What is bookkeeping?
Bookkeeping is the recording and organisation of a company’s financial transactions, something that every business, no matter how big or small, will have to manage. This includes everything from paying for tools, software, travel and any other payments made through the business. Keeping track of all these transactions is essential for tax purposes and for understanding what expenses are coming out of your business account. When bookkeeping, ensure that you do not make any of the 7 common bookkeeping mistakes.
What does a bookkeeper do?
A bookkeeper is a person in charge of organising and updating the business accounts, monitoring all the payments that are coming out of the company and ensuring that they are recorded correctly. If you’re looking for professional bookkeeping business services, get in touch with us today.
Bookkeeping services and accounting services
Bookkeeping and accounting work cohesively and both are integral to healthy business finances. While accounting looks at the bigger picture of a business’ finances, bookkeeping takes a more detailed look at accounting, focusing on the day-to-day finances.
Bookkeeping will often feed into the overall accounting process, so it needs to be handled by an experienced professional, to ensure everything is executed correctly. Here at Accounting Glasgow, we offer a wide range of bookkeeping services, including:
Recording monies received
Recording and paying invoices from suppliers
VAT records and submissions
Depending on how your business is structured, you may not need an accountant and our bookkeeping services will be suffient to be compliant with HMRC reporting regulations.