Types of Bookkeeping

Types of Bookkeeping

Bookkeeping provides businesses a reliable measure of their performance.  It gives important information to benchmark the company’s financial status.  The bookkeeper’s monthly or annual financial reports serve as one of the basis for the company’s general strategic decisions. There are different types of bookkeeping systems that a company can adopt in recording business transactions. Knowledge…

In-house Bookkeeping vs. Outsourced Bookkeeping

In-house Bookkeeping vs. Outsourced Bookkeeping

Overseeing daily financial transactions and keeping records accurate are important aspects in the financial management of any business.  A bookkeeper is a professional who manages these financial affairs. Medium to large businesses hire full-time bookkeepers to do their monthly financial statements. Microenterprises and small businesses, however, may not find the need for a full-time bookkeeper…