Outsourced Bookkeeping Services for Business | GoStravo

Accounts Payable and Receivable

Accounts payable involves money a business owes to suppliers and vendors.

Accounts receivable focuses on money customers owe the business. A bookkeeping

provider can maintain invoice records, track outstanding balances, and keep

payment information organized. This is particularly useful for businesses that handle

a large number of invoices every month.

Financial Reporting

Bookkeeping is not only about entering numbers. The information needs to be

organized into reports that business owners can understand.

Depending on the service scope, outsourced teams can help maintain reports such as:

• Profit and loss statements
• Balance sheets
• Cash-flow reports
• Expense reports
• Accounts receivable reports
• Accounts payable reports
• These reports give management useful information for planning and decision-making.

Catch-Up Bookkeeping