$10 per project
Service's Cover Picture
Provision of accounting or bookkeeping services involves the recording, classifying, and summarizing of financial transactions for a business or individual. This service is essential for maintaining accurate financial records and making informed decisions about the financial health of the entity. Accounting and bookkeeping services typically involve the following tasks: Recording financial transactions: This involves recording all the financial transactions that take place in a business, such as sales, purchases, expenses, and payments. Classifying transactions: Transactions are classified into different categories based on their nature and purpose, such as revenue, cost of goods sold, expenses, and assets. Ledger maintenance: Once transactions are classified, they are posted to the relevant ledger accounts, which are used to track the balance of each account over time. Trial balance preparation: The trial balance is a summary of all the ledger accounts that shows the total debits and credits for each account, and ensures that the books are in balance. Financial statement preparation: Financial statements such as the income statement, balance sheet, and cash flow statement are prepared using the data recorded in the books. Analysis and interpretation: Accounting professionals analyze financial data to provide insights into the financial health of the business, identify areas of concern, and make recommendations for improvement. Provision of accounting or bookkeeping services can be performed in-house by a dedicated accounting department, or outsourced to a professional accounting firm. In either case, accurate financial records are essential for making informed decisions about the financial health of the business or individual.
$10 per project