top of page
Marble Wall
Calculator

SERVICII DIGITALE DE CONTABILITATE

Indiferent ce tip de situație financiară aveți, contabilitatea este elementele fundamentale ale controlului financiar. Servim clienți în orice parte a lumii, având atât nevoi individuale, cât și nevoi de afaceri.

Recycled Paper

What is Bookkeeping?

Bookkeeping is the process of a business recording all of their financial transactions in a set format. Back in the old days, this used to be done using something called a ledger book, but nowadays it is more typically done using spreadsheets or software.
 

Bookkeeping is not as simple as just listing out all of the income and expenses in your business throughout the year.
 

The skill in bookkeeping as a small business is to know what expense or income category each transaction belongs to, how to account for the other side of the transaction (something called double entry bookkeeping), and correctly accounting for things like VAT and payroll liabilities.
 

If that isn’t something that you have experience or expertise in, then you should get an expert to do it for you to avoid costly mistakes.

Reconciling your Bank Account

Bookkeeping should also include the process of reconciling your business bank account. This is especially important for Ltd Companies who have a legal obligation to have a business bank account in the company’s name.
 

A bank reconciliation matches up each entry you have made in the bookkeeping ledger, against their relevant entry as they come into or go out of the bank account.
 

Items that have not yet been through the bank account are classified as Debtors and Creditors.
 

Our expert Accountants reconcile bank accounts every day so know exactly what to look for and how to deal with it. But for a small business this task can be time consuming and overwhelming.

CONTACTATI-NE

Ne-am bucura sa primim vesti de la tine

+44(0) 74 05223593

Bellerive House
3 Muirfield Crescent
Canary Wharf

LONDON

E14 9SZ
United Kingdom

© 2023 SAVE TAX , All Rights Reserved. 

Vă mulțumim pentru trimitere!

Company number 14522499

Terms

Privacy

bottom of page