Bookkeeping is the process of systematically recording, organizing and tracking financial transactions for a business or organization. It helps maintain accurate and up-to-date financial records.
Bookkeeping is crucial for businesses because it provides accurate financial information necessary for making informed decisions, preparing financial statements, ensuring tax compliance, and monitoring the financial health of the company.
Basic bookkeeping tasks include recording transactions, categorizing them into relevant accounts, reconciling bank statements, managing accounts payable and receivable, and preparing financial reports.
Look for a bookkeeper with relevant education, experience, and knowledge of accounting principles and software. Professional certifications, such as Certified Public Bookkeeper (CPB) or Certified Bookkeeper (CB), can be beneficial.
The cost of bookkeeping services can vary based on factors such as the size and complexity of your business, the frequency of services, and your location. Some bookkeepers charge hourly rates, while others offer fixed monthly fees.
Yes, bookkeepers often assist with tax preparation by ensuring financial records are accurate and complete. However, tax professionals or accountants typically handle the actual preparation and filing of tax returns.
You can find a reliable bookkeeping service or bookkeeper by asking for referrals, checking online reviews, interviewing potential candidates, and verifying their qualifications and experience.
Our team of professionals is available to answer any questions you have about the NDIS or bookkeeping services. Please do not hesitate to contact us if you need advice or assistance.