What is Bookkeeping?
Bookkeeping is part of the accounting process that documents financial transactions to evaluate the company’s overall financial status While they seem similar at first glance, bookkeeping and accounting are two very different mediums. Bookkeeping serves as more of a preliminary function through the straightforward recording and organizing of financial information. Accounting takes that information and expands on it through analyzing and interpreting the data.
Bookkeeping includes several components and steps, including:
Benefits of Bookkeeping Outsourced?
What Tools we use for Bookkeeping?
For Bookkeeping/Accounting
Quickbooks Online, Quickbooks Desktop, Xero
For Receipts Management
QBO Receipts, Dext, Hubdoc, Dropbox, G-Drive
For Sales Tracking
Shopify, Square, UberEats, Doordash
For Customer/Supplier Payments
Paypal, Wise, Plooto
For Payroll
Gusto, ADP, Wagepoint
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