Submitted by: Smart Web

Book keeping is the process of recording, scrutinizing and explaining the financial transactions and accounts of the business.

What does a book keeper do?

A book keeper has to record and make journal entries for all financial transactions a company does in the daily course of business.They may undertake in the following activities

1. Pass journal entries for sales, purchases, incomes, payments etc.

2. Reconciliation of bank statements

3. Reconciliation of petty cash

4. Accounting all capital expenditure transactions

5. Accounting all depreciation on assets

6. Making tax provision

7. Making entries for prepayments and accruals

It is necessary that a book keeper should have all the appropriate knowledge of accounting and passing journal entries, making adjustments, provisions etc. He should be accurate and efficient to handle the book keeping of the business.

What does an accountant do?

An accountant will prepare all the financial statements of the business like the profit & loss statement, trial balance, income statement, cash flow, balance sheet etc. The book keeper and the accountant tasks go hand in hand. Their work complements each other.

Now day’s companies have an option to outsource their book keeping process to some professional who offer this service at a price.

There are many different companies providing bookkeeping and accounting services NJ.They provide book keeping and accounting services for all business size small, medium or large. They have a team of professional and experts having complete knowledge and experience in their field. They provide the best services for all the tasks performed by a book keeper.

Why book keeping and accounting services should be outsourced

1. Responsiveness: These professionals can advise the company on various financial decisions and can account for all business and financial transactions accurately. They have expertized knowledge in this field and have the capability to handle the accounts of the business with dedication and professionalism.

2. Quality: They provide quality services at a reasonable price. They build client relationships by provide accurate and desired services thereby building trust and goodwill for their company.They fulfill their commitments and deliver good results for complete satisfaction of their clients.

3. Professionalism: They have a team of professionals who have good knowledge of book keeping. They also take efforts to upgrade their knowledge and skills by undertaking workshops and trainings.They continuously upgrade their knowledge with the latest techniques and methods of book keeping their client satisfied and providing them with excellent services.

There are many user friendly software’s available providing book keeping services NYC.These software’shelps in recording the transactions, tax planning and other accounting functions of the business. They are customized as per the needs and requirements of the business. The book keeping software enables the business to function in a proper way and manage their accounts in an organized way. These software’s provide a number of accounting features which are designed especially for the respective business.

Features of book keeping software’s

Accounts reporting

Auditing

Financial statements

Accounts payable

Accounts receivable

These software’s are very useful to the business and can be beneficial to increase their profitability.

About the Author: Get more details at

bddbookkeeping.com

Source:

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