Bookkeeping Services

Before choosing to go for a particular bookkeeping service provider, it is important to assess your business needs. There are multiple factors to consider while evaluating your business needs, including the size, the type of business and the complexity of your accounting system.

Choosing a bookkeeping services provider:

Once you have made all your assessments, it is time to choose the right bookkeeping service provider for your financial requirements. Consider the experience of the bookkeeping service provider, the level of support provided, the security aspects and the costs involved.

Implementation and integration:

In this phase, you will set up the accounting software and integrate it with the existing systems. It is also important for you to make sure that your bookkeeper has access to all your financial information so that he can make accurate assessments.

Ongoing management and communication:

Ongoing management and communication are critical for ensuring that the bookkeeping service provider continues to provide you with accounting outsourcing services. Regular communication between the bookkeeper and the business owner is important to ensure that all the financial records are up-to-date. This will also ensure that all the issues and concerns are addressed.

BC Shetty & Co can help businesses streamline their account payable and receivable. This includes maintaining records of payment invoices and outstanding balances. It also involves ensuring timely collections and payments.

Bank and credit card reconciliations:

We offer bank and credit card reconciliation services. Regular reconciliations of bank and credit card transactions will help businesses to ensure that all the transactions are accounted for and properly recorded.

General ledger maintenance:

We help companies maintain an up-to-date general ledger. This ensures a detailed record of all the business's financial transactions.

Financial statement preparation:

The experts can help you prepare accurate financial statements and provide the business owner with a view of the financial state of the organization.

Budgeting and forecasting:

BC Shetty & Co can also allow businesses to create budgets and forecasts to take all financial decisions properly. The services include identifying financial trends, developing realistic financial projections, etc.