Important Facts about Bookkeeping Services for Small Businesses in 2021 - PowerPoint PPT Presentation

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Important Facts about Bookkeeping Services for Small Businesses in 2021

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Title: Important Facts about Bookkeeping Services for Small Businesses in 2021


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https//ycintegrity.com/
Important facts about bookkeeping services for
small businesses in 2021
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Are you ready?
Let's Begin!
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What is Bookkeeping?
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Bookkeeping is the recording of all financial
transactions, including financial records of
purchases, sales, receipts and payments, as well
as accruals for payables or receivables
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The simple answer is no, theyre not exactly the
same thing but they are very closely linked and
you cant have one without the other.
Are Accounting
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and
Bookkeeping
The differences come with how data is handled
and processed. Put simply, bookkeeping is the
act of recording financial transactions.
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the Same
Thing?
Accounting is the act of analysing and reporting
financial data. Below we go into more detail
about what the differences are between the two.
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5
MDM Company
June 1, 2021
Team Retro Team retros allow us to reflect on
what went well, what did not go well, and what
we can improve on based on our recently
completed project. Its a time for us to learn
from our wins and losses with the objective of
improving the way we work in future projects.
Copy a sticky note, then type in the idea that
needs to be done. Vote for your favorite ideas
using stars. Circle or mark up any promising
ideas.
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Types of bookeeping System
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The double-entry system of bookkeeping requires
a double entry for each financial transaction.
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The double entry system provides for checks and
balances by recording a corresponding credit
entry for each debit entry.
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"It can help grow business"
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Thanks !
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