Is accounting and bookkeeping relevant to all types of businesses?

Yes, absolutely. Whether it is small, medium or large companies it requires accounting on the process. Accounting plays a vital role in a business, it helps you track your income and expenses. Some of the main tasks of an accounting and bookkeeping in a business are the following;

1. Recording transactions and bookkeep the records - They record all the daily transactions such as; sales, receipts/expenses, purchases, assets acquired, loans and drawings of the owner. It should maintain systematic, accurate, organized and complete records because it serves the backbone of the accounting system and for the business owner's convenience to look and review the transactions whenever it is required.

1. Decision Making- assists in a range of decision-making processes and helps the owners in developing policies to increase the efficiency of business processes. It includes what price to be charged for certain products and services, the resources needed to make these products and services become business opportunities. A good accounting system helps provide information necessary to make decisions about the future of an organization.

1. Financial Statements - this is a statement generated at the end of accounting cycle (Balance Sheet, Profit and Loss Statement and Statement of Changes in Equity), wherein business owner’s can see the status of her/his business, if he/she acquires losses or profits. It also shows how much capital has been invested, how much the funds the business has used, and the number of assets and liabilities of a business.

So I can totally say that accountants, bookkeepers and an experienced accounting expert are really helpful in a business world. They act as a financial advisor and help you with the budgeting and monitoring cash flow on a steady basis. During tax season, it can be challenging to know what you can deduct. An accounting system that tracks your organization's finances throughout the year makes the process easier.

As one of the experienced accounting and bookkeeping experts I am gladly and very much open to offer my services in a week for free, in order for a client’s or business owner’s to see what I can do and assist my skills if it meets their standard. I can help them to organize and update their records up to date. My expertise includes maintaining of the following:

1. Accounts Payable

2. Accounts Receivable

3. Bank reconciliation

4. Undertake Payroll

Having a virtual assistant bookkeeper in a company saves much cost and time on the part of a client. If you are looking for one? I can be your perfect future partner to your success.