Bookkeeping
Bookkeeping Services
We ensure that all of your company’s expenses, income, and transactions are recorded in the company’s books and reconcile the company’s financial accounts, typically on a monthly basis. Although bookkeeping can be in-house staff position, most businesses employ bookkeepers such as ourselves on a freelance basis.
Account Reconciliation
Account reconciliation ensures that transaction details in your accounting software match transaction details on your bank account statements, credit card statements, and other financial account statements.
It’s important to regularly reconcile your accounts to avoid overdraft fees, fraudulent charges, or incorrectly recorded transactions. A human touch is required to make sure all transactions are accurately recorded.
Manage Bank Feed
At a basic level, we manage the transactions brought in through your accounting system’s bank feed. Bank feeds link up your accounting software with your business bank account, allowing you to see each transaction in real time.
We keep an eye on these transactions and make sure they are being categorised correctly.
We might also have to manually add any transactions generated outside of the accounting system, such as cash payments or handwritten checks that aren’t included in the bank feed. It could also involve matching deposits as customer payments to help manage accounts receivable or outgoing transactions as payments against vendor bills.
