Financial Bookkeeping

Recording Financial Transactions:

Maintaining accurate records of all financial transactions, including sales, purchases, receipts, and payments.

Maintaining Ledgers:

Organizing and updating general ledgers and subsidiary ledgers to reflect the financial activities of the business.

Reconciliation:

Reconciling bank statements, credit card statements, and other financial accounts to ensure accuracy and consistency.

Accounts Payable and Receivable:

Managing accounts payable and accounts receivable, including invoicing, bill payments, and collections.

Financial Reporting:

Generating financial reports, such as balance sheets, income statements, and cash flow statements, to provide insights into the financial health of the business.

Compliance with Local Regulations:

Ensuring that bookkeeping practices comply with local financial regulations and tax laws.