What to Expect from Bookkeeping Services
Proper bookkeeping is critical for every type of business. This information can help shed light on how a business is doing, and where improvements need to be made. While many small business owners take on this task on their own, there are times when hiring bookkeeping services may be more practical. Before rushing out and hiring just any bookkeeping services firm, it is important to have an understanding of what you should expect from these professionals. Below are some of the most common duties. Read more
Reconciling your Bank Accounts with Your Books
Typically a business should have a Cash account in their general ledger that tracks all of the transactions within a business. These transactions include income from customers, payments made for business expenses, and the like. Similarly, when a business opens a business checking account with a bank, the bank will record all of these transactions on a bank statement. At the end of each month, the bank will close out this list of transactions and mail a statement to the business. This will show every detail for all of the activity for that account, as well as a total balance. Read more
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About
Welcome to FINOS, the BooksonSite Business Blog. Here we provide bookkeeping advice for small business owners.
Are you an SME with a turnover of between $500k-$15 million and are finding bookkeeping a bit too challenging?
We provide onsite bookkeeping services in Sydney, Melbourne and Brisbane backed by MYOB Certified CPA support. Click below to learn more, or call us on 1300 226 657.
