Bookkeeping in Spain, Madrid, Barcelona – PBS Accounting Services
What is Bookkeeping?
Bookkeeping is the recording of financial transactions. Transactions include sales, purchases, income, receipts and payments by an individual or organization. Bookkeeping is usually performed by a bookkeeper.
What is the difference between bookkeeping and accounting?
Many individuals mistakenly consider bookkeeping and accounting to be the same thing. This confusion is understandable because the accounting process includes the bookkeeping function, but is just one part of the accounting process. The accountant creates reports from the recorded financial transactions recorded by the bookkeeper and files forms with government agencies. There are some common methods of bookkeeping such as the single-entry bookkeeping system and the double-entry bookkeeping system. But while these systems may be seen as “real” bookkeeping, any process that involves the recording of financial transactions is a bookkeeping process.
PBS: Professional bookkeeping in Spain
PBS, Professional Bookkeeping Services, provides accounting, tax compliance, payroll and general business activites to worldwide companies. Financial consolidation on any ERP and full personnel administration from Spain. PBS provides high quality, cost effective bookkeeping, payroll and shared services to worldwide companies through Business Process Outsourcing