Bookkeeping

Helping maintain accuracy in financial transactions

Maintaining your company’s books of accounts is very essential to have deep insights into your financial transactions and financial health. Hence, it is very important to have a well-maintained bookkeeping process in place. Proper and accurate maintenance of bookkeeping is key to tracking operations and helps you with sound financial decisions and investments.

At Sri Recon, our experts help you with the efficient and accurate bookkeeping services that will help you focus on your core tasks while creating financial back-office efficiencies.

Our Bookkeeping Process

The first step in our bookkeeping process is having a record of all financial transactions which is followed by classifying all of these transactions. These transactions are reconciled and the process ends with preparation of financial statements.

Bookkeeping Flow

1. Record Transactions

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2. Classify Transactions

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3. Reconcile Transactions

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4. Prepare Financial Statements

Bookkeeping Best Practices

Bookkeeping is all about maintaining records of all financial transactions so you have clarity on the financial health of your company. The following best practices lead to a healthy bookkeeping process.

Clear distinction between personal and business – income and expenses

Establish internal finance controls

Maintain accurate accounts receivables and payables

Reconcile your bank accounts

Review your financial reports

Review tax and payroll notice to find relevant tax breaks