A record of all financial transactions that provides a clear history for each account, essential for transparency and accountability
A listing of all accounts used in an organization’s general ledger, organized by categories like assets, liabilities, and equity.
Evaluating financial data to assess a company’s performance and make informed business decisions based on trends and insights.
The process of creating and sending bills to clients for goods or services provided, critical for accounts receivable management.
The systematic recording of all expenses incurred by a business, essential for budgeting and financial analysis.
Monitoring and analyzing the inflow and outflow of cash to ensure a business can meet its financial obligations.
The creation of a financial plan that outlines expected income and expenses over a specific period, aiding in financial control.
The process of organizing financial documents and preparing tax returns to ensure compliance with tax regulations and deadlines.
The administration of employee salaries, wages, bonuses, and deductions, ensuring compliance with tax laws and regulations.
Reports that summarize a business’s financial status, including the balance sheet, income statement, and cash flow statement.
The process of matching and comparing transactions in different accounts to ensure accuracy and identify discrepancies.
A complete record of all financial transactions over the life of a company, used to create financial statements and reports.
The outstanding invoices a business has or the money owed to it by clients, managed to ensure timely payments.
The money owed by a business to its suppliers or creditors for goods and services received, tracked by a Bookkeeping VA.
The systematic recording of financial transactions to maintain accurate financial records for individuals and businesses.
