What do you mean by bookkeeping services?

Bookkeeping service is the practice of recording and keeping track of financial transactions of your business. The bookkeepers are required to summarize the activity of your business regularly into financial reports. Bookkeeping Services in San Jose. These reports showcase the financial position as well as the performance of your business. A bookkeeping system is the foundation of your business’s financial organization. It’s the process of tracking, categorizing, and reconciling financial transactions typically with the help of software to keep your records accurate and up to date. A strong system enables timely reporting, simplifies tax preparation, and helps you understand cash flow.