GST & Accounting Services

Book Keeping

Book Keeping

Bookkeeping is the process of recording financial transactions of a business in an accounting system and the creation of reports.

Importance of Book Keeping

  • Proper book keeping gives companies a reliable measure of performance.
  • Many small companies don't actually hire full-time accountants to work for them because the costs are usually higher.
  • Instead, small companies generally hire a bookkeeper or outsource the job to a professional firm.

Book Keeping

 

Book keeping Procedure

  • Maintaining the records - Journalize the entries to their specific ledgers and maintaining them on day to day basis.
  • Analysis of the data - Data related to Sales and purchase, incomes, expenses and cash related transactions should be accurate.
  • Verification by the client - The transactions should be verified by the client before finalizing the records.
TOP