Bookkeeping involves maintaining accurate and updated data entry of your financial activities. This includes bank records, tax filings, income and sale records, and regulatory filings. It also includes bills and expenses tracking. This is essential to regulatory compliance. It will make other accounting functions much simpler and less time consuming.
Financial Reporting
By managing all of your cash inflow and outflow activities, several reports are accessible that provide valuable insights into your finances. All of the reports are pre-installed in QuickBooks; reports are updated in real-time as new data is entered and save.
This can be beneficial should you need to provide your financials to a potential investor or to your lender. By allowing me to track your finances, I can run the top three reports that will assess the overall health of your project:
• Profit and Loss Report
• Balance Sheet Report
• Statement of Cash Flows