Bookkeeping
Bookkeeping
Accurate bookkeeping is important to sustaining and expanding a business. The proper bookkeeping helps you manage your business and to ensure compliance for audits, filings and tax purposes. We are ready to review your internal books and help keep you organized. We assist our clients by providing detailed, analytical financial reports that enable business owners to understand and address each component of their company. Our bookkeeping services include:
- Transaction and related data entry
- Monitoring Accounts Receivable and Accounts Payable
- Performing Bank Reconciliations
- Analyzing outstanding checks/deposits
- Recording monthly adjusting journal entries
- Creating monthly financial reports (Profit and Loss Account, Balance Sheet & Statement of Cash Flows)
Are Your Books a Mess? No Problem!
If you own a small business and haven’t kept up your bookkeeping, don’t worry. We can help you. We will prepare your bookkeeping for the year; prepare a full Schedule C, as well as your personal income tax return. Then we’ll help you set up an easy system that allows you to keep your books in the best shape next year.
FAQ – Bookkeeping
What exactly does a bookkeeper do?
Bookkeeping clerks, also known as bookkeepers, often are responsible for some or all of an organization’s accounts, known as the general ledger. They record all transactions and post debits (costs) and credits (income).
What is difference between accounting and bookkeeping?
Bookkeeping is all about recording and organising financial data while accountants take that data to prepare reports and get them ready for HMRC.