With an online bookkeeper, you are getting a professional that is experienced.
It is like the transaction register for a checking account,
but it allocates income and expenses to various income and expense
accounts instead of just tracking deposits and withdrawals.
Bookkeeping and accounting are the simplest processes that a company can contract out to another.
An example of a valuation account is the accumulated depreciation, which is classified
as a contra-asset account and presented in the Balance Sheet report.
With an online bookkeeper, you are getting a professional that is experienced.
It is like the transaction register for a checking account,
but it allocates income and expenses to various income and expense
accounts instead of just tracking deposits and withdrawals.
Bookkeeping and accounting are the simplest processes that a company can contract out to another.
An example of a valuation account is the accumulated depreciation, which is classified
as a contra-asset account and presented in the Balance Sheet report.