Bank reconciliation: this will save you time in reconciling your bank statements and help you identify any differences between your records and the bank?s records (e.g. fraudulent items). We can match paid cheques and the bank's records, as well as keep record of outstanding cheques which can be deducted from the bank statement balances in order to know the actual balances.
Payroll: on the payday, the wages can be transferred to employees? bank accounts via BACS. Further, records of employees' accrual of vacation and sick time will be kept.
General ledger posting: Albion offers consolidated financial reporting, as well as the preparation of financial statements and reports. Further Albion offers year-end closing of the general ledger, preparation of the records for auditors, as well as month-end general ledger reports.