Steps of Bookkeeping for Small Business - PowerPoint PPT Presentation

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Steps of Bookkeeping for Small Business

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Bookkeeping is a subset of accounting under which income, expenditure, account payable, account receivables are to be recorded. Thereafter, their reviewing and corrections are done for maintaining the ledger. All these activities enable a bookkeeper to evaluate the actual financial condition of the small business organization. – PowerPoint PPT presentation

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Title: Steps of Bookkeeping for Small Business


1
Steps of Bookkeeping for Small Business
  • Bookkeeping is an initial step of account which
    enables to maintain, reconcile the record of
    income, expenditure, liabilities, AP and AR in
    organized manner for evaluating revenues.

2
Ledger Creation
3
Recording Payments
4
Recording Receipts
5
Scheduling Upcoming Payment or Account Payable
(AP)
6
Scheduling Account Receivables
7
Reconciliation
8
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