- Posting of All Transactions (Recorded purchases, expenses, payroll, and provision entries monthly.)
- Preparation of Income Statements (Created individual income statements for Directors and company-wise P&Ls by the 10th of each month.)
- Variance Analysis (Compared actual vs. budget performance with explanations.)
- Action-Oriented Financial Insights (Provided a monthly income statement along with a recommended action plan.)
“Online Finance Manager brought structure and reliability to our finance function. From timely reconciliations to clear monthly reporting, we now operate with full financial visibility and confidence.
- Satisfied Client
04. Results & Impact :
The client achieved real-time financial awareness, reduced errors, and improved financial control. Regular reconciliations and reports ensured better internal accountability and provided leadership with accurate insights to make informed operational and strategic decisions.