Accounting and Bookkeeping Services

Whether you're a startup or an established business, keeping track of your financials is essential to making informed business decisions. That's when accounting and bookkeeping services comes in. Accounting is the process of tracking income and expenses. An accountant is responsible for offering strategic financial advice in addition to being aware of the company's financial situation. Bookkeeping services is the process of keeping records of financial transactions and preparing financial statements, such as balance sheets and income statements. In day-to-day operations, a bookkeeper would make sure employees are filing invoices and expenses correctly and handling payroll. Bookkeeping and accounting are two functions which are extremely important for every business organization. In the simplest of terms, bookkeeping is responsible for the recording of financial transactions whereas accounting is responsible for interpreting, classifying, analyzing, reporting, and summarizi...