What is included in bookkeeping services?

In SMEs, a full-service bookkeeper assumes the roles of both a standard bookkeeper and an accountant or controller. The following are several services included in bookkeeping:

• Cope with the accounts payable and receivable.
• Cash, bank accounts, and income reconciliation.
• Keeping a precise general ledger and making necessary changes.
• Establishing journal entries for each account, including fixed assets.
• Take care of the company's cash flow.
• Sending bills to clients and obtaining payment from them.
• Preparing monthly and quarterly financial statements as well as tax returns.
• Payroll, income, sales, and use tax payments.
• Processing timesheets for workers and controlling payroll.
• Directing accountants who work with payroll, billing, or payables personnel.
• Information gathering for auditing purposes.

See more: Bookkeeping service