Bookkeeping is the regular recording and analysis of financial data of an institution in a precise way. It is a record-keeping function done to assist in the process of accounting. It is the main part of creating the financial records of the company at the end of the financial year.
Bookkeeping is an important process to every business; it is central to its financial data management. In its simplicity, bookkeeping is the collecting, recording and classification of income, expenses, assets and liabilities. With good practice bookkeeping information is useful because it is accurate and current up-to-date information to assist with business decisions.
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The important elements of bookkeeping includes:
Our bookkeepers are fully trained tax professionals that have the support of qualified senior accountants in Australia.
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