subject: Pbks 4u Provide Services In Bookkeeping Accounting [print this page] We have always tried to help you in each and every sector. In business sector we provide you better services in bookkeeping and accounting. Bookkeeping is the recording of financial transactions. Transactions include sales, purchases, income, and payments by an individual or organization. Bookkeeping is usually performed by a bookkeeper. The accountant creates reports from the recorded financial transactions recorded by the bookkeeper.
There are some common methods of bookkeeping such as:---
Single-entry bookkeeping system
Double-entry bookkeeping system
But while these systems may be seen as "real" bookkeeping, any process that involves the recording of financial transactions is a bookkeeping process. Accounting involves the collection, recording, classification and presentation of financial data for the benefit of management and outside agencies as shareholders, creditors, bankers and government. Accounting is the science of recording and classified business transaction and events. And the art of making significant summaries, analysis and interpretation of these transaction and events.
The Accounting classified into three categories:--
Financial Accounting
Cost Accounting
Management Accounting
The object of financial accounting is to find out the profitability and to provide information about the finance position of the concern. Two principal statements of financial accounting are Income and Expenditure statement and balance sheet.
Cost accounting is the steering wheel which keeps the organization on steady path of prosperity it is the useful tool of control and has practical utility not to the management but also to employee, creditors, bankers, government and the society.
Management accounting is comprised of two words Management and Accounting it is the study of management aspect of accounting it is helpful to the management in formation of policy, control of execution and appreciation of effectiveness. It is that system of accounting which helps management in carrying out its functions more efficiently.
We take your burden of business all the bookkeeping and accounting handle by us. We manage the whole show by rendering services. This part is handle by us not only this we also give you advice as well as information about the other business and update the market news for you.
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