Accounting & Bookkeeping Services involve the recording, organizing, and managing financial transactions and records for businesses. These services are crucial for maintaining accurate financial information and making informed business decisions.

Accounting & Bookkeeping Services Includes:

• Day to Day Accounting: Day-to-day accounting refers to the ongoing financial activities and tasks that businesses perform on a regular basis to record, organize, and manage their financial transactions. These activities are essential for maintaining accurate financial records and ensuring the smooth operation of the business. Recording all financial transactions, such as sales, purchases, expenses, and payments, in the accounting system or ledger. This includes documenting the date, amount, description, and relevant accounts affected by each transaction.

• General Ledger Maintenance: Recording financial transactions, such as sales, purchases, expenses, and receipts, into the general ledger. This includes maintaining various accounts such as cash, accounts receivable, accounts payable, inventory, and fixed assets.

• Accounts Payable Management: Managing the accounts payable process, including recording and tracking vendor invoices, processing payments, and reconciling vendor statements.

• Accounts Receivable Management: Managing the accounts receivable process, including generating customer invoices, tracking payments, following up on overdue payments, and managing customer credit.

• Bank Reconciliation: Performing bank reconciliations to ensure that the organization’s bank records and accounting records are accurately aligned

• Financial Reporting: Preparing regular financial reports, such as profit and loss statements, balance sheets, cash flow statements, and customized financial reports as required by the business.

• Expense Tracking and Reporting: Tracking and categorizing business expenses, reconciling credit card statements, and generating expense reports for analysis and decision-making.

• Financial Analysis: Analyzing financial data and providing insights into business performance, trends, and financial health. This may involve ratio analysis, variance analysis, and other financial metrics.