Our Bookkeeping Services are focused on reducing the finance and accounting costs of our clients by helping them with their management, accounting and tax preparation needs. Here is the list of some of the things that we take care of
- General ledger maintenance
- Preparing accounts payable reports
- Trial balance services
- Preparing income statements (Profit & Loss)
- Balance sheet services
- Preparing sales reports
- Preparing purchase reports
- Cash flow statement
- Entry of transactions
- Inventory services
- Accounting setup services
1. What is book keeping?
Bookkeeping refers mainly to the record-keeping aspects of accounting. Bookkeeping is essentially the accounting process of recording all the information regarding the transactions and financial activities of a business.
2. Why is book keeping important?
Keeping your financial records organized makes it easier to locate and provide to appropriate parties. Bookkeeping is important because it helps with business analysis. It is a tool used by management to analyze business performance. The product of bookkeeping is financial statements.
3. What is the difference between accounting and book keeping?
In the simplest of terms, bookkeeping is responsible for the recording of financial transactions whereas accounting is responsible for interpreting, classifying, analyzing, reporting, and summarizing the financial data.