Bookkeeping services up to Trial Balance
Bookkeeping involves the recording of a company’s financial transactions on a regular basis. With proper bookkeeping, companies are able to track all information on its books to make key operating, investing, and financing decisions.
Bookkeepers are professionals who oversee all of the financial records for businesses Furthermore, bookkeepers ensure that businesses are cognisant of their financial position as well as the financial transactions that take place within their business.
A trial balance, for example, is a vital report that reflects that the general ledger account balances at a specific period of time. Its primary function is to assist with the planning and preparation of financial statements. The balances of the ledger accounts are separated into debit and credit balances. The total debit balance must match the credit balance; if not, an error has occurred in the ledger accounts.
Accurate bookkeeping is critical for investors, financial institutions and the government. It ensures that they have correct information on which to base lending and investment decisions. Our economy is reliant on precise bookkeeping.