AFRS

What is Bookkeeping? Bookkeeping is the process of keeping track of every financial transaction made by the company daily, monthly, and annually. Depending on the type of accounting system used by the business, each financial transaction is recorded based on supporting documentation. That documentation may be a receipt, an invoice, a purchase order, or some similar type of financial record showing that the transaction took place.

 

Maintaining bank account transactions and reconciliations by posting incoming deposits and outgoing payments. Keeping accurate bank account balances making tax time easier with all accounts reporting correct balances that can be verified.

 

Keeping track of vendor bills so you don’t become delinquent on accounts providing weekly and monthly accounts payable reports.

 

Making sure you get paid by customers with invoicing and posting payments to accounts. Allowing you to review reports for overdue balances and maintaining cashflows for your business.  

 

Recording and reconciling all transactions on a timely basis for accurate financial records. Enabling your business to provide accurate financials. Whether it be for tax reporting, bank loans, or investors.