Have you wondered why your team takes a lot of time at the end of the year correcting the ledgers for nominal accounts, or any suspense account? Your inventory and payables need to be reconciled regularly so that your books are up-to-date and show true status of your ledgers.
What we do in GRIR Reconciliation?
We reconcile at the unit level of Purchase Order receiving with the invoices being sent by the vendors and report / clear any variation at frequent intervals. We coordinate with the procurement and the Accounts Payable team to take required action and float a regular MIS for you. Now you need not to panic at the year end and chase your team for closure of financials on time.