In today’s business environment, the role of accounting has become much more than establishing a historical financial record. Business owners and entrepreneurs now have to use accounting and financial processes to effectively, strategically, and ethically manage their business. Ever-changing requirements and regulations have made financial and tax reporting more vital than ever.
There is no single form of entity that is appropriate for every type of business. The choice of entity is one of the most important decisions facing those who own and operate businesses. There are several forms to choose from, each of which generates different legal and tax consequences.
In today’s business environment, the role of accounting has become much more than establishing a historical financial record. Business owners and entrepreneurs now have to use accounting and financial processes to effectively, strategically, and ethically manage their business.
A&C offers telephone, e-mail, or one-on-one set-up, training, and consulting services in Sage 50TM/PeachtreeTM and QuickBooksTM. This service is performed at either your office or at A&C offices. Since A&C staff includes Certified Public Accountants, they are capable of solving your accounting and software problems while training you to be more efficient with your time and money.
Many small business owners realize that the demands of financial management keep them from building and managing their business. Engaging a part-time CFO/controller can be a cost-effective way to help you manage your business.
In a compilation engagement, the objective is to assist management in presenting financial information in the form of financial statements without undertaking to provide any assurance that there are no material modifications that should be made to the financial statements so they will conform to the acceptable financial reporting framework.
A&C will prepare the financial statements for the client using records and other information provided by management. Financial statements can be prepared in accordance with generally accepted accounting principles or a special purpose framework (i.e. cash or tax basis).