Accounting bookkeeping entails administrative support and data entry, such as maintaining financial records. A key part of the accounting process, bookkeeping requires a highly organized professional to accurately track and record financial transactions like sales and expenses.
This online accounting and bookkeeping service is intended to support you throughout the year with all of your accounting needs.
These tailormade bookkeeping services will take your finances to the next level.
Accounting and bookkeeping services are like the brain to process any business successfully. We should know that accounting and bookkeeping are different processes, and their combination makes the smooth running business.
Bookkeeping deals with identifying and recording financial transactions. whereas accounting refers to the process of summarizing, interpreting, and communicating the financial data of an organization.
Accounting and bookkeeping services include the following features :
Data entry is considered a basic ,necessary task for any organization.
Data entry is the process of interpret information into electronic medium.
It can perform the task manually or automatically by using any electronic device.
It includes all transactions, such as deposits and withdrawals, from a given timeframe.
companies produce bank reconciliation statements regularly to ensure that they’ve recorded all their banking
balance matches the amount the bank says they have.
Bank reconciliation statements can help identify accounting errors, discrepancies, and fraud. For instance, if
was collected and deposited, yet the bank statement does not show such a deposit, there may have been a
transactions correctly and that their ending
the company’s records indicate a payment
mistake or fraud.
This is an important step on the accounting cycle. We can provide a financial statement analysis and file quarterly and year-end statements.
In the organization vendor payment is the final step to the procure-to-pay cycle, and it will ensure a stable relationship with the suppliers or vendors.