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Our bookkeeping services include recording, organizing, and maintaining financial transactions and records for a business or organization.
- Recording, organizing, and maintaining financial transactions and records for a business or organization
- All financial transactions, such as sales, purchases, expenses, and payments, into the accounting system. This process involves documenting the date, description, and amount of each transaction.
- Track money owed to the company by customers or clients. Record sales on credit, send out invoices, and follow up on outstanding payments.
- Manage the company's debts and obligations to suppliers and creditors. They record and monitor invoices received, track payment due dates, and ensure timely payments.
- Maintain records of inventory levels and costs, helping businesses keep track of their stock and understand inventory-related expenses.
- Record and track depreciation for property, plant & equipment and amortization for intangible assets to spread their costs over their useful lives.
- Allocate shared expenses (e.g., rent, utilities) to different departments or cost centers.
- Reconcile bank and credit card accounts to ensure that recorded balances match actual balances. Reconcile various ledger accounts (e.g., accounts receivable, accounts payable) to resolve discrepancies.
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