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Accounting Services refer to the management and maintenance of financial records and transactions for individuals or businesses. It includes tasks such as recording financial transactions, reconciling accounts, producing financial statements, and providing advice on financial management. Accounting services can be outsourced to professional accounting firms or handled in-house by accounting staff. The goal of accounting services is to ensure accurate financial reporting and compliance with accounting standards and regulations.
Maintenance of daily financial records such as recording transactions and reconciling bank accounts.
Preparation of financial statements such as balance sheets, income statements, and cash flow statements.
Development and implementation of tax planning strategies to minimize tax liabilities, as well as compliance with tax laws and regulations.
Examination of financial records and transactions to ensure accuracy and compliance with accounting standards and regulations.
Management of employee compensation and benefits, including payroll processing and tax withholding.