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How Does Outsourcing Accounting Services for Small Business Work?

How Does Outsourcing Accounting Services for Small Business Work?

Our team at Rayvat has availed effective Accounting services for small business to replace the small-time accountant that take care of your start-up business. Your company had profits below a million dollars and you thought all of this as intimidating, yet that one expert small-time accountant took care of all your financial worries.

However, with the growth of your business company, you started realizing that small-time business services were unable to fulfill the quota and that you were now in dire need of a bookkeeping service to keep the day-to-day, weekly and monthly bookkeeping jobs in check. Rayvat’s Outsourced Bookkeeping services provide bookkeepers with large-scale financial expertise who would effortlessly work as a full-time bookkeeper keeping all the services in check.

Its importance on the Accounting Services for Small Business:

Our Business Accounting Services could help you manage the rapid growth of your business firm and maintain the growth consistently. To understand what services we include, take note of the following:

  • We pay bills online or prepare checks to proceed with your signature
  • Record payments and statements, sales invoices, vendor invoices, plus purchase orders and more
  • Prepare weekly AR and AP reports
  • Prepare balance sheets
  • Formulate spreadsheets for payroll processing
  • Supply a CPA/Controller to make sure that the financial records are in their best conditions

Basic steps of bookkeeping services

The basic definition of bookkeeping services must be stated as a service that keeps track of the financial transactions of a business and making entries to certain accounts using the credit and debit systems. This is exactly what we do in USA, UK and Australia. A more elaborate working of our service should be:

  • Studying and analysing financial transactions and sending them to specific accounts.
  • Creating genuine journal entries that debit and credit the specified accounts.
  • Posting entries to ledger accounts.
  • At the end of each accounting period, adjusting the entries.

Bookkeeping services listed in Rayvat recognize good bookkeeping as an essential part of your business. All the available deductions and tax credits could be claimed by the owner of a small business with the help of our bookkeeping service by supporting the expenditures made for the business. Our motto prizes management decision-making by providing accurate and valuable details and timely records.

RAYVAT is an independent business unit specializing in Outsourcing Accounting services. Contact Us to talk about your business accounting needs.