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Bookkeeping and Accounting Service

Bookkeing and Accounting Serive

Bookkeeping is an essential part of running a business, as it involves recording your company’s financial transactions in a systematic manner on a daily basis. This process provides valuable insights into your company’s financial health and helps you make informed decisions about the future.

An accountant is not only responsible for keeping track of your company’s financial transactions but also for offering strategic financial advice to help you achieve your business goals. Bookkeeping services encompass the maintenance of financial records, the preparation of financial statements such as balance sheets and income statements, and the management of various financial tasks.

Bookkeeping and accounting Service 

  • Financial Performance Tracking: Bookkeeping provides a clear picture of your company’s past financial performance, enabling you to identify areas for improvement and plan for future growth.

  • Investor Attraction: Potential investors rely on accurate financial information to make informed decisions about whether to invest in your company. Up-to-date and accessible bookkeeping records can attract investors and increase your chances of securing funding.

  • Budgeting and Tax Preparation: Bookkeeping helps you create realistic budgets for your business and ensures that you are prepared for tax season. Accurate financial records make tax preparation easier and more efficient.

  • Organization and Compliance: Bookkeeping keeps your business organized and compliant with tax regulations and other financial reporting requirements. This can save you time, money, and potential legal issues.

Bookkeepers provide a range of services to support your business, including

 

  • Recording financial transactions accurately and consistently
  • Reconciling bank accounts to ensure they match your financial records
  • Managing bank feeds to automate transaction updates
  • Handling accounts receivable and accounts payable, including invoicing and bill payments
  • Working with your tax preparer to ensure tax compliance
  • Preparing financial statements, such as balance sheets and income statements
  • Taking on some payroll and human resource functions, such as processing payroll and managing employee records