Bookkeeping is the recording, classifying, and summarizing of economic events in a logical manner for the purpose of providing financial information for decision making. We will provide you relevant information, as we must have thorough understanding of the principles and rules that provide the basis for preparing the accounting information. In addition, we must develop a system to make sure that the entity’s economic events are properly recorded on a timely basis and at a reasonable cost.
Bookkeeping process includes recording of financial transactions and pertinent adjustments to support the financial statement. It is also required during tax mapping. CP&A collects all relevant information, documents and transactions with the clients and record it in the books of accounts and in the system. We are responsible for the compilation and review of the source documents supporting the financial information. Then, we prepare the necessary report for the month and return the documents together with the financial reports to our client. CCP&A also provides relevant information and accounting rules and principles that give basis for preparing the accounting information.