It refers to the process of recording, classifying, and summarizing financial transactions to provide accurate and up-to-date financial information.
Bookkeeping is a critical process that involves collecting and organizing financial documents, serving as the foundation for any business. If bookkeeping services fall short of the required standards, a company can quickly face collapse. Despite being a continuous process, it can be slow and time-consuming. Therefore, whether you’re a business tycoon or running a small enterprise, it’s essential to have an efficient bookkeeping system in place.
Oakmont Legal offers a comprehensive range of bookkeeping outsourcing services for businesses of all types. If you’re feeling overwhelmed with your current bookkeeping system due to costly in-house resources or any other reasons, consider giving Oakmont a try. By outsourcing bookkeeping, you can free up valuable time and resources. Bookkeeping outsourcing services allows you to focus on core business activities, enhancing your brand reputation and productivity. Additionally, our bookkeeping outsourcing services prioritize reducing client costs, saving time, and improving overall productivity and efficiency.
Our Top-Notch Bookkeeping Services
1- Account Management Services
Our account management services include both accounts receivable and accounts payable management solutions. Our comprehensive approach ensures that your accounts are managed with accuracy and proficiency.
2- Accounts Payable Management
We can take care of your Accounts payable management so you don’t have to. Our service includes handling everything from invoice processing to vendor payments and reconciliation. With our reliable and efficient service, you can rest easy knowing your payables are being managed accurately and on time, giving you more time to focus on growing your business.
3- Accounts Receivable Management
Our dedicated team manages your customer invoices, tracks payments, and handles collections. We strive to optimize your accounts receivable process, ensuring improved cash flow and reduced outstanding balances.
4- Bank Reconciliation
Rest easy knowing that we will meticulously reconcile your bank statements with your financial records. We identify any discrepancies and ensure that your financial data is accurate and aligned with your bank transactions.
5- General Ledger Management
Our outsource bookkeeping services are designed to diligently keep track of your financial transactions, ensuring accurate and up-to-date general ledger accounts. You can rely on our ledger management services to maintain clear and organized financial records.
6- Financial Reporting Services
We provide comprehensive and insightful financial statements that are tailored to your specific requirements. Our outsourcing bookkeeping services for businesses include income statements, balance sheets, and cash flow statements, giving you a clear picture of your company’s financial performance. Outsourcing financial report writing services can help you to spend extra time enhancing your business productivity and growth.
7- Payroll Processing
Leave the complexities of payroll processing to us. Our outsourcing bookkeeping services handle all calculations, deductions, tax withholdings, and payroll reporting, ensuring accurate and timely payments to your employees.
8- Expense Management
We take charge of tracking and categorizing your business expenses. Our meticulous approach ensures proper expense allocation, allowing you to have a clear overview of your company’s spending and generate valuable expense reports.
9- Tax Preparation and Compliance
Trust us to navigate the complexities of tax preparation and compliance. We ensure accurate and timely filing of tax returns, adherence to tax regulations, and provide support during tax audits to keep your business in good standing. Our tax audit services will audit all the accounts related transactions and ensure that they are all paid, calculated, and recorded correctly.