Add Up & Add on Bookkeeping
11/09/2021
Bookkeeping today is far more than entering data and reconciling the bank.
Bookkeeping is thinking about the needs of the client, thinking about the processes to get a result.
The Bookkeeping Cycle is a series of processes setting out what is required for a typical small business to record its financial transactions. This cycle starts with a business event such as a sale then Bookkeepers record and analyse the transactions through a series of steps known as The Bookkeeping Cycle. This process then repeats itself each financial year.
However, good, and thorough bookkeeping requires some extra steps and knowledge to understand the business processes and then to prove the results that are reported.
Going above and beyond the standard process to assess more about each stage and ask questions about how procedures can be done more efficiently and effectively is now a standard part of the bookkeeping practice.
The Bookkeeping profession has evolved from a singular focus on data entry to playing a strategic role in helping advance core business goals and react to immense business challenges.
09/07/2021
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