Bookkeeping is a systematic record of financial transactions of a business in an accounting system and the creation of reports. What it means is, whether you make a sale or purchase something, a record will be maintained of all your transactions. This record will allow you to easily keep a track of all your transactions and will help you to analyze accurate operational/ financial information and how you can cut costs and reduce taxes. However, many small businesses do not have fully staffed and efficient accounting departments and don’t require the help of external bookkeeping services. Lojiqbooks can help your business maintain its books through its network of professional and skilled experts.

Why is Bookkeeping Services required?

Bookkeeping services are necessary for all businesses to ensure the accurate flow of operational and financial information. Such information is required by Management, Regulators, and Investors to analyze company growth or development. Also, it is a legal requirement for any business to maintain an appropriate book of accounts to confirm that all relevant taxes are paid on time.

Some points that will justify the importance of Bookkeeping:

  • It is a legal requirement for all sorts of businesses except for Sole Proprietorship.
  • It helps you to review your performance constantly and take steps to improve.
  • Tells you when you need funding from investors.
  • Who needs Bookkeeping services?

    The major reason why you need bookkeeping services is either because you lack the time or knowledge to do it yourself. Basically, bookkeeping services keep tabs on what comes in and what goes out for you to properly assess the level of business activity. To exactly say the process, first, the bookkeeper aligns assets, liabilities, equity, revenue, and the expenses that your business incurs then ensures to keep a balance sheet to justify all your expenses.

    Here we have listed few points which help you to understand why you need Bookkeeping services:

  • You don’t have enough time to maintain everything
  • You have an unpredictable cash flow
  • Difficulty to handle your business finances
  • You are updating your Books on before tax season
  • What do we do?

    Lojiqbooks accounting firm is focused on reducing the finance and accounting costs of our clients by helping them with their management, accounting, and tax preparation needs. Our trained and experienced bookkeepers offer personalized and professional online bookkeeping services that cover the entire scope of bookkeeping and customers have the flexibility to choose what they require.

    We’re confident in our bespoke abilities to keep your information organized and offering an all-round and committed service that keeps clients coming back. Accounting Bookkeeping services we offer:

  • Accounts receivable and payable services
  • Assets/ equipment ledger maintenance along with balance sheet services
  • Streamlined services to maintain accuracy with cost-effective measures
  • Preparing accounts payable reports with annual accounts and tax returns
  • Day-to-day bookkeeping and accounting with an accurate cash flow statement
  • Monthly analysis of your books If you are interested to learn more about our services, reach us through our booking form.