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What is Bookkeeping?

About Bookkeeping

Bookkeeping involves the recording, on a regular basis, of a company’s financial transactions. With proper bookkeeping, companies are able to track all information on their books to make key operating, investing, and financing decisions.

Besides maintaining financial records, bookkeeping services provided

  • Preparing Tax Returns

  • Invoicing

  • Monitoring Performance Indicators

  • Cleaning up Books of Accounts

  • Maintaining Accounts Receivable and Accounts Payable

  • Reconciling Bank Book with Bank Statements

  • Undertaking Budgeting and Cash Flow Analysis

  • Management Reporting

What does a Bookkeeping Services do?

Bookkeeping services Include

It is the responsibility of the bookkeeper to provide accurate, upto date financial data so the accountants can prepare the annual financial reports and statutory reports as required for various requlatory compliance. These accounting reports used by the various stakeholders like management and revenue department for various internal decsion making and arriving tax liability respectively.

Some of the bookkeeping services provided by Pearl Business Services to its clients listed below:

  • Preparation Daybook and Cashbook​

  • Receivables & Payables accounting

  • Preparation of financial statements as required under different legislature.

  • Documenting as required under various legislations like Income Tax, GST, etc.,

  • Preparation of Budget

  • Monthly, Quarterly, and Yearly MIS Reporting

Benefits of Bookkeeping

Benefits for Business Decision

One of  the most important decisions that you make as a business owner is to hire a bookkeeping keeping service provider (Pearl Business Services) for your small business. There are innumerable benefits of taking bookkeeping service

  • Ability to Concentrate on Core Operations.

  • On Time Compliance with Statutory and Regulatory Laws

  • Quick Invoicing

  • Be Preapred for Tax Season

  • Get Clear View of your Finances

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