Old balances in customer and supplier accounts can remain in the accounting records for years, making it harder to obtain an accurate picture of a company's financial position.
Invoices that have already been paid but are still recorded as outstanding, unreconciled transactions, unsettled credits or amounts whose origin is no longer clear can create discrepancies between the accounting records and the actual situation of the business.
For this reason, it is important to review current accounts regularly, confirm outstanding transactions and determine the appropriate accounting and tax treatment for each balance.
This analysis helps ensure more reliable financial information, improves the year-end closing process and prevents old issues from remaining unresolved unnecessarily.
Aldeia Fiscal helps review customer and supplier balances, identify outstanding amounts and regularise your company's accounting records.
Contact us and gain a clearer, more up-to-date view of your business's financial position.
