Bakhsh & Associates Inc. brings years of experience in the income tax preparation, accounting and bookkeeping profession. We give you the opportunity to spend your time taking care of your service delivery while we take care of your administration.
As the President of Bakhsh & Associates Inc., Andy Bakhsh ensures that his clients' needs are met on an accurate and timely basis. We are committed to providing quality services at affordable prices.
We offer Newmarket businesses and entrepreneurs a wide range of accounting services.
We are the bookkeeping service of choice to these Newmarket & Toronto Businesses
Useful Newmarket Website Resources
What is Bookkeeping?
Bookkeeping in the context of a business is simply the recording of financial transactions. Transactions include purchases, sales, receipts and payments by an individual or organization. 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.