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General Accounting Service

General accounting includes bookkeeping methods used for recording of financial transactions of a business or a company. Companies use the double entry book keeping system for recording all financial transactions.

It includes maintaining and keeping a record of various accounting day books including:
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  • Purchase book
  • Sales book
  • Cash book
  • General ledger
  • Supplier's ledger
  • Customer ledger
A book keeper writes up and maintains various "Daybooks" . He is responsible for making sure that correct transactions are recorded in the correct daybook. A trial balance is finally made with the help of these accounting books and ledgers.

Why is it required?
General accounting or book keeping is an important part of any business. It helps to compile all the accounting data and information on a daily basis. This information is later used to make various financial statements. It is the beginning of the financial data gathering.

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