Bookkeeping Services

Bookkeeping services include a range of tasks that ensure every financial transaction is accurately recorded, organized, and readily accessible for decision making and compliance. Here's a detailed overview of what these services typically offer:

Data Entry and Transaction Recording:

• Logging sales, purchases, payments, receipts, and any other transactions into your accounting system.

Bank Reconciliation:

• Comparing your internal records with bank statements to resolve discrepancies and ensure accuracy.

Accounts Receivable and Accounts Payable Management:

• Tracking invoices issued to customers and bills from suppliers, ensuring timely collections and payments.

Expense Categorization and Tracking:

• Organizing expenses into appropriate categories for clearer financial insights and easier tax preparation.

Financial Reporting:

• Producing financial statements like income statements, balance sheets, and cash flow reports to provide a snapshot of your business health.

Tax Preparation and Support:

• Assisting in compiling the necessary records and supporting documents to streamline tax filing and maximize eligible deductions.

Payroll Processing (if included):

• Calculating employee wages, managing deductions, and preparing payroll records.

Compliance and Audit Readiness:

• Maintaining organized records that comply with accounting standards and regulatory requirements, making audits smoother to manage.