Book keeping
We can provide book keeping support by backing up your book keeper, doing part of the job, or acting as an out-sourced book keeper. We usually have the work sent to us, but we also visit clients and, interestingly, work remotely using simple internet-based systems.
It’s quite simple really
Everything in the Accounting Universe is one of 4 things:
- An Asset
- An expense
- An income
- A liability
| ASSETS |
LIABILITIES |
| EXPENSES |
INCOME |
Whenever a transaction occurs, there are two actions, or as the famous Book keeper Sir Isaac Newton put it “For every action there is an equal and opposite reaction”.
We call these actions and reactions Debits and Credits, and we aren’t afraid of exploring how they work so that you understand how book keeping works. The above diagram works for your business and we can explain how!
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