Bookkeeping

Bookkeeping is the foundational unit of the any financial reporting system. Financial world defines bookkeeping as the activity of recording financial business transaction pertaining to the business within and with the outside environment. Basic concept of bookkeeping is based on general accounting principles of debit and credit. Authentic bookkeeping ensures effective financial reporting.

Bookkeeping Services:

Normally Companies opt to keep the financial accounting department in house. Yet now this trend is changing rapidly. Businesses are outsourcing the bookkeeping departments to the professional bookkeepers to ensure authenticity, speed and accuracy. WeAccountax has introduced modern technology to provide distant bookkeeping services.

Bookkeeping Services for Businesses:

Let it be a startup or an established business, bookkeeping is an essential part of a business. WeAccountax understands this business need aspect and offer flexible bookkeeping services to the businesses as per their need.

WeAccountax Bookkeeping services take into account all bookkeeping transaction on day to day basis. With direct link with the banks. Automatically accounting for most of the entries. WeAccountax ensures all the financial transactions recorded on the given moment and match concept of financial accounting is upheld.

Primary aim of many businesses is profit maximization, WeAccountax accurate bookkeeping can provide a fair platform to judge the financial performance of the business. If Bookkeeping is flawed, the financial performance presented by the financial statement is always deteriorated and distorted. When correct information is being provided to the strategic management, there are in a better position to evaluate their strategic choices eventually improving their strategic decision making.

Bookkeeping Services for Not For Profits:

Not for profit organizations are not aiming for profit maximization but they do have other objectives to meet. Financial experts consider bookkeeping for not for profit organization as extremely important because not for profit organization have to provide the financial statements to the public because of their accountability regarding the donation organizations receive.

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Authenticity in this scenario is very important and WeAccountax can provide that accuracy every time. This will not only improve the marketability of the Not for profit organization in the market but also help escape the regulatory inquiries and audits. Eventually by creating a positive market image and eliminating the administrative burden can significantly add value in to the organization.

Bookkeeping Services for Startups:

Startups are very risky yet businesses contain huge potential to grow and become an establish business one day. Financial reporting on part of startups is extremely important. Early identification of the problem and proposal of the situation can save any business at early stages. Financial reporting can only be perfected by perfecting the bookkeeping for the business. WeAccountax accurate online bookkeeping services can keep track of the financial transaction in most affordable prices. This helps the business to avoid any additional burden on the new revenues of the business.

Usually developing a in house department for accounting and bookkeeping can be expensive for the new businesses. Startup tends to find more cost effective and efficient way of getting bookkeeping services.

Bookkeeping for Individuals:

Bookkeeping for sole trader i.e. individual business are one of the top choice of the clients. Individual find it difficult to manage when their personal cash flows are getting constantly mix with the business income expenses cash flows. WeAccountax offer cheap bookkeeping services on personal level while maintaining the quality of service.

This accurate bookkeeping can help the individual to be on point while filing their tax returns and further dealing with inquiring about their income and expense over a certain period of time.

Bookkeeping for International Businesses:

In the global world of business where, business transactions are no longer limited by the borders of the country. Inter-country and international business is becoming a norm. WeAccountax has valued this trend and incorporated bookkeeping packages for the international businesses. Our command on dealing with financial transactions at various exchange rate / Letter of credit dealing enables us to provide world class service to the clients.

While disposing off the noncore business, business owners can concentrate on the international aspect of the business and consider their strategic options to expand to. Full concentrate can help the business grow beyond imagination. Once the business outsources the accessory departments, it becomes easier for the company to focus on the value adding activity and extract the most value out of it.

Bookkeeping Training and Consulting:

If the company has already bookkeeping department for their company, WeAccountax can provide professional training for running an accounting module with utmost accuracy. This add value for the already established companies having less experienced and trained staff.

Our expert trainers can train any team regardless of their gender, place of origin and corporate grade. These trainings are usually similar from one accounting software to another, so training in one software is enough for the business to develop a team for the longer run.

Why Partner with us:

  • WeAccountax is an expert in providing bookkeeping for small business. This enables the organization to hire the expert in the most affordable fees possible.
  • Our partnership with various accounting solutions companies provide us an opportunity to deliver to our clients are an extremely affordable prices.
  • Flexibility in determining, how services should be provided to the client is always an important aspect for the clients to make their top choice.
  • Our expert leaders are excellent at managing bookkeeping teams resulting accurate and on time bookkeeping every time.
  • Vast industry experience provides our experts with better understanding regarding the client business and eventually enabling us to provide a better quality service to our clients.
  • Our flexibility to tackle the client business regardless of their size and structure of the business enable us to be at the top of our game.

Bookkeeping Software:

Sage and QuickBooks:

WeAccountax has partnership with leading brands of accounting solutions i.e. sage and QuickBooks. Both accounting solutions are fully customizable to the evolving business needs enabling the business to extract maximum benefit out of the automatic bookkeeping software.

Their option to link with the bank directly and option to provide various financial reporting is truly astonishing.

Best aspect of these software in terms of bookkeeping is user friendly nature and easy to understand approach for a layman and accountants. It reduces the amount of effort to put in order to train teams for their usability.

Process We Follow:

Server Based:

This technique consists of client emailing or uploading their documents to the relevant serer. We can take effect of those documents into our books. Then emailing back the books to the client in the updated form.

This back and fro movement of data is unsafe and time consuming. Yet out quick response team and security protocol can help our clients tackle this concern.

Remote Access Based:

WeAccountax will access the computer of client which is loaded with the scan documents to be incorporated into the books of accounts. WeAccountax updates the books and closes off the remote access of the client computer. This technique is dependent on high speed internet or extranet.

Application Based:

WeAccountax will receive the scan documents onto the server then login into the application based accounting module. Update the books of accounts and logout. Client can login into application based accounting module to view their books of accounts.