There are many reasons why business owners should maintain accurate books and records in the course of operations. Not only will this provide a business owner with key information on the financial health and overall performance of the business for future planning, it is a compliance requirement from a Statutory and Revenue perspective.
Our team, at OOC Associates provide the following services that are key records to maintain for every business:
Bookkeeping involves the recording of financial transactions in the period they occur. It involves tracking income, expenses, assets, liabilities and equity. It is a crucial function of any business’s accounting department and is the foundation of analysing data and performance. Talk to us at OOC Associates for a reliable, timely bookkeeping service