Review of Books of Accounts for financial year from office or at client site like Monthly/Quarterly and Half Yearly..
Where the process of accounting is used for the interpretation, classification, reporting of financial records, financial data of a company, it is called book keeping.
Profit and Loss Account is the statement which shows all the indirect expenses and indirect revenue earned during the particular period. It is prepared to ascertain the net profit/loss of the business for the particular accounting period. It is calculated by subtracting indirect expenses from gross profit/loss.
Balance sheet is prepared to reveal the financial position of a business. It is a description of the economic condition of a business. The details of assets, liabilities and capital of a business or organization at a given point of time are called balance sheet.
Financial statements are mainly reports presented by the management of the company. It contains information about the financial performance of the company and its position in the market.
A quarterly report is a summary or collection of unaudited financial statements, such as balance sheets, income statements, and cash flow statements, issued by companies every quarter (three months).
Payroll is the sum total of all compensation that a business must pay to its employees for a specified period of time or on a specified date.
