The balance sheet is one of the most important pieces of financial information issued by a company. It is a snapshot of what a company owns and owes at that point in time. Balance sheets can identify and analyze trends, particularly in the area of receivables and payables.  It provides information that is useful when assessing the financial stability of a company.  It is important to reconcile balance sheet accounts at the end of a period (month, quarter, or year-end) as part of the closing process. Doing so helps to identify errors before closing.   All funds within the balance sheet account must be included in the reconciliation, unless previous arrangements are made.

Balance sheet account reconciliation is the comparison of the account’s general ledger trial balance with another source, be it internal, such as a sub ledger, or external, such as a bank statement analyzing differences and making corrections. If reconciliation is not done, inaccurate recording of the transactions would result in incorrect reporting and could lead in crash of resources.

• We ensure complete confidentiality while handling our clients critical and sensitive data.  With the use of advanced security systems for our networks and files, we ensure the information received from our clients is kept confidential and protected at all times.
  
  
• Our workplaces have a high level of physical and network security.  We have put in place extensive security procedures which include access control and various levels of network security for the critical data.
  
  
• We have in place  standardized practices and ensure the Balance Sheet reconciliation is handled by our trusted team to ensure confidentiality.
  
  
• The standard procedures we follow enable clients to cut costs and improve processes. We use common backend processing hardware for all our data processing requirements, through systematic planning and process improvement we ensure that our IT resources have a uptime of more than 96%.
  
  
• To focus on Core competencies- Invensis provides all the required accounting outsourcing services for companies and enables them to completely concentrate on their core business strengths.

• We promise you a thoroughly professional and accurate accounting service, which improves your cop corporate image and enhances your ROI with us.

• Preparing Required Documentation – All the required general and ledger entries are updated and electronically verified by our custom built account checking software.
  
  
• Analysis of assets and liabilities –  Our team of exports prepare a detailed analysis report of your assets and liabilities  and put under the correct accounting heads to arrive at the profit or loss arising from various operations..
  
  
• Review –  After completing the Balance sheet, a thorough review of all the transactions posted  is done before preparing a consolidated report.
   
• Document Retention –  We store all your data through the advanced data archiving facility available with us.  Our data vault is secure and hacker proof.
  
  
• Adjustment through reconciliation - After our experts prepare the balance sheet they review and reconcile any missing items into the suspense account, which is investigated separately after balance sheet preparation. Whenever all the entries in the suspense account have been deleted, it is removed from the balance sheet.