Purpose of Book Keeping


Book keeping is the recording, on a day-to-day basis, of the financial transactions and information pertaining to a business.
Purpose of Book Keeping:
·         Book keeping ensures that records of the individual financial transactions are correct, up-to-date and comprehensive. Accuracy is therefore vital to the process.
·         Book keeping provides the information from which accounts are prepared. It is a distinct process that occurs within the broader scope of accounting.
·         Bookkeeping is responsible for the recording of financial transactions.
·         Bookkeeping can become your best system for managing your financial assets and testing your business strategies.
·         Bookkeeping is usually performed by a bookkeeper. A bookkeeper is a person who records the day-to-day financial transactions of a business. 

If you are looking for Outsourced Book keeping. Then visit our website cygnusaccountants.com.au or write an email us sales@cygnusaccountants.com.au


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