Bookkeeping involves the recording of financial transactions, and it is part of the process of accounting in business. Business transactions may include purchases, sales, receipts and payments made by an individual, organization, or corporation. Bookkeeping methods may consist of single entry bookkeeping system, double entry bookkeeping method, though any process which involves the recording of financial transactions is a bookkeeping process.
The Bookkeeping process is carried out by a bookkeeper who is a person who is in charge of recording the daily financial transactions of a business. Bookkeeping also involves the preparation of source documents for all sales, operations, and other activities that take place in the day to day running of a business. The Bookkeeper is the one to bring the books to the trial balance stage while an accountant may prepare the income statement and balance sheet using the trial balance and ledgers which have been made by the bookkeeper.
Bookkeeping is thus a vital part of any business’ daily activities. A lot of time is usually spent on accounting and thus having a very good and reliable bookkeeper can do a lot of good to a business and can mean the difference between a healthy, thriving industry, and one verging on chaos and disrepute.
Street Tax offers the best bookkeeping accountants in Grand Prairie and is the best bet for your organization’s bookkeeping needs. By staying up to date with all regulatory and legislative developments, we ensure that you don’t waste unnecessary time or expend energy on trying to understand the complexities involved in accounting. We are thus an excellent choice as your bookkeeping accountants in Grand Prairie.
We offer services in Financial Taxes such as:
1. Bank and Credit Card Account Reconciliations
2. Full-cycle Accounts Payable and Receivable
3. Verifying and Recording Client/Customer Invoices
4. Recording Receipts from Customers
5. Source deduction calculation and Remittance
6. GST calculation and Remittance
7. T4 Preparation and Filing
We also perform monthly financial reporting such as:
1. Balance Sheet
2. Income Statements
3. Accounts Payable List
4. Customized Reports
5. Year-End Preparation of bookkeeping records for the accountant.
Street Tax’s Bookkeeping accountants in Grand Prairie have a tremendous and sound knowledge of accounting, such as balance sheets and income statements. As great bookkeepers, we also know the importance of debits and credits and even understand the delicate balance between the two. Trust us to help you with the most up to date computer software, Sage, and Quick books. Thousands of businesses across Canada use these software's, and we make sure to keep up with the trend and advanced technology usage.
Contact Street Tax’s Bookkeeping accountants in Grand Prairie today and make that switch to bookkeeping accountants that will dedicate their time to you and hence save you valuable hours every week. Contact us today and allow us to what we do best and thus set you free to do what you do best, and enhance the growth of your business. We are the best bookkeeping accountants in Grand Prairie, and we are only one call away. Make that switch today; you will be glad you did.Bookkeeping Accountants Grande Prairie
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