Bookkeeping is the process of keeping track of each financial transaction made by a business organization. Depending on the type of accounting system being used, financial transactions are recorded with supporting documentation, such as receipts and invoices. These records are what make up bookkeeping.
Accuracy is key in bookkeeping because it ensures that the records of each financial transaction are correct. We at Accounting Equation ensures the accuracy and check that no discrepancy sits in the books of accounts. Our stringent quality control help ensure accurate records for each transaction.
With Accounting Equation, you can easily keep track of your business’ financial activity. The flow of information ensures accurate records for current amounts, past amounts owed by customers, etc.
With a traditional accounting system, it can be difficult to record income, expenses, and reconcile through a bank. Accounting Equation makes it easy as you can input step-by-step directions for your transactions.