This page is all about bookkeeping, so, let’s start with the basics.
Bookkeeping is an essential part of the accounting process for any business. Proper planning and organization are essential in order to have a clear overview of the health of any business.
The process of bookkeeping is the categorizing and then recording of all your financial transactions into organized accounts on a consistent and ongoing basis.
The Write Up process can be done with or without any review or audit of the underlying information.
From the data collected and processed through the company’s bookkeeping, financial statements are then produced so that the owner(s) has the ability to see a complete financial overview at a glance. These statements also allow recognition of any monetary issues that may need to be addressed.