Bookkeeping is that phase of accounting that is involved with the mechanics
of keeping accounts, ledgers and journals, including posting entries and
taking trial balances. Bookkeeping offers the essential support for such
accounting purposes as the preparation of financial statements, cost
reports and tax returns.
Bookkeeping services is a main process of any small business and other
considerable size of outsourcing bookkeeping and accounting firm. Bookkeeping
services that facilitates the smooth and favorable functioning
1) Data Entry.
2) Account Receivable.
3) Accounts Payable Management.
4) Bank Reconciliation.
5) Financial Statement Preparation.
6) General Ledger.
7) Payroll Processing.
8) Trial Balance Sheet Preparation.
Accounts receivable is a order of accounting transactions
handling with the billing of customers who owe money to a person, company
for products and services that have been offered to the customer.
In most business entities this is commonly done by producing an invoice and
mailing or electronically delivering it to the customer, who in turn must pay
it within an established timeframe called credit or payment terms.
The general ledger famous as the nominal ledger, is the main accounting
record of a business which manages as double-entry bookkeeping. It will normally include
accounts for such items as current assets, fixed assets, liabilities, revenue and
expense items, gains and losses. The general ledger is a collection of the bundle of accounts that supports the
items shown in the main financial statements.