Definition of Bookkeeping
Bookkeeping is the recording of financial transactions & is part of the process of accounting in business & other organizations. It involves preparing source documents for all transactions, operations, & other business events. Transactions include purchases, sales, receipts, & payments by an individual person or an organization / corporation.
1.To Record the Transactions
Bookkeeping is all about keeping a full-fledged record of all the transactions, as and when they take place,in an orderly manner.
2.To Show the Correct Position
If bookkeeping work is adequately performed,it shows the correct position of the business concerning income & expenditure,assets,&liabilities.
3.To Ascertain Financial Effect
Bookkeeping tends to reflect the financial effect of allthe business transactions that occurred in a financial year on the business.
The services we provide
Commonly Used Methods in Bookkeeping
Single-Entry Bookkeeping
Cash Basis Bookkeeping
Double-Entry Bookkeeping
Accounting Software Bookkeeping
Spreadsheet Bookkeeping
Accrual Basis Bookkeeping
Outsourced Bookkeeping
The advantages of our services
Best Practices of Bookkeeping
Consider a Phased Approach
Keep Your General Ledger Current
Plan for Taxes throughout the Year
Keep Your Personal and Business Finances Separate
