Accounting Services
Understanding Accounting vs Bookkeeping
Many people often confuse accounting with bookkeeping, using the terms interchangeably. However, these are distinct processes with different functions. Bookkeeping involves the basic data entry of financial transactions, ensuring that all records are accurately maintained. On the other hand, accounting goes beyond simple data entry. It includes analyzing and interpreting financial data, identifying weaknesses in financial processes and procedures, and providing expert advice to clients to address these issues effectively. Understanding these differences is crucial for optimizing your financial management and achieving better financial outcomes.
Tailored Accounting Solutions
Every business entity has a unique structure, and our goal is to create a customized accounting solution tailored to your specific needs. We work closely with your accounting and finance staff to understand your unique processes and provide expert advice to enhance them. Our services include delivering regular accounting and financial information, which empowers you to make informed business decisions. Additionally, we offer outsourced finance and accounting solutions for small businesses and start-ups, helping you reduce operating costs and streamline your financial operations.
Our Accounting Services: Each month or quarter will do the following things for you:
1. General Ledger Entries
2. Reconcile your bank account and other key balance sheet accounts
3. Generate a Balance Sheet
4. Generate an Income Statement
5. Cashflow Statement