Bookkeeping Services
Bookkeeping is the process of recording all financial transactions of a business unit in a systematic way on a day-to-day basis. Most common examples of records are:
- Receipts from customers.
- Payments to suppliers.
- Billing for products supplied.
- Recording invoices from suppliers.
- Recording depreciation and other adjustments etc.
- 6- Bookkeeping acts as a basis for the accounting process. A bookkeepers’ duty is to record each transaction in the corresponding day-book or journals. A competent bookkeeper records the financial transactions such a way that it gives a clear picture of activities performed inside a business unit.
The last stage of bookkeeping is to prepare the trial balance, find and correct errors. Based on this, an accountant prepares the financial statement of the company.
