A backlog is a buildup of work that needs to be completed. Backlog accounting means recording accounting transaction and preparing books of accounts in compliance of Generally Accepted Accounting Principles (GAAP) of previous period or back periods.
Backlog accounting in is the process of recording periodic transactions from the inception of the business and ensures that all the transactions are captured to portray the true position of a company. Companies may avoid recording their accounting transaction in the initial stage, they prefer basic maintenance of books of accounts manually in a note book or i9n an excel , it may result in unexpected financial crisis. Maintain and Updating backlog accounts define the financial position of a company, paving way to achieve profit in the future. Benefits of updating backlog accounting are:-
We provide all types of backlog accounting services. Our team of a well experienced experts and fully equipped with the knowledge and technical expertise to assist our clients with minimal cost.
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