Small Business Bookkeeping Solutions SA is a bookkeeping business looking after your accounts and paperwork, ensuring your business compliance.
Bookkeeping involves gathering, recording and reporting on the financial transactions of a business. Bookkeeping is the beginning of the accounting process and is critical to business meeting its statutory obligations, and effectively managing business operations.
Bookkeeping today is not only entering data and reconciling the bank, but also thinking about the needs of the client, thinking about the processes to get a result.
Firstly, what is expected for standard bookkeeping?
- Processing Purchases, sales, receipts, payments
- Processing Payroll & maintaining entitlements & employee records
- Bank Reconciliation
- Providing Reporting for preparation of a BAS
- Producing Reports for both client and accountant
- Record keeping
Good bookkeeping now includes not only the standard process but also asking the questions ‘can we do this better?’ and ‘is bookkeeping part of the Business System?’ Have I dealt with all the relevant information to produce an accurate result?