What is bookkeeping and how can it help?
Bookkeeping is the process of recording and organizing the financial transactions done by your business. Our bookkeepers record the activities of your business within the guidelines of the GAAP accounting principles. Depending on the type of accounting system used by your business, every financial transaction is recorded with supporting documentation
Our bookkeeper will gather the documentation for each of your financial transaction, record the transactions in an accounting journal, categorizes each transaction as one or more debits and one or more credits, and arranges transactions according to your business chart of accounts. Without bookkeepers, a business could be unaware of its current financial status. Our experts will provide you with insight and data that allows you to get a better overview of the profitability of your company. We also manage small businesses’ finances, which includes invoicing clients and paying invoices from vendors, and tracking deposits and expenses.
Our bookkeepers oversee documenting or verifying financial data for your company or customers. Which includes checks received or written, invoices, expense sheets, and monthly or quarterly revenues. Our bookkeepers and accountants prepare your financial records to be organized and verified for accuracy. Bookkeepers organize all the smaller pieces of your business’s financial records, while accountants analyze and communicate these pieces.
Our accountant takes the bookkeeper’s work, analyzes the data, and produces the financial statements for your company. Some of our clients only need our bookkeepers to merely log transactions into journals or ledgers, then post amounts in ledgers.
Why choose Index Bookkeeping Solutions
At Index Bookkeeping Solutions we provide you the reassurance that we are checking receipts, putting payments in bank accounts, and keeping clean records to make sure that all your financial information is accurate and readily available if needed. When we manage your bookkeeping, you will not have to worry about familiarizing yourself with all the accounting complexities, that is what we are here for, we will help and guide you along the way. We will help you set up a chart of accounts, log in all your financial transactions, reconcile your bank accounts, and perform your monthly financial statements. Which gives you more time to focus on running your business and making more sales.
When the books are managed correctly, the information is accurate, well-organized, and useful, it allows for business owners or shareholders to make critical financial decisions that affect their business. Bookkeeping is important because accurate accounting records are critical for the resilience of a business. Proper bookkeeping helps keep accurate financial records, something businesses are legally required to do for tax purposes.
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