accounting & bookkeeping services

Accounting Services

What are accounting services?

Accounting services is a process of recording transactions tracking revenue, expenses, assets, and liabilities in a logical and prescribed manner in accordance with internationally Generally Accepted Accounting Standards (GAAP). This Accounting practice procedure involves tax computation and precise recording of business transaction to produce accurate Financial Statements

Hiring Kant Consulting will ensure proper record accounting and bookkeeping which will give your business a true reflection of the status of your business financially.

What are the basic accounting services?

Basic accounting services are the fundamental accounting procedures and reports that should be generated by any start up and or a simple small business. These accounting services are listed as follows:

• Sales / Revenue Reports 
• Expenditure reports 
• VAT reconciliations
• VAT returns 
• Cash book / bank capturing
• Bank reconciliations

What services can Accountant Provide?

• Preparation of Statutory returns for the Receiver
• Advisory services
• Business plans
• Strategic planning

Difference between Bookkeeping and Accounting services?

Bookkeeping involves the actual capturing, recording, and categorizing daily transaction into Revenue, expenditure, liability and assets and Accounting involves generating reports and qualitative and subjective insights into the information generated by bookkeeping data.

Bookkeeping Services

Bookkeeping services is the most basic function of accounting. It involves the recording of transaction into the books of original entry such as cash book and various types of journals such as sales journals, purchases journals and other journals. It is the basic cell of accounting and the accurate the recording.

Bookkeeping is the professional recording and tracking of business transactional activities such as cash book capturing and invoicing.

Kant Consulting usually appoints a dedicated bookkeeper to keep track of Client’s accounting activities of their business accurately and professionally. Qualitative bookkeeping procedures ensures quality financial statements.

Types of books of original:

• Cash book journal
• Sales journal
• Purchase journal
• General Journal