Bookkeeping Services

Bookkeeping services are essential for maintaining accurate financial records for a business. These services involve the systematic recording, organizing, and tracking of financial transactions, ensuring that a business’s financial information is accurate and up-to-date.

key Components & Benefits of Bookkeeping Services

Transaction Recording

Accurately recording all financial transactions, including sales, purchases, receipts, and payments.

Ledger Maintenance

Maintaining general ledgers where all financial transactions are categorized and recorded.

Bank Reconciliation

Reconciling bank statements with the company's financial records to ensure accuracy.

Payroll Calculation

Accurate calculation of employee wages based on hours worked, salaries, overtime, bonuses, and commissions.

Expense Tracking

Monitoring and recording all business expenses to manage budgets and identify cost-saving opportunities.

Financial Reporting

Generating financial statements, such as income statements, balance sheets, and cash flow statements.

Payroll Processing

Managing payroll records, calculating wages, and handling deductions and taxes.

Tax Preparation

Preparing and maintaining records required for tax filing and ensuring compliance with tax regulations.

Budgeting and Forecasting

Assisting in the creation of budgets and financial forecasts to guide business decisions.

Benefits

Accurate Financial Records

Ensures that financial records are accurate and up-to-date, which is crucial for making informed business decisions.

Time Savings

Frees up time for business owners to focus on core activities by outsourcing bookkeeping tasks.

Compliance

Helps ensure compliance with financial regulations and tax laws, reducing the risk of penalties and fines.

Financial Insights

Provides valuable financial insights and reports that can aid in strategic planning and growth.

Cost Management

Helps in tracking and managing expenses, identifying areas where costs can be reduced.

Cash Flow Management

Aids in monitoring and managing cash flow, ensuring that the business has sufficient funds to operate.

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Stuart Oneil

CEO, Luryc

“Lunno is a highly professional consulting firm. We can depend on them to be transparent, smart, and committed to our success.”

Elly Brett

Business Operations, Bewarx

“For over 10 years, Lunno has consistently proven their ability to understand our business needs and help us outperform our expectations.”

Jenna Ballard

VP Marketing, Wico

“When we needed help to manage the strategy and rollout of a complex marketing plan, Lunno turned out to be the perfect partner.”

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