Accounting Service Lighthouse Point

Accounting service Lighthouse Point, Express Tax and Bookkeeping Services LLC includes bookkeeping services as well as accounting services. Basically, bookkeeping is about maintaining the accounts of any business or person. Entries in the books are done in a specific way so as to ensure that it is easy to know the outstanding balances in any account at any point in time. For this, knowledge of debit and credit entries is essential, apart from knowing how to make entries. All supporting documents also need to be maintained in the respective files for audit purposes.

Accounting Service Lighthouse Point

Accounting services extend beyond the keeping of cash and bank books, journals, purchase orders, sales orders, and stock orders. Accounting services are about ensuring that entries are accurate, and the profit and loss account is prepared as required by the tax authorities. There may also be other statutory requirements which come within the purview of accounting services. Moreover, accounting services also forecast when the cash flows are likely to be inadequate in the near future, based on which the business can take appropriate measures to raise funds and prevent illiquidity. Income taxes have to be paid by business enterprises as well as individuals.

Accounting Service Lighthouse Point

For an entrepreneur, knowing what debit and credit entails may already be a bit complicated, and compliance with all statutory requirements pertaining to accounts may thus be rather tough too. Any lapses in filing tax returns in time can lead to major problems with the authorities. Accounting services help business enterprises as well as individual tax payers in preventing such problems. In addition, these services include advice on tax planning strategies as well.

Accounting Service Lighthouse Point

Confidentiality is as important here as is being systematic and regular. Constant monitoring of information generated by the bookkeeper is required, which is an activity included under accounting services offered by Express Tax and Bookkeeping Services LLC, Accounting service Lighthouse Point.