Bookkeeping services are the services that involve recording, organizing, and reporting the financial transactions of a business. Bookkeeping is an essential part of accounting, as it provides the data and information that accountants use to prepare financial statements, tax returns, and other reports. Bookkeeping services can help businesses keep track of their income, expenses, assets, liabilities, and equity, as well as ensure compliance with tax laws and regulations.
Some of the common bookkeeping services that we can offer are:
- Transaction recording: This involves entering and categorizing all the business transactions into the appropriate accounts, such as sales, purchases, payments, receipts, etc.
- Accounts payable: This involves managing the bills and invoices that the business owes to its suppliers, vendors, contractors, and other creditors.
- Accounts receivable: This involves managing the invoices and payments that the business receives from its customers, clients, and other debtors.
- Payroll processing: This involves calculating and distributing the wages and salaries of the employees, as well as withholding and remitting the taxes and benefits.
- Expenses and petty cash management: This involves tracking and reporting the business expenses, such as travel, entertainment, utilities, rent, etc., as well as managing the petty cash fund for small or incidental purchases.
- Bank account reconciliation: This involves comparing and verifying the balance of the bank account with the balance of the bookkeeping records, and identifying and resolving any discrepancies or errors.
- Bank deposits: This involves preparing and depositing the cash and checks that the business receives into the bank account.
- Financial statement management: This involves preparing and presenting the financial statements of the business, such as the cash flow statement, balance sheet, income statement, etc., which show the financial performance and position of the business.
Let us do our good services
Bookkeeping services is an important part of your business but it doesn’t have to keep you up at night or headache. SCS Global is a professional bookkeeping company that offers high-quality services for small and medium-sized enterprises across Vietnam.
Through our monthly bookkeeping services, you can focus on other aspects of your business and leave the documentation of financial and accounting reports to us. With our services, you can be sure that your business’ financial records are well kept and organized.
Contact us today so we can discuss how best to maintain your financial files.