BOOKKEEPING

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What Is Bookkeeping

Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation. There are several standard methods of bookkeeping, such as the single-entry bookkeeping system and the double-entry bookkeeping system, but, while they may be thought of as "real" bookkeeping, any process that involves the recording of financial transactions is a bookkeeping process.

We Provide Bookkeeping

We are highly committed towards providing our clients General Bookkeeping Services. Our experienced professionals help in recording daily transactions in a consistent way and are a key component to building a strong foundation for your business. We maintain meaningful and well-organized financial records for our clients business, which are delivered in time ensure that your business operations will run more efficiently.

Reconciliations

A procedure for confirming the reliability of a company’s accounting records by regularly comparing. An account reconciliation may be prepared on a daily, monthly, or annual basis.

Payables & Receivables

Payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. Receivable is the money that a company has a right to receive because it had provided customers with goods and/or services. Let IB Accounting and Tax help you ensure that your payables and receivables are up to date.

Job Costing & Budgeting

Budget analysts help companies and organizations keep their finances on track. We can help you prepare budgets and develop forecasts based on past spending and economic trends.

Cash Flow & Financial Reports

Financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, investing and financing activities.

Clients Required Documentation