1303 Companies Offering Accounting Services

Accountancy

There is nothing more certain in life than death and taxes, according to the old saying. While this ensures funeral directors are always in demand, so are accountants. Accounting is considered an information science, the aim being to record, store and summarise financial transactions. Your accountant will determine the wealth or otherwise of your company or business, and analyse your profitability and liquidity.

Accountancy allows you to take account of your business, and make decisions based on your financial performance. Without a detailed breakdown of how your business is performing, it is difficult to budget for all aspects of running your company, including marketing, research and development, and reinvestment.

Types of Accountancy

Accountancy can be broken down into several different subsections, including:

Public - Some parts of accounting are visible to everyone, including the general public. By law, Australian businesses must lodge a Business Activity Statement, or BAS, to the Australian Tax Office (ATO), in order to report their tax commitments and make payments.

Management - Accountancy also entails creating internal reports to help maintain financial health, known as management accounting. Reports include forecasts, budgets, selling price estimates and standards for controlling operations.

Bookkeeping – day-to-day transactions are recorded and kept in order to create annual records. The debits and credits must always balance into the accounting equation, and it is the role of your accountant to maintain your book keeping.

The Benefits of Using an Accountant

The Australian Accounting Standards Board (AASB) sets Australian Accounting Standards, which meet the requirements of the International Financial Reporting Standards (IFRS). These standards are legislative requirements, and are applied to all general purpose financial reports. Your accountant understands this, and ensures you meet the standards.

Various reports are used to monitor and record the company’s progress, such as statement of profit and loss, balance sheet, and assets and liabilities report. Balancing the accountancy equation can be complicated, but your accountant is experienced in all financial matters, and works with figures day in and day out. Understanding these reports is a specialised job that is best left to an accountant.

Accountants understand how organisations work, whatever the industry. With the help of your accountant, you can make forecasts about how your business will progress, allowing you to make further investment or tighten the belt if necessary.

Your accountant is a highly skilled professional, who wants to help you make a success of your business. So make sure your accountant is top of your Christmas card list this year!

Check out the lisintgs below to find a local company that can help with your accountancy needs.



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PO Box 353, HERVEY BAY, QLD

07 41242499

9,918.02 km away

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PO Box 919, HERVEY BAY, QLD Central, QLD

0741242088

9,918.20 km away

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53 Wellington Cres, HERVEY BAY, QLD

07 46628700

9,918.98 km away