Accounting services refers to involve the maintenance of accounting records or the preparation of financial statements that are then subject to audit.
There are a lot of different types of accounting services that accountants perform. Such as accounting tax service, Accounting Audit Services, Accounting Bookkeeping Services, and Internal Auditors. First the accounting tax service is an accountant who does tax. When you are looking for accounting services that deal with taxes is to ask the accountant if he/she specializes in individual taxes or corporate taxes or both. Some accountants may be experts in individual taxes, and they may not have the foggiest idea about corporate taxes and vice versa. Make sure you know what you need, when hiring/looking for tax accounting services. Secondly is Accounting Audit Services. The auditing field of accounting is probably larger than the tax field. Accounting services in this field consist of making sure that the financial information that a public company releases is in accordance with Generally Accepted Accounting Principles. Note that private companies often want their financial information audited as well. Third is Accounting Bookkeeping Services, this type of service usually consists of the accountant keeping track of purchases, sales, investments, cash, etc. These services can be performed with a pencil and paper or they can be performed with accounting software. Not trying to slight bookkeepers, but it doesn't require a lot of effort to do this type of work because the software keeps track of everything for you. If you are looking to hire an accountant for this type of service, don't offer to pay too much and consider doing it yourself if you are really on a tight budget. Next is Managerial Accounting Services This type of accounting service provides a lot of value, but it is often overlooked. Management accountants work within the company trying to track important information that will help upper-management make key decisions on how to run the company. After years of staring at financial information, it turns out that accountants are pretty good at dissecting the information and making good decisions for the company. This type of accountant can often offer consulting services that may spice up your business. Lastly Is Internal Auditors. These accountants offer a lot of different types of accounting services for the company. Their roles may include bookkeeping, decision-making, taxes, and more. However one of their main roles is to work with the auditors that come in to make sure that your company's financial information is correct. They try to keep the company honest all year and they work with the Board of Directors and the external auditors to ensure that the financials are presented fairly.
Of course there are more than these accounting services out there. Here are just some common examples of accounting services.
