What is accounting?

Accounting is a service that overlooks and verifies financial accounts and managing money transactions. It is a service that can be used by either public institutions, private individuals or businesses. An accountant is essential to any business they work for, whether it is for a small business or a large corporation. Their primary job is to make sure that every transaction is done under the law of the country they operate in and that they also follow the international guideline standards that are made by the IASB (The International Accounting Standards Board).

What does an accountant do?

There are many areas an accountant can cover for businesses or private individuals but one thing is certain, they will always use numbers and financial statements with their skill in math and finance to describe the financial health of a business or private person. A lot of people often get confused between bookkeeping, auditing and accounting.

What does a bookkeeper do?

A bookkeeper constantly keeps the current annual financial books up to date and make sure that tax is paid. They usually do not prepare the financial reports, they just ensure that the figures are maintained for reporting. Bookkeeping and accounting go hand in hand. An accounting company will often have bookkeeping associated with them which take care of the continuous bookkeeping of a business. We provide bookeping services, consolidation account, accounting outsource, accounting software and account staff placement