What exactly is bookkeeping?

It is the foundation of the accounting process.  Bookkeeping is a vital service that ensures the business accounts are maintained to a high level of detail, are accurate, and that the business is tax compliant.  This is also where strategies to improve core areas of your business are developed. 

Your bookkeeper will be the constant accounting contact for your business. The real-time information they collect can offer you new insight into your business.  They can advise you on ways to reduce costs, on cash flow, credit control, and tax.

Where a business requires the services of an accountant - for example incorporated companies, the accountant will require accounts that have been prepared by a bookkeeper.  Bookkeepers are trained and use the same financial recording methods and language as accountants to ensure that accountants can quickly and easily process the financial information presented to them.   This saves the accountant time and so reduces the cost to you.

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