Bookkeeping Points

Bookkeeping Points is a leading freelance bookkeeping service provider company based in Dhaka, Bangladesh, with team members located in Bangladesh, the USA, and India. Our team of highly skilled and experienced bookkeepers specializes in providing bookkeeping services using QuickBooks Online, Xero, and Wave Accounting. For businesses in the USA, UK, Australia, and Canada, we provide […]

What is Retained earnings?

Retained earnings

Retained earnings refer to the portion of a company’s net income that is kept by the business instead of being distributed as dividends to its shareholders. This amount of money is often used by the company for various purposes such as reinvesting in the business, paying off debt, or expanding operations. In other words, retained […]

BOOK CLEANUP for clients with messy books!

lawyer and client talking about 1099-MISC

A messy set of books can be a major headache for small business owners. Inconsistent financial records, missing transactions, and outdated information can make it difficult to get a clear picture of the business’s financial health and make informed decisions. However, with the right approach, it is possible to clean up even the messiest set […]

Why small business owners outsource bookkeeper & accountant?

small business bookkeeping

Small business owners often choose to outsource their bookkeeping and accounting tasks rather than hiring a full-time employee for several reasons. Firstly, outsourcing is more cost-effective than hiring a full-time employee. Small businesses may not have the budget to hire a full-time bookkeeper or accountant, and outsourcing allows them to access professional services at a […]

Cash Basis Accounting vs. Accrual Accounting

Cash basis accounting and accrual accounting are two common methods used to record financial transactions in a business. Cash basis accounting: Records financial transactions only when cash is received or disbursed. Simple and easy to understand. Cash inflows and outflows are recorded in the accounting records when the cash is received or spent. Example: A […]

What does a bookkeeper do?

What does a bookkeeper do?

A bookkeeper is responsible for maintaining and recording financial transactions of a business. This includes tasks such as: Recording all financial transactions including sales, purchases, and payments into accounting software or ledgers. Balancing accounts, reconciling bank statements, and ensuring all financial data is accurate and up-to-date. Preparing invoices and monitoring accounts receivable to ensure that […]

Financial reporting

Financial reporting is a critical aspect of a company’s operations and is essential for providing stakeholders with accurate and transparent information about the company’s financial performance and position. Financial reporting is used to communicate the company’s financial results to shareholders, investors, lenders, and other stakeholders, and is also used to comply with various laws and […]

VAT (Value Added Tax) Return

VAT (Value Added Tax) Return

A VAT (Value Added Tax) return is a document that businesses are required to file with their relevant tax authority in order to report the value added tax they have collected and paid during a certain period of time. VAT is a consumption tax that is added to the price of goods and services, and […]

What is bookkeeping?

two laywer and a client talking abou tthe case

Bookkeeping is a process of recording and maintaining financial transactions in a systematic and organized manner. Some key points to keep in mind when it comes to bookkeeping include: Accurate record keeping: It is important to keep accurate records of all financial transactions, including purchases, sales, receipts, and payments. This ensures that the financial performance […]