Cracking the Accounting Puzzle of 
I'm Shashank Sharma, and I invite you to join us on an exciting accounting adventure of Virtual Employee and Newcode Partnership Ltd.
Together, we'll explore the fascinating world of numbers, invoices, and financial challenges.
Newcode Partnership Ltd, the big shots in the UK, selling high-tech inkjet printers and laser markers to the manufacturing and packaging industry. They needed a team of accounting wizards to handle their finances, process daily orders, and keep those bank accounts in check.
We dove headfirst into Newcode's messy accounts, a swirling vortex of missing transactions, mismatched ledgers, and a pile of overdue bank reconciliations that would make your head spin.
To tackle this accounting adventure, we armed ourselves with some serious firepower. Quickbooks Online, the trusty companion for managing invoices, bills, and bank reconciliation, was our go-to sidekick. But wait, there's more!
We reconciled ledgers and payments, then tackled the never-ending avalanche of missing bills. Finally, we went toe-to-toe with the dreaded BRS, and trust me, we brought that bank balance back in line!
We also unleashed the power of ZOHO CRM for seamless order processing.
Synchroteam to conquer printer breakdowns and monthly maintenance. And of course,
G-Sheet came to the party!
We encountered a multitude of dummy bills that had been mistakenly entered into the accounting books.
Numerous payment transactions had been transferred to the suspense account.
We faced a significant backlog of customer queries related to uncleared invoices.
This effort resulted in an updated vendor ledger that reflects the precise outstanding amounts, enabling the business to plan its cash flow effectively based on the payment schedule.
Our team took charge of managing the entire order process of Newcode. This comprehensive responsibility allowed them to oversee and streamline the revenue generation process.
Recognizing the importance of cash flow, the team developed a robust cash tracking system. This system allowed real-time monitoring of daily cash inflows and outflows while providing insights for forecasting future cash flows.
Subhajit Das, the Management Accountant with a bag of tricks including QuickBooks, Xero, Advanced Excel, and the mind-blowing power of Power BI.
Arpita Saraswat, the number-crunching queen, has mastered QuickBooks, BGL 360, Yardi, Xero, and has handled international clients from the US, UK, and Canada.
Our client, Martin Dev, the visionary Managing Director at Newcode Partnership Limited, recognized the need for our accounting expertise and trusted us to work our magic.
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