Troubleshooting

DMC Systems Group, Ltd. provides on-going troubleshooting support to help solve your company's Accounting and Bookkeeping issues. Below is a list of the troubleshooting services we provide:

Accounting & Bookkeeping Issues:

• G/L Reconciliations

  DMC Systems Group can fix long-standing account reconciliation problems and also help you to reconcile the account on an ongoing basis to avoid future problems.

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• Reporting

  Each accounting package has its own reporting capabilities. Producing the standard reports such as balance sheets, income statements, and accounts receivable, are just the beginning. DMC has the ability to design (customizing without programming involved) the appropriate report for your needs. For more advanced users, we offer troubleshooting for reports that have been custom-built.

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• Payroll – Salary Accrual entry

  Whether your payroll is done in-house or outsourced, payroll issues usually stem from mis-postings, incorrect pay calculations, and misfiling of taxes and tax forms. DMC offers staff training to prevent problems and make sure your payroll processing is accurate.

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• Accounts Receivable – Billing

  Many problems can arise with Accounts Receivable and billing (or customer invoicing) in general. In addition to bookkeeping errors, clients can often experience long overdue accounts and collection issues. Sometimes collection issues can be managed by simply putting an internal collection process in place. Other collection issues may not be so simple. Either way, it is important to understand these issues, and DMC can develop an appropriate solution for you.

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• Accounts Payable

  Accounting controls must be in place for all bookkeeping activities including accounts payable. Accounts Payable problems arise because transactions are not entered correctly in the first place. DMC will guide you to overcome these concerns.

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• Bank Reconciliations

  Software-specific training is imperative when it comes to performing bank reconciliations. Not all software packages are alike, especially when it comes to handling cash. Our knowledge in software will help you to address these concerns.

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• Inventory

  Training is required when inventory is not set up or processed correctly. Depending on the software, setting up the inventory can be challenging. Often, the inventory items are not properly classified, and therefore inventory presentation on the financial statements will be incorrect.

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• Accruals

  Accrual accounting, by nature, entails estimating expenses that have not occurred yet. We will show you the process to estimate the amount of the expenses related to the current year.

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• Fixed Assets

  Tracking fixed assets, including accumulated depreciation, is a process that will be prone to errors and mistakes due to the large amount of data entry involved. To add to the complexity, there may be different depreciation calculations for financial statements and tax returns.

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• Prepaid Expenses

  Expenses that are paid in the current year (or month) that relate to the next year are known as prepaid expenses. Many accounting problems arise with those expenses which is why we are regularly asked to reconcile the prepaid expenses at year-end, and in particular, for tax return preparation.

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