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Accounting Services
Clarity from chaos, confidence in numbers. Whether you’re a startup or an established company, we can help you establish effective accounting practices. Prime Associates Services maintains meticulous financial records, generating clear reports and ensuring informed decision-making. Book keeping for accurate and timely recording of financial transactions to maintain a clear financial picture. Comprehensive preparation of financial statements for a thorough understanding of your businesses performance.
Why This Service Is Important to Grow Business
Recording Transactions
Bookkeeping involves the systematic recording of financial transactions, including sales, purchases, receipts and payments.
Chart of Accounts
Establish a chart of accounts, which is a categorized list of all accounts used by the business. include assets, liabilities, equity, revenue and expenses.
Double-Entry System
Follow the double-entry system, where each transaction affects at least two accounts, ensuring that debits equal credits.
Bank Reconciliation
Regularly reconcile bank statements with the company's financial records to identify and resolve any discrepancies.