Basic Bookkeeping Package

The Basic Package is designed for small businesses, freelancers, or entrepreneurs who need essential bookkeeping support. It ensures accurate financial record-keeping, helping clients maintain clean books and prepare for tax season. Below is a breakdown of the services included:

1. Transaction Recording

• Categorizing and recording all income and expense transactions.

• Posting transactions into accounting software (e.g., QuickBooks, Xero, or Wave).

• Classifying expenses correctly to maximize tax deductions.

• Ensuring all transactions are organized and up to date.

2. Bank Reconciliation

• Matching bank statements with recorded transactions to ensure accuracy.

• Identifying and resolving discrepancies (e.g., missing deposits, duplicate expenses).

• Monitoring cash flow by verifying all payments and withdrawals.

• Providing a monthly reconciliation report for transparency.

3. Financial Reports

• Generating key financial statements, including:

  • Profit & Loss Statement (Income Statement): Shows business revenue and expenses.

  • Balance Sheet: Summarizes assets, liabilities, and equity.

  • Cash Flow Statement: Tracks money coming in and out of the business.

• Providing insights into financial performance to aid decision-making.

• Delivering reports on a monthly or quarterly basis, depending on client needs.

Add On Services:

• Invoicing: Creating and sending professional invoices to clients.

• Bill Payments: Managing and scheduling payments for vendor bills.