Accounting & Bookkeeping Services
For accounting or bookkeeping services that deliver every time, call Rae and Associates to get the job done right. We have a team of dedicated consultants who are all highly-qualified bookkeepers that have in-depth experience with Pastel accounting and Quickbooks accounting software. We are professional and always efficient. According to the needs of the client, our flexible services can be employed at a moment’s notice. Rae and Associates will liaise with the client’s auditors; this is to doubly ensure that come year-end, the auditing process can be as swift as possible. We have a flexible service, with some of our clients only needing our accounting services on a weekly basis, and some only requiring monthly service. VAT returns, as well as the full accounting function are all processed up to the end of the financial year.
What is bookkeeping? Bookkeeping is an accounting service, a process of recording, and classifying financial transactions within a business - the activities of the business so to speak. Plainly put, bookkeeping would maintain all records of any financial arrangements of the individual or a business. Your accounting information needs to be stored in a highly usable form, one that can provide your information to any business, such as ours, for stocktaking purposes. Your accountant would normally setup all bookkeeping systems; they would then record all of the daily business, turning it over to the manger or owner of the business at a certain point for scrutiny.
In bookkeeping, there are a few systems that can be employed in order
to keep your business transactions on the straight and narrow. Two of
the more popular ones include the single entry system and the double entry
system. The single entry system is a more informal style of bookkeeping,
whereby the user of the system would only make a single entry in order
to record financial transactions. For an example of this, a chequebook
would be an excellent case in point. For any standard business, a double
entry system would work out best, as it clearly displays the two-fold
effect of debiting and crediting. For an effective bookkeeping service,
trust Rae and Associates every time.
