Business Bookkeepers - Bookkeeping Defined
Bookkeeping is defined as correctly recording the day to day business transactions.
At Business Bookkeepers we record business transactions on a regular and systematic manner so as to know the business results with a minimum of trouble. Bookkeeping is a statistical process of collecting, classifying and summarizing financial information.
Accountants want bookkeepers to record all business transactions and to show the effect of each transaction and the combined effect for all transactions within a given period, so as to find out if the business has earned a profit or loss. This accurate method of bookkeeping shows the correct financial position at a particular date.
If you are a business with a turnover less than $2 mil, the bookkeeper would use a Cash system of bookkeeping to record cash receipts and payments. Businesses over $2mil are required to use Accrual system of bookkeeping.
Business Bookkeepers has been in business over 10 years and has ongoing CPA support. As we are an offsite bookkeeping service – we do not disrupt your office – with the use of technology accurate; low cost bookkeeping can be managed offsite. Your business does not incur the cost of having an onsite employee. As we have a team of bookkeepers the finance side of the business is not interrupted because of holidays, personal, and maternity leave – a qualified bookkeeper is always available to be of service to your business. All our bookkeepers have qualified as government compliant bookkeepers.
The main objective of bookkeeping was to ascertain the result of the business (whether a profit or loss has been incurred). This is achieved by recording, classifying while meeting the requirements set down by the government regulations and the financial guidelines.
What bookkeeping service do we offer?
- Business Activity Statements
- General Bookkeeping
- Bank Reconciliations
- Payroll Services
- Accounts Payable and Receivable
- Data Entry
- Financial Reports
- Liason with your Accountant
