profit and loss – a statement that keeps a track of earnings and expenses and reflects whether your business is profitable or not.
reconciling financial statements with bank statements.maintaining accounts receivable and accounts payable.These reports showcase the financial position as well as the performance of your business.īesides maintaining financial records, bookkeeping services also include: The bookkeepers are required to summarize the activity of your business regularly into financial reports. Bookkeeping service is the practice of recording and keeping track of financial transactions of your business.