The importance of Maintaining Accurate Books and Records

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:

  • Sales Invoicing
  • Purchases Invoicing
  • Debtors Records
  • Creditors Records
  • Payroll
  • Stock Records
  • Bank Reconciliation
  • VAT Returns Review

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