What services do we cover in Bookkeeping?

• Establishing Accounting System: Establish a single or double entry accounting system.
• Monitoring Bookkeeping Policies and Procedures: Implement and oversee the monitoring of bookkeeping policies and procedures.
• Credit and Debit Accounts: Create credit and debit accounts, including the allocation of expense categories.
• Data Entering into the System: Input both expenses and income into the software, encompassing non-digital payment methods such as cash and checks.
• Banking Operations: Manage banking operations, including handling new deposits.
• Training: Conduct training sessions for staff on the utilization of relevant bookkeeping software
• Verification: Verify that recorded expenses comply with company policies and oversee the approval process.
• Accuracy: Ensure the accuracy of information and verify account balances in the case of a Double Entry system.
• Data Backup: Maintain records and perform necessary backup and archiving procedures.
• Financial Reporting: Collaborate with the accountant in preparing financial statements or independently prepare them based on requirements.
• Compliance: Ensure adherence to accounting best practices and governmental regulations in all bookkeeping activities.
• Audit Assistance: Assist in audit processes and promptly identify and address any discrepancies.