There are several types of bookkeeping services outsourcing online & Offline. These bookkeeping services are:

1. Cash:It doesn’t get any simpler than your bank account. All of your business transactions, both incoming and outgoing, will go through your cash account. The more active the business, the more difficult it is to keep track of your cash flow.
2. Accounts receivable:If your company has accounts with customers that do not require immediate payment, such as a 30-day credit period, you must include an Accounts Receivable component in your bookkeeping. This account allows you to keep track of the status of your payments, whether they’ve been collected or remain uncollected. You must keep an eye on this account because if some orders are misplaced or slip through the cracks, you may find yourself out of pocket and forced to make up the difference in order for the invoices to balance correctly. It is critical to organise this account so that you can send out bills on time and provide the best customer service when accepting payments.
3. Inventory:Your inventory account must account for all of the products you have on hand. Regular stock takes should be performed to keep track of everything you have in stock. Then you’ll be able to account for every penny that’s currently sitting there waiting to be sold. When it comes to accurately forecasting how your business will perform over an accounting period, making sure you account for everything is critical.
4. Accounts Payable: This is often the account that no one likes because it allows you to see exactly what money is leaving or has left the business and when. You, like the others, must take good care of this account to ensure that you do not make any late payments, that you do not overspend and leave yourself short for monthly outgoings, and, most importantly, that you do not pay anyone more than once. Good organisations can frequently assist in making early payments, which, if you establish a good reputation with the creditor, may qualify your business for a discount or special offer.
5. Loans payable:If you’ve ever taken out a business loan, you must keep track of them in your loans payable account. This account will keep track of everything you still owe and when payments are due.
6. Sales:In this account, track all of your incoming revenue from sales transactions. Recording these sales on a regular and timely basis is critical for understanding your company’s true position. You don’t want to wait too long before recording sales transactions, especially if you’re receiving a high volume of orders per day, because mistakes are easy to make. People may not receive their orders as a result of this.
7. Purchases:Your bookkeeper should keep track of any materials or goods you purchase for your business in your purchases account. This account is linked to the previous sales account. Both are critical for calculating Cost of Goods Sold (COGS) and your company’s gross profit, so they must be correct.
8.  Payroll Expense: Payroll is typically the most expensive aspect of running a business. This account is not only used to pay your employees the correct amount each month, but it is also used to calculate taxes and other government requirements. Paying the incorrect amount of tax can land you in big trouble, so it is necessary to do everything correctly.
9.  Retained Earnings: Your retained earning accounts keep track of any profits that are reinvested back into the business. Retained earnings are a running total of money that has been kept since the establishment of the company. This account is relatively simple to manage and is critical for investors and shareholders who want to know where their money is going as well as the overall success of the business.