Reconciliation with counterparties

Inventory of liabilities
CAF Group experts can provide assistance when it comes to reconciliation with contractors and ensure that requirements of existing legislation are met, as well as help save time and money for client company.
Nataliya Ionova
CEO Caf Group
Service Model
1Acquisition of transactions data with contractors.
2Identifying absence of necessary accounting documents
3Compiling of reconciliation statement with contractor
4Requesting of missing accounting documents from contractor

Inventory of liabilities of both client company and contractor ensures bookkeeping and tax accounting veracity, thus implementing one of the main principles of any successful accounting service. Reconciliation requires highly qualified staff and can be an extremely time-consuming endeavor, since it involves participation of contractor representative, who may not always provide necessary information in a timely manner.

CAF Group provides reconciliation services with contractors, including:

  • An Analysis of accounting data of completed transactions.
  • Checking availability of necessary accounting documents.
  • Reconciliation of sums,
  • Identification of accounts payable and accounts receivable with expired limitation of actions.
  • Communication with contractors.
  • Requesting and receiving of missing source documents.

Benefits Received by Outsourcing Cross Reference with Contractors to CAF Group:

After reconciliation with contractors, CAF Group experts will help identify discrepancies in accounting data, find outstanding receivables, and acquire missing accounting documentation.

Minimization of exposure to claims, additional tax claims, fines and suspension of operations by the tax agencies.
НК !
Reduction of the number of claims by tax agencies in cases where contractors make mistakes.
Lightening the workload of internal financial staff, allowing them to concentrate their attention on strategic goals.
Possibility to recover receivables from contractor.
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143084, Odintsovo district, village Usovo, 100, BC «Rublevka Residence», building D