Bookkeeping and Accounting Services

• Professional Accountant

• Startup friendly

• Can contact us via Chat/phone/email

• Monthly Financials

• Xero, QuickBooks, Zoho software experts

Bookkeeping & Accounting Services we can
offer

Journal Ledger – Day to Day transactions

Bank & Credit Card Reconciliation

Accounts Receivable & Payable Management

Inventory Management & Reconciliation

Monthly Financials Statements

Payroll

Audit Support

CIS Filing

VAT Filing

How it Works ?

You just need to follow 4 simple steps

Monthly
Bookkeeping Services

We believe knowing your company financial is the key of maintain control
on your business. We would assist you keeping the company financial up
to date monthly by entering your bank transactions monthly and
communicating any question or concerns as they come up. We also like to
complete a thorough month-end close process including:

• Reconciling your bank accounts.

• Checking your balance sheet accounts.

• Reviewing your open invoices and bills.

• Reviewing your revenue and expense classifications.

• Providing any customized reporting you need to run your business better.

Why Choose Us ?

What is a Bookkeeping?

Bookkeeping is a process of recording and organizing all the business transactions that have occurred in the course of the business. Bookkeeping is an integral part of accounting and largely focuses on recording day-to-day financial transaction of the business. All the financial transactions such as sales earned revenue, payment of taxes, earned interest, payroll and other operational expenses, loans investments etc. are recorded in books of accounts.
Our communication system is so simple - you can send your information by just uploading it to a secured dashboard portal where security is our topmost priority.
The way the bookkeeping is managed determines the accuracy of the overall accounting process that is been followed by the business. Thus, bookkeeping ensures that the record of financial transactions are up-to-date and more importantly, accurate

Why Bookkeeping is important for all business?

Just like to prepare a report, you need a source of data, bookkeeping is a source that gets summarized into the financial statements or any other accounting report that you see. With bookkeeping tracks and records all the financial transactions, it becomes the starting point of accounting. No bookkeeping = No accounting.
Thus, it becomes important for businesses, small or big to have bookkeeping in place.

The following are the importance of bookkeeping:

Components of Bookkeeping

Bookkeeping tasks provide the records necessary to understand a business’s finances as well as recognize any monetary issues that may need to be addressed. Proper planning and scheduling is key since staying on top of records on a weekly or monthly basis will provide a clear overview of an organization’s financial health. For every type of business, bookkeeping includes several components and steps, including:

• Documenting every financial transaction (payments and expenses)

• Recording all debits and credits

• Sending invoices and processing payments

• Preparing financial statements (balance sheet, income and cash flow)

• Maintaining and balancing a general ledger

• Conducting daily banking activities

• Completing payroll functions

Bookkeeping vs. Accounting

While they seem similar at first glance, bookkeeping and accounting are two very different mediums.

Cash-based and Accrual-based for Bookkeeping

In cash-based, you recognize revenue when you receive cash into your business. Expenses are recognized when they are paid for. In other words, any time cash enters or exits your accounts, they are recognized in the books. This means that purchases or sales made on credit will not go into your books until the cash exchanges.

In the accrual method, revenue is recognized when it is earned. Similarly, expenses are recorded when they are incurred, usually along with corresponding revenues. The actual cash does not have to enter or exit for the transaction to be recorded. You can mark your sales and purchases made on credit right away.

Both a cash and accrual basis can work with single- or double-entry bookkeeping. In general however, the single-entry method is the foundation for cash-based bookkeeping. Transactions are recorded as single entries which are either cash coming in or going out. The accrual basis works better with the double-entry system.