One On One Consultation For All Your Bookkeeping Needs
The long-term of a health business depends on correct Bookkeeping. At MWJ Consultancy, we provide a broad range of industries and customers, from self-employed home-based business owners to small and medium-sized organizations with workers. We are experienced, cheap, and reliable; therefore, if you choose us for Bookkeeping needs, you will receive personalized assistance as well as state-of-the-art consultations.
If you are starting a business, we will install reporting and bookkeeping tools to make tracking your finances more manageable. If you have been in business for a while but need some help to organize and clean your books, we will work with you to optimize Bookkeeping and create a system of checking and balances.
The best part of hiring Bookkeeping services is that you will have more time to focus on your company’s operations and strategy and generate more profits. We start by understanding your unique needs and educating our customers on the statutory and customary ledger, and managing rules during face-to-face meetings. We create a workspace for your Accounting duties and Bookkeeping services, whether in your office or with us.
We can keep track of your payments and receivables, invoices, disbursements and bills, and withdrawals. So, why bother with the usual Bookkeeping services when you can delegate this time-consuming task to us? Believe us; you will save time and effort. Our team stays updated on the current Accounting standards and legal needs, simplifying complex tax calculations and payroll administration.
- Bookkeeping Services for Small Businesses
- Payroll processing
- Accounts Receivable (Admission, Depositing, Invoicing, Collection)
- Accounts Payable (Admission, Bill Pay)
- Sales tax processing
- Inventory management
- Bank Solutions
- Providing financial information
- Preparing financial statements
- Outsourced Bookkeeping
- Small business accounting
- Bookkeeping clean up
There is no better time than to take advantage of the Bookkeeping system. Additionally, with MWJ Consultancy, we’ll be at your disposal for every Accounting and Bookkeeping need, also at the most inconvenient times. Plus, we understand that many companies hesitate to display their books for privacy purposes; however, with MWJ Consultancy, you can rest assured that we’ll be trusted to protect you.
In colloquial financial terms, Bookkeeping and Accounting are used almost interchangeably. However, these concepts are different. While Bookkeeping is all about recording financial transactions, analysis, classification, accounting is concerned with the interpretation, reporting, and summarizing of the financial data of a business.
Accounting: Accounting is the process of systematic measuring, recording, and communicating information about financial transactions occurring in a business. It helps determine the financial position and present it to the stakeholders. It helps a company make short and long-term decisions and conveys its credibility to the market. Accounting aims to offer a clear view of the financial statements to its customers, including creditors, employees, investors, and the government.
Bookkeeping: Bookkeeping is the systematic recording and classification of an organization's financial transactions. Accounting is a part of the broader scope in finance. The most crucial focus is maintaining accurate records of all monetary transactions of a business. Companies use the information to make significant investment decisions.
Many software and technology options are available to help you automate your Bookkeeping and Accounting. QuickBooks Online is used to track business reporting, and Xero, which allows handling accounts payable and accounts receivable, is two of our favorite products. These services can significantly impact the company by reducing human error, increasing efficiency, and saving time and money during tax season. However, these tools will only take you so far; you will still need someone to help you operate the program and analyze the results.
Bookkeeping services are often conducted after the fact once a month following the previous month's closing. This is also a regular scenario if you haven't done your books for a while and need to be fixed. We work behind the scenes on books on the schedule you specify, capturing the activity. We handle the financial reports collated, reviewed, and provided by us. The cost of a package of books starts at $300 per month—the price increases as the frequency of services and the degree of activity increase.
Full charge bookkeeping is done more regularly, like once a week or month. The MWJ Consultancy is in charge of the company's daily Bookkeeping. We work for you or with you in the front office, process payroll, handle AR/AP, and pay invoices as per your schedule. Financial reports are collated, reviewed, and provided by us. Monthly costs start at $600—the base price increases as the frequency of services and the degree of activity increase.