Bookkeeping is the recording, on a regular basis, of the financial transactions and information of a business. This ensures that records are correct and up to date. These records are then used to prepare financial statements, tax returns, reports, etc. that are produced within the broader scope of accounting for a business.
Examples of such records are:
For each transaction, there must be an accompanying document that describes its purpose, such as invoices, receipts, bank payments and so on. Nowadays, this is made much easier with cloud software, which allows businesses to forego the need of keeping physical evidence.
Some periods of the year are busier than others, and there will be more bookkeeping to be done during those periods. For all our bookkeeping services, if the variance doesn’t exceed our agreed transaction volume by more than 20% occasionally, we will not bill you extra for those months. Nevertheless, if you exceed that threshold, or your business generates more transactions than agreed for more than two months in a row, we will issue you with a new proposal to reflect the increased workload.
Focus on what matters most for your business while our dedicated team expertly manages your tax and compliance needs. Take the first step towards streamlined operations and increased efficiency today.