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Accounting services, Accounts, Accounting services in West Palm Beach, Professional accounting services, Best accounting

The Balance Sheet Inc., owns a team of expert accountants, tax specialists, administrators, and bookkeepers who offer business accounting and tax services for your business. Our accounting services support your organization in balancing the cash flow, customers, and suppliers, and help you manage your business effectively. Our bookkeeping service is accurate, comprehensive and tailored to suit your specific business needs. We assist you in managing and controlling your finances, devising plans for future growth and ensure that your accounts are completed more efficiently, thus helping you avoid late filing penalties. Our tax services help you deal with all your tax affairs including employment income, pensions, benefits, expenses, capital gains, and investments. We also analyze your self-assessment tax return to see if any tax savings can be made.

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Accounting services, Accounts, Accounting services in West Palm Beach, Professional accounting services, Best accounting

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  1. Higher Account Accuracy Earns Higher Profit ACCOUNTS ACCOUNTS

  2. What is an account? The systematic recording, reporting and analysis related to financial transaction of a business.

  3. Purpose of Accounting Providing information that is required for sound economic decision making.

  4. Accounting

  5. Different Types of Accounting • Financial Accounting • Management Accounting • Governmental Accounting • Tax Accounting • Forensic Accounting • Project Accounting • Social Accounting

  6. Financial Accounting Financial Accounting is used to prepare financial report that provide information about performance of a firm to external parties (creditors, investors and tax authorities)

  7. Financial Accounting

  8. Management Accounting The process of making management reports and account that provides accurate and timely statistical and financial informers required by managers to make decisions.

  9. Management Accounting

  10. Management Accounting showing • the available amount of cash • sales revenue generated • amount of orders in hand • accounts payable • accounts receivable • raw material and inventory • outstanding debts etc.

  11. Government Accounting

  12. Government Accounting It is also known as public accounting or federal accounting. It refers to the type of accounting information system used in the public sector. Governmental accounting ensures the performance and financial of the public sector institutions are set in-budgetary context since financial constraints are often a major concern of a government.

  13. Forensic Accounting Forensic accounting uses auditing, accounting and investigative skills to conduct an examination into a company’s financial statements. Thus providing an analysis of account that is suitable for court.

  14. Tax Accounting

  15. Tax Accounting It refers to accounting for the tax related matters and governed by the tax rules prescribed by the tax laws of a jurisdiction. Usually Tax Accountants adjust the financial statements prepared under the financial accounting principles to account for the differences with rules prescribed by the laws related to tax.

  16. Project Accounting Project Accounting is an important componet of project management. It refers to the use of accounting system to track the financial progress of a project through frequent financial reports

  17. Social Accounting

  18. Social Accounting Social accounting is an important tool to calculate the performance of any company in view of social responsibility . This is a type of accounting that puts a value on the effect of company’s business on environment and society.

  19. Accounting Heads can be classified into 3 groups

  20. Accounting is important why? • Main goal of a Company is its success. In order to achieve hope of success, a company has to know where their money is coming from and where it is going out. That is the importance of perfect accounting.

  21. The Balance Sheet Inc. (Accountants In West Palm Beach) 801 NorthpointParkway, Suite 6 West Palm Beach, FL 33407 Tel: (561) 501-3080 Fax: (855) 460-1629

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