BOOKKEEPING

A calculator and pen on a graph Description automatically generated with medium confidence.

Bookkeeping is the practice of carefully recording all financial transactions of a business. It is the foundation of accounting, the necessary groundwork. “ Book ” refers to accounts and bookkeeping. It is essentially maintained to provide accurate record. The official name of this record is called a “ledger”. “ Bookkeepers ” are responsible for all or some of the organization’s accounts known as the General Ledger. They record all transactions and post debits and credits..

Know You will know how much money you received. You will know how much money you spent. You will know how you spent it..

Record-keeping (Cash Basis and/or Accrual Basis).

BOOKKEEPING FREQUENCY. DELIVERY METHODS. BOOKKEEPING SOFTWARE.

Monthly. Annually (Fiscal or Calendar Year). BOOKKEEPING FREQUENCY.

PRINT OUT COPY. ELECTRONIC COPY. OTHER OPTION. Printed and Bonded.

XERO (cloud-based). Quickbooks Online (online cloud-based).

FAITHFULLY AND FAIRLY PRESENTED 01. UNDERSTANDABLE 02.

To provide information about the financial position, financial performance and cash flows of an entity that is useful to a wide range of users in making economic decisions;.

HOW LEATHERMAN INC DO ITS BOOKKEEPING. Books.

01 Analyze and record transactions. 02 Post transactions to the ledger.

SS-4 (EIN APPLICATION). Shares & Paid in Capital (Corporation) or Invested capital of partners (Partnership).

Previous Tax Return filed (Tax Type Entity). Type of Organization/Industry and Ownership.

A calculator and pen on a graph Description automatically generated with medium confidence.