Bookkeeping Services

Bookkeeping is the systematic recording and tracking of a business’s income and expense transactions, forming the basis for accurate tax filing and financial reporting.

Clear books not only make tax season smoother but also help owners understand their financial position for timely business decisions.

Why use this service at AWE Global?

Ready for tax season

Clear, complete books make tax filing fast and accurate.

Clear financial picture

Accurate data as a basis for business decisions.

Reduced risk of errors

Minimizes data errors when filing taxes.

Process

01Collect receipts and transaction documents

02Record and categorize the books periodically

03Reconcile and verify the figures

04Deliver periodic financial reports

Documents / information needed

Bank/payment gateway statements
Invoices and transaction receipts
Related business transaction information

Common mistakes to avoid

Mixing personal and business accounts, making reconciliation and tax filing difficult.
Not keeping full invoices and receipts from the start, causing gaps at year-end filing.
Letting a whole year’s books pile up before processing at once, increasing errors and taking more time than periodic processing.

Frequently asked questions

Is bookkeeping mandatory for a small business?

Yes, it’s a basic requirement for accurate tax filing and compliance, regardless of business size.

How often should books be updated?

Monthly updates are recommended to avoid backlogs and catch errors early.

How long should bookkeeping records be kept?

Usually a minimum of 3-7 years depending on relevant tax regulations.