Bookkeeping

Bookkeeping is the process of recording and organising a company's financial transactions, such as sales, purchases, receipts and payments. It is an essential component of accounting and involves maintaining accurate and up-to-date records to ensure compliance with tax laws and regulations, as well as to provide insights into financial performance. Bookkeeping tasks can include reconciling bank statements, creating invoices, tracking expenses and maintaining general ledger accounts. Accurate bookkeeping is crucial for making informed decisions, tracking progress and preparing for tax filing.