What is Accounting

Accounting is the practice of managing financial information about a business through systematically recording, classifying, summarizing, interpreting, and communicating between appropriate parties.

Your basic accounting services include: tax planning and preparation, payroll management, auditing services, business consulting / valuation, and financial planning.

An accountant or accounting firm can also offer such beneficial services as: Monthly Income Statements (monthly and YTD sales, cost of sales, and expenses), Monthly Operating Statements, Payroll Register (payroll and tax info per employee, per month and YTD), Balance Sheet (summary of assets, liabilities and net worth), Payroll and Sales Tax Reports, Bank Reconciliations (bank statement and records reconciled for balance accuracy), General Ledger (transaction details of all expenses).

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