
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.