Historians have identified bookkeeping records from as early as 2000 B.C. The Egyptians used these records to keep accurate accounts of the trades that were agreed upon. The bookkeeping services provided today are not so different. We are still using bookkeeping to keep track of the financial transactions we make in our personal and business accounts.
Bookkeeping services are recorded in single entry or double entry methods. Often the type of entry used is determined by whether the bookkeeping is for a business account or for a personal account. These records consist of purchases, sales, receipts, and payments. Reports are then generated from the financial transactions that are recorded. The accountant working on your records will usually work on accounts payable, accounts receivable, payroll, bank reconciliations, billing, general ledger entries, monthly and quarterly taxes, and monthly trial balances. They are responsible for keeping records of your assets, liabilities, and equity so that you can have a snapshot of your business’ financial wellness without having to wade through and compile all of the data yourself.
Consider our Sacramento Bookkeeping Services for your business.
Having a bookkeeper will reduce the amount of time you have to spend doing paperwork in your office and allow you more time to be personally involved in your business and/or home life. We understand that your finances are important but so is your time. That is why we strive to be quick and precise. We do the tedious data entry while remaining mindful of your accounts and always scanning for expenditures that can help to maximize you tax write-offs later. An example of this would be reviewing your travel expenditures and making sure you have your gas, car, mileage, hotel, and food receipts logged.
Our Bookkeeping services in the greater Sacramento area will help you keep your accounts accurate and up-to-date while ensuring you have a resource for complete financial services for your business.
Islip + Company – Call us (916-488-1900) or Contact Us today!