Accounting is the process by which we evaluate the financial, or bookkeeping, records drawn up by a bookkeeper of a business. The evaluation process requires our professional judgement and experience to properly classify, analyse, and interpret the financial and other records of a business.

The results of the accounting evaluation are normally presented as financial statements of the business and may include statements of profits and losses, assets and liabilities, changes in value and cash flows. Together, these will represent the progress or failures of your business.

Once financial statements have been approved they will be used to calculate the business’s or your tax liabilities subject to normal tax rules, adjustments and practice. It is therefore very important that financial statements drawn up are credible and reliable.