- Bookkeeping: The process of recording daily financial transactions such as sales, purchases, receipts, and payments.
- Accounts: Broader management of financial information, including the preparation of financial statements (e.g., balance sheets, income statements).
- Transaction Organization: Classifying financial data into categories for better analysis and tracking.
- Financial Statements: Generating key documents that provide insight into the financial position of a business.
- Compliance: Ensuring adherence to tax laws, accounting regulations, and financial reporting standards
- Financial Analysis: Reviewing financial data to assess business performance and make informed decisions.
- Transparency: Providing an accurate, clear picture of the company’s financial health for stakeholders.
Bookkeeping & Accounts
Bookkeeping and Accounts refer to the processes of recording, organizing, and managing financial transactions for a business or organization. Bookkeeping is the process of systematically recording daily financial transactions, such as sales, purchases, receipts, and payments. It ensures that all financial data is accurately captured and classified.
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