Accounting & Book - Keeping
Accounting and bookkeeping services are essential financial functions that businesses utilize to manage and record their financial transactions, ensuring accurate and organized financial records. Both services play crucial roles in maintaining a company’s financial health, facilitating decision-making processes, and meeting regulatory compliance requirements.
Bookkeeping Services: Bookkeeping involves recording and organizing financial transactions, such as sales, purchases, receipts, and payments, on a day-to-day basis. The primary objective of bookkeeping is to maintain a systematic and detailed record of financial activities. Bookkeepers use various accounting tools and software to record these transactions in journals and ledgers.
Accounting Services: Accounting involves analyzing, interpreting, and summarizing financial data recorded by bookkeepers to provide meaningful insights into a company’s financial performance and position. Accountants use the information compiled by bookkeepers to generate financial reports, conduct financial analysis, and offer financial advice to businesses.
