Elite Finance
07 Apr
Posted By: admin 0 comments April 7, 2016 Tags: bookkeeping services,

For the uninitiated, bookkeeping refers to the practice or profession that involves recording the accounts and transactions of a business. Many people often confuse bookkeeping with accounting. However, both the terms are quite different. Bookkeeping is an essential element of accounting. As such, it is not only important for individuals, but for all kinds of businesses as well. In fact, even not-for-profit organisations require bookkeeping services. It is worth mentioning that bookkeeping by itself, does not involve the creation of accounting and / or financial statements. However, it does help in revealing the inflow and outflow of funds from a business.

By definition, bookkeeping refers to the process of physically recording the individual transactions of a business into the correct accounts. As such, bookkeepers would typically need to identify and categorise the origins of all incoming funds. Therefore, professional bookkeepers would need to segregate all inflowing funds into their respective heads.

For instance, any business will typically receive some funds from investments, loans, sales etc. In a similar manner, they would need to identify the different heads for outgoing funds too. In many cases, business expenses typically involve loan payments, the payment of dividends to stock holders, the payment of compensation to employees etc.

Elite Finance Quote
Elite Finance
Elite Finance
Elite Finance
Elite Finance

We do the right things,at the right time.

Our experts work closely with your organisation and ensure quick growth by understanding your company’s unique financial needs.

Elite Finance

250+


Total Clients

Elite Finance

150%


All Projects

Elite Finance

1200%


REVENUE INCREASE

Elite Finance

100%


SATISFIED CLIENTS

Elite Finance

// CLIENT FEEDBACK

  • Elite Finance
    James L. GM, TTN Pty LTd

    “Elite Financials are always efficient and pleasant to do business with. We have had nothing but an exceptional service and the advice we have received has been correct and perfect for our business....

    100% Recommended
  • Elite Finance
    Pauline L Operation Manager, Lead Tech Pty Ltd

    "Very accommodating, keeps us on the right track with our Accounts and efficient on ensuring tax deadlines are met. I would recommend Elite Financials for any businesses"...

    100% Recommended
  • Elite Finance
    Martin G GM, Ourtechs Australia

    "I've been using Elite Financials for many years since my last accountant let me down, and I've been very impressed with the service I've received. Tony really seems to understand my business, and he ...

    100% Recommended