Streamlining Financial Operations for Blackrock Credit Union
Blackrock Credit Union were seeking to outsource the preparation of management accounts.
Our Work
To meet Blackrock Credit Union’s needs, we:
- Prepared monthly management accounts.
- Prepared balance sheet reconciliations.
- Prepared and posted journals.
- Maintained the fixed asset register.
- Identified and accounted for accruals and prepayments.
- Prepared payroll reconciliations.
- Reviewed and accounted for the investment portfolio.
- Assisted with quarterly prudential return.
Benefits to the Client:
- Strategic Focus: By taking over financial reporting responsibilities, the CEO can focus on growing the business rather than preparing accounts.
- Reliable Reporting: Monthly management accounts were prepared and delivered for board meetings, ensuring informed decision-making.
- Increased Assurance: The credit union experienced a renewed sense of comfort in having accounts prepared by professional
