The primary task of accountants, which extends to all the others, is to prepare and examine financial records. They make sure that records are accurate and that taxes are paid properly and on time. Accountants and auditors perform overviews of the financial operations of a business in order to help it run efficiently.

What are the basics of accounting?

Some of the basic accounting terms that you will learn include revenues, expenses, assets, liabilities, income statement, balance sheet, and statement of cash flows. You will become familiar with accounting debits and credits as we show you how to record transactions.

What do we mean by Accounting?

It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given period, and the value and nature of a firm’s assets, liabilities, and owners’ equity.

What is the accounting outsourcing services?

Outsourced accounting is a service that provides a full, accounting department experience for small businesses. An accounting department handles the day-to-day transaction coding, accounts payable, accounts receivable, payroll, management financial reporting, and many other services.

How much do accounting services cost?

The cost of bookkeeping services can vary depending on your business location, a number of Business transactions, and the experience of your company accountant (if applicable). However, the most basic of bookkeeping and accounting services will cost between 5,000 to 25,000 per month.