Bookkeeping Services

Bookkeeping, commonly referred to as keeping the books, is the process of keeping full, accurate, up-to-date business records. Proper bookkeeping can help businesses effectively manage cash flow, stay abreast of profits and losses, and develop plans for the future based on financial trends. Furthermore, accurate bookkeeping is required by both federal and local tax agencies.

Bookkeeping involves making a record of the monies received by a business as well as the monies paid out. It encompasses money a company owes to vendors, employees, tax agencies, contractors and any other individual or entity. Likewise, accurate records of amounts owed to a company by outside individuals and organizations are also recorded in a company's books.

Bookkeeping systems:

Two common bookkeeping systems used by businesses and other organizations are the single-entry bookkeeping system and the double-entry bookkeeping system. Single-entry bookkeeping uses only income and expense accounts, recorded primarily in a revenue and expense journal. Single-entry bookkeeping is adequate for many small businesses. Double-entry bookkeeping requires posting (recording) each transaction twice, using debits and credits.

Avicennas professional bookkeeping services cover the entire scope of bookkeeping and customers have the flexibility to choose what they require.
Our Outsourced Bookkeeping Services are focused at helping our customers with the management, accounting and tax preparation needs, thereby reducing their finance and accounts operating costs. We take responsibility for all aspects of your bookkeeping and accounting, we can manage your payroll processing and we can provide total backup support.
* Bank Reconciliation
* Financial statement report
* Payroll processing