325 Companies Offering Bookkeeping Services

Bookkeeping

If the term ‘bookkeeper’ brings up images of Uria Heep type characters scratching away in their ledgers, then think again! A bookkeeper is a respected member of the accountancy team and is involved in the invaluable job of maintaining your day to day financial records.

To run a business successfully you need to have a clear idea of the financial transactions that take place on a daily basis. This is the role of the bookkeeper, who can then advise you on how your business is operating at any given point in time.

Daily Tasks

Your bookkeeper updates your daybooks, which consist of your purchases, sales, receipts and payments. All transactions need to be recorded in the appropriate book, such as suppliers’ ledger, customer ledger and general ledger.

The bookkeeper brings all the records to the trial balance stage, the purpose of which is to prove the value of all debit values balances equals all the credit value balances. Any errors in the ledgers would then show up as an inequality between credit and debit. This then gives the bookkeeper an opportunity to find the error before the profit and loss statement and balance sheet are prepared, hence it is called the trial balance sheet.

The Difference between Bookkeeping and Accountancy

Bookkeeping relates to accountancy but is distinct, in that it is seen as the preliminary stage to accounting. Accounting is a much broader term, covering many different aspects, whereas bookkeeping is concerned with maintaining, organising and storing the financial information on a day to day basis.

A bookkeeper may also be responsible for preparing financial statements, tax returns and internal reports, depending on their level of knowledge and experience.

An accountant, on the other hand, designs the bookkeeping system, ensures it is working well, analyses and verifies all the information. They will suggest methods to improve the financial security of the business, based on the records they receive from the bookkeeper.

The accountant prepares reports and measures profitability, which is reliant on accurate information be passed on from the bookkeeper.

A small business may decide to act as bookkeeper themselves, and pass on the information to their accountant to create the necessary reports and analyse. However, it is a skilled and intricate process, and many businesses prefer to employ a qualified and experienced bookkeeper. It is quite common for one bookkeeper to work with several businesses; however large companies usually employ a bookkeeper in house due to the complexity and enormity of the task.

If you are looking for a bookkeeper, regardless of the size of your company, look for someone with a proven track record. After all, one decimal point in the wrong place could see a Tiny Tim type Christmas for all….



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Level 5, 189 Kent St, Sydney, NSW

BFS stands for ‘Business & Financial Services’ and that is our specialty with outstanding service record and strong focus on regular taxation rule…

80948990

9,444.09 km away

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P O Box 2016, HORNSBY, NSW Sydney North Western Suburbs, NSW

0294760399

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GPO Box 1050, BRISBANE, QLD Brisbane Metro, QLD

0738327544

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L 1 293 Queen St, BRISBANE, QLD Brisbane Metro, QLD

0732118560

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Building A 238 Lytton Rd, MORNINGSIDE, QLD Brisbane Metro, QLD

0733955444

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PO Box 2519, GREEN HILLS, NSW Newcastle & Hunter Valley, NSW

0249336888

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L 3 20 George St, HORNSBY, NSW Sydney North Western Suburbs, NSW

61294764322

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GPO Box 609, HOBART, TAS Hobart & Suburbs, TAS

0362254776

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5/82-90 Allison Cres, MENAI, NSW Sydney Southern Suburbs, NSW

0295435217

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PO Box 11, KENT TOWN DC, SA Adelaide Suburbs, SA

0883620466