List of Accounting and bookkeeping services provided by a US CPA
Accounting and bookkeeping services provided by a US CPA can cover a wide range of financial accounting activities for businesses and organizations. Some of the specific areas that may be covered include.
1. Financial statement preparation: A US CPA can help businesses prepare financial statements, including balance sheets, income statements and cash flow statements.
2. General ledger maintenance: A US CPA can help businesses maintain their general ledger and ensure accurate and up-to-date financial records.
3. Accounts payable and receivable: A US CPA can assist with managing accounts payable and receivable, including invoicing, payments and collections.
4. Payroll processing: A US CPA can help businesses manage their payroll, including calculating employee wages, preparing payroll tax returns and filing payroll tax deposits.
5. Inventory management: A US CPA can assist with managing inventory, including tracking inventory levels, calculating inventory costs and preparing inventory reports.
6. Budgeting and forecasting: A US CPA can help businesses prepare budgets and forecasts to project future financial performance and plan for future growth.
7. Financial analysis:A US CPA can help businesses analyze their financial data and provide insightsinto areas of strength and weakness, as well as opportunities for improvement.
8. Compliance: A USCPA can help ensure compliance with accounting standards and regulations, including Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).