Bookkeeping and Accounting Services

Bookkeeping is “the activity or occupation of keeping records of the financial affairs of a business.”

Another definition says, “Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business.” Similarly, transactions are defined: “Transactions include purchases, sales, receipts, and payments by an individual person, organization or corporation.”

We have learned by experience that “recording”, as stated in the above definition of bookkeeping, is particularly crucial in the accounting process since it is the activity that provides the elements to create every single financial report that in the end will be used for reporting to owners and government institutions, forecast future sales and expenses, create bases for budgeting, represent the company in front of potential borrowers, vendors and agencies, and generate the ratios that can be so important for managers owners and executives everywhere to take actions that can define the future of countless individuals across the world.

When bookkeeping is handled poorly, the number of mistakes, and the kind of mistakes generated, can misrepresent the real results of the company. If mistakes are not corrected properly the performance of the entire company can affect one or multiple operations inside of it, and can be misleading for budgeting, for performance appraisals. In cases these situations can cause good, professional individuals might lose their jobs while others, not so professional, might perpetuate their misbehaviors.

Sometimes it is easier to think about bookkeeping than to do the bookkeeping, and definitively it is a lot better to outsource bookkeeping to a professional than to roll the dice and hope for the best. Especially when the future of your company is at stake.

We are here to help, if you let us.