Business Accounting & Corporate Taxes

Reliable bookkeeping for accurate financial records and smooth operations. Assets represent the resources your business owns, such as accounts receivable, inventory, and equipment. Liabilities are what your business owes, including accounts payable, credit lines, and loans. The difference between the two is referred to as owner’s equity. This relationship is captured by the accounting equation:

Assets = Liabilities + Owner’s Equity 
Our Bookkeepers record transactions. Assets are on the left side, and liabilities and owner’s equity are on the right. An increase in an asset is recorded as a debit (left side), while an increase in liabilities or equity is recorded as a credit (right side). The reverse is also true—decreases in assets are credits, and decreases in liabilities or equity are
debits. This ensures that for every financial transaction, debits and credits remain in
balance.

Generating Financial Reports Bookkeeping tracks transactions throughout the accounting period and helps generate key financial reports, such as the balance sheet, income statement, and statement of cash flows. These reports clearly show your business’s financial health, helping you make informed decisions.