Bookkeeping Services
Core Accounting Services
Our bookkeeping services ensure that your business's financial transactions are recorded accurately and reconciled using the best-in-class cloud technology software. As certified Xero partners, we have the knowledge and expertise to navigate your accounts with confidence.
Assured Bookkeeping for SME Entrepreneurs
Partners
The HorizonFD Bookkeeping Process
At HorizonFD, we like to simplify arduous processes. Our step-by-step process ensures that your accounting systems are set up in the best way possible, allowing your business to run efficiently based on your budget.
What is Bookkeeping
Bookkeeping is the practice of entering all your financial transactions into a "book" (also known as a General/Nominal Ledger) so you can accurately record the movement of your money in your business.
Depending on the number of financial transactions at the end of each month, quarter, and year, the effort you put into reconciling your bookkeeping will result in a report known as a "trial balance". This is a statement that simply highlights that for all the monetary transactions entering or leaving your business bank account, there are two equal and opposite entry transactions ("balancing") that take place within your accounting "book".
For example, when an invoice is paid to a supplier, the money that leaves the bank account (known as a credit in the accounts book) is offset against a payable bill that is recorded in your book under your supplier account (also known as a debit). Each month, you need to ensure that you balance your books to avoid issues with stock management, suppliers, and even taxes. The trial balance you produce, which can simply be handed over to us at the end of each month or year, so we can accurately prepare your records.Learn More...
In need of a complete bookkeeping solution for your SME?
Book a call with HorizonFD to see how we can assist