About this Plan
This online accounting and bookkeeping service is intended to support you throughout the year with all of your accounting needs. Remember that having a well planned financial system can carry your business to greater heights. These tailormade bookkeeping services will take your finances to the next level.
Accounting Service
Accounting is the process of recording, classifying, summarizing, and interpreting financial information. It is used to track the financial performance of a business and to make financial decisions.
Bookkeeping Service
Bookkeeping is the process of recording financial transactions. It involves entering data into accounting software, reconciling bank statements, and preparing financial statements.
Differences Between Bookkeeping and Accounting
Bookkeeping is the foundation of accounting. It is the process of recording financial transactions, while accounting is the process of summarizing and interpreting that data.
Here is a table summarizing the key differences between bookkeeping and accounting:
Benefits Of Outsourcing Accounting & Bookkeeping
There are many benefits to outsourcing accounting and bookkeeping services. These include:
Save time and money: Outsourcing can save you time and money by freeing up your staff to focus on other tasks.
Improve accuracy: Outsourcing to a professional accounting firm can improve the accuracy of your financial records.
Get access to expertise: Outsourcing to a professional accounting firm gives you access to the expertise of experienced accountants.
Reduce risk: Outsourcing can help reduce the risk of financial errors and fraud.
Improve compliance: Outsourcing can help you ensure that your business is compliant with all applicable laws and regulations.