Services

1. Recording Financial Transactions

• Transaction Entry: Inputting all financial transactions into a bookkeeping system (software or spreadsheet), including sales, purchases, expenses, and payments.

• Categorization: Classifying transactions into appropriate categories (e.g., rent, utilities, supplies) to facilitate analysis and reporting. 

2. Managing Accounts Payable and Receivable

• Accounts Payable (AP): Tracking and paying vendor bills on time to maintain good vendor relationships and avoid late fees.

• Accounts Receivable (AR): Creating and sending invoices to customers, tracking payments, and following up on overdue invoices. 

3. Bank and Credit Card Reconciliation

• Reconciling Statements: Comparing bank and credit card statements with internal records to ensure accuracy and identify any discrepancies or errors. 

4. Generating Financial Reports

• Profit & Loss (P&L) Statement
• Balance Sheet
• Cash Flow Statement

5. Other Essential Bookkeeping Tasks