Bookkeeping services

Today i will be discussing about Bookkeeping services!!! In general term it is also called as maintaining books of account. Any organization prefers to maintain their own books of account for tracking their income,expenses, and to review their financial performance from time to time.

Bookkeeping involves dealing in financial statement lots of paperwork!!!! and lots of repetative work involved.

In general Bookkeeping includes the following activity:-

• Account Reconciliation


• General Ledger Maintenance


• Inventory Reconciliation


• Payroll Processing


• Cash Flow Management


• Payroll Administration


• Financial Planning


• Budgeting


• Credit Card & Bank Reconciliation

Accounting softwares in use..........

QuickBooks (American Accounting package)


Peachtree (American Accounting package)


Sage Line 50 (UK Accounting package)


Quicken (Wideley used in Canada)


MYOB (Wideley used in Australia)


Tally (Widely used in India)

I will be discussing more details about each services in my coming postings keep wacthing my blog!!! and i will be discussing about technology which will assist in outsourcing all listed services.