Outsourced Bookkeeping
Recording Financial Transactions
Record everything related to money, such as sales, purchases, expenses, and money received.
Bank Reconciliation
Make sure that every transaction in the bank statement matches what’s in the company’s records. If there are any differences, it’s a sign that something might be wrong or that there could be a potential problem like errors or even fraud.
Financial Reporting
Create regular financial reports, like income statements (showing profits and losses), balance sheets (listing assets and liabilities), and cash flow statements (tracking money coming in and going out).
