Accounting services include tax preparation and counseling, as well as tracking spending and earnings. Accounting is concerned with preserving accurate financial records and implementing effective recordkeeping systems.Some of these services, like bookkeeping, accounts payable/receivable, and payroll are the foundation of more advanced accounting services like tax accounting, forensic accounting, or strategic planning.
Bookkeeping involves the recording, on a regular basis, of a company’s financial transactions. With proper bookkeeping, companies are able to track all information on its books to make key operating, investing, and financing decisions.
basic accounting methods: the cash basis of accounting or the accrual basis of accounting. based on the timing for when the company actually records a sale (money inflow) or purchase (money outflow) in the books.
