Bookkeeping Services
Small business bookkeeping services encompass a range of tasks aimed at maintaining accurate and up-to-date financial records for a business. These services are crucial for monitoring financial health, making informed business decisions, and ensuring compliance with tax regulations. Here are the typical components included in our bookkeeping services:
Recording transactions
recording revenue generated from sales or service, documenting and recording expenses, including credit card and general ledger entries.
Accounts receivable
creating and sending invoices to clients for goods or services rendered, recording payments received from clients
Accounts payable
recording invoices received from suppliers, recording payments made to suppliers.
Bank reconciliation
ensuring that recorded transactions match bank statements, investigating and resolving any discrepancies between the two.
Expense tracking
making sure expenses are correctly coded and recorded for tracking and analysis.
Financial reporting
Profit and Loss
Balance sheet
Cash flow statement