For the uninitiated, bookkeeping refers to the recording of the financial transactions of any business establishment. These transactions could typically comprise: Sales Purchases Income and, Expenses (or payments made by the business) In many organisations, a bookkeeper handles all the bookkeeping activities of the business. Also known as an accounting clerk or an accounting technician, this individual records the day-to-day financial transactions of the

Regardless of the size or the nature of the business, bookkeeping can be a tedious and a time consuming activity. It involves keeping a meticulous and accurate record of all financial transactions pertaining to the business. Any small business owner already has a wide range of activities to execute or oversee. Adding bookkeeping to this mix would leave the business owner with little time for looking after anything else. In particular, many business owners usually have little

Rarely, if at all, can any business enterprise function without having a bookkeeper. Large businesses can hire a team of accountants or bookkeepers for looking after their requirements. These business establishments typically have requirements that are more complex in nature. In addition, they have deep pockets, which enable them to pay their financial accounting specialists exorbitant sums of money. However, small and medium-sized businesses cannot afford to hire a bookkeepi

Unlike large business corporations, small and medium-sized businesses do not usually require full-time bookkeepers. Hiring bookkeepers on a part-time basis is not worthwhile either. Therefore, these business enterprises often rely on the financial business services provided by various bookkeeping firms. These bookkeeping firms usually provide two kinds of services, comprising: Onsite Bookkeeping Services: Here, the bookkeeping firm sends a bookkeeper to the client’s site