Bookkeeping Services

Bookkeeping involves the recording, storing and retrieving of financial transactions for a company, non-profit organization, individual, etc.

Common financial transactions and tasks that are involved in bookkeeping include:

• Billing for goods sold or services provided to clients.
• Recording receipts from customers.
• Verifying and recording invoices from suppliers.
• Paying suppliers.
• Processing employees’ pay and the related governmental reports.
• Monitoring individual accounts receivable.
• Recording depreciation and other adjusting entries.
• Providing financial reports.

Bookkeeping requires knowledge of debits and credits and a basic understanding of financial accounting, which includes the balance sheet and income statement.

Duties of the Bookkeeper

Bookkeeping, accounting, and auditing clerks typically do the following:

• Use bookkeeping software, spreadsheets, and databases
• Enter (post) financial transactions into the appropriate computer software
• Receive and record cash, checks, and vouchers
• Put costs (debits) and income (credits) into the software, assigning each to an appropriate account
• Produce reports, such as balance sheets (costs compared with income), income statements, and totals by account
• Check for accuracy in figures, postings, and reports
• Reconcile or note and report any differences they find in the records