Accounting Services
Common accounting services include tax preparation and consultation, tracking expenses and revenues, and so much more. Accounting is about producing accurate financial records and maintaining efficient recordkeeping practices.
Accounting Services means the measurement, processing, and communication of financial information about economic entities including, but not limited to, financial accounting, management accounting, auditing, cost containment, auditing services, taxation, and accounting information systems.
We provide Accounting, tax, and consulting services for small and medium-sized businesses. We specialize in dealing with our clients by assigning a dedicated executive for each client to work one-to-one basis. We are well-versed and experienced in servicing professionals, manufacturers, wholesalers, and service providers. We can provide accounting assistance, business plans, and auditing services.
The following are some important types of accounting
1. Management Accounting
2. Public Accounting
3. Internal Auditing
4. Governmental Accounting
5. Corporate Accounting
6. Forensic Accounting
7. Cost Accounting
8. Tax Accounting
9. Accounting Information Systems
The following are some of the 5 basic principles of accounting
- Revenue Recognition Principle
- Cost Principle
- Matching Principle
- Full Disclosure Principle
- Objectivity Princip
Rules of accounting revolve around debits and credits. There are three main rules of accounting:
- Debit the receiver and credit the giver
- Debit what comes in and credit what goes out
- Debit expenses and losses, credit income and gains
A journal entry is a record of the business transactions in the accounting books of a business. A properly documented journal entry consists of the correct date, amounts to be debited and credited, a description of the transaction, and a unique reference number. A journal entry is the first step in the accounting cycle.
Here are some of the other Accounting Services:
- Financial statement reviews and Compilations.
- Income tax preparation and compliance.
- Income tax planning and consulting.
- Monthly, quarterly, and annual financial reporting statements.
- Implementation of new accounting software packages.
- Bill paying services.
- Business management.
- Book Keeping.
