It is basically a virtual accounting service. Gagner offers to provide services of a certified and experienced professional who will be maintaining book keeping service, accounting, developing and maintaining overall financial processes and management of the company. A full charge book-keeper manages payroll, handles deposits, maintain monthly financial reports, and reconcile the bank statements to internal accounts and also help in internal or statutory audits. A Book keeper will have the required knowledge and competence to recommend the appropriate accounting software to choose from.

A book keeping service offers the below:

1. AR/AP services.
2. Bank account reconciliation and manage bank feeds.
3. Invoice processing services.
4. Manual journal entry services.
5. General ledger maintenance.
6. Expenses ledger maintenance.
7. Record financial transaction.
8. Preparing ageing reports & summaries.
9. Preparing financial statements.
10. Assist in tax compliance.
11. Process Payroll.
12. Trial balance services.
13. Preparing income statements (Profit & Loss).

Benefits:

1. A book keeping service saves time and money and at the same time increases longevity and efficiency of your business.
2. A part of the activity involves coordinating with other heads to approve the budget for purchases etc., this will call for a time-consuming effort that can be done by the book keeper. This would need enormous amount of patience, handling skills, management and math skills.
3. Adapting to new resources like a bookkeeping service will open new avenues to explore. Because it cuts down the cost of hiring a particular professional to do the same job.
4. It will also reduce the dependency on an in-house team, rather the same job done can by someone else in the third-party organization based on their availability.