Compliance and Managerial Accounting Services & Helpful Accounting and Bookkeeping Tips.

Compliance and Managerial Accounting Services

Sample of Services

  • Charts of Accounts – Creation & modification
  • Compliance (GAAP)
  • Contribution reporting (Managerial Accounting) and profitability
  • Cost Segregation (accelerated depreciation) studies and submissions
  • Financial Statement – Analysis/interpretation/recommendations
  • Inventory Costing (Avg. Cost, FIFO, LIFO) and application of Overhead
  • Month-end, Quarter-end, Year-end close
  • Payables/Payroll/Receivables reporting
  • Reconciliation of Accounts

Accounting Services (Two Main Categories – We Offer Both)

Financial Accounting (For Compliance)

Laws, principles, rules and regulations need to be followed to ensure that (financial) statements or (tax) forms reflect the proper accounting treatment. Some examples – Revenue recognition for accrual-basis businesses, inventory cost flow assumptions (average cost, LIFO, FIFO) or the deductibility (or non-deductibility) of certain expenses for tax purposes vs. expenses that are deductible for book purposes. Compliance is concerned with reporting past activities.

  • Adhering to laws, regulations and accepted principles
  • Maintaining business standards and proper protocols
  • Regulatory oversight
  • Codes of conduct
  • Concerned with reporting past activities
Managerial Accounting (Improves Decision-making)

Managerial Accounting is concerned with taking existing accounting/financial data and analyzing it to only include information that has an ECONOMIC IMPACT toward making future decisions. Examples – Depreciation on assets. Depreciation, in many cases is an expense that just reflects the passage of time, it does not have any bearing on the productive capacity of an asset for future decision making until the remaining productive capacity is measured.

  • Includes only data that has an economic impact
  • Is NOT part of compliance
  • Is for (internal) management decision making
  • Focused on providing information to aid future decision-making

Is your Accounting accurate? If not, you could be overpaying on your taxes.

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Accounting Services
Regarding Accounting, Business Clients have many needs, but two overarching requirements - That their records comply (Financial Accounting) and reports to help them make informed, relevant decisions (Managerial Accounting) for their business. We can help with both.
Accounting Services
Advisory Services
We provide expertise to Business Clients in addition to Accounting, Bookkeeping and Tax-related services. Our approach is to integrate our services so we become your "one-stop shop," for accounting, tax or advice. Review our Advisory Page and contact us so you can decide for yourself.
Advisory Services
Bookkeeping Expertise
Bookkeeping is the process of inputting, classifying, error correction and maintaining accounting records. Understated or overstated accounts? QuickBooks workflow issues? Problems, involving one year or several years, large or small, simple or complex, we can help.
Bookkeeping Expertise
Tax Services
Whether it's Tax Planning, Tax Preparation, or Tax Resolution, small businesses need help navigating the complexities of the tax code. If you have tax debt, levies, liens, unfiled returns, or questions on how to minimize your tax liability, contact us so we can recommend the best options/solutions.
Tax Services