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Financial and accounting services

The purpose of financial and accounting services is to provide relevant economic information to interested parties such as the IRS, creditors and investors, and also to provide information for internal decision-making. Internal accounting is known as managerial accounting or 'cost accounting'.

Typical financial and accounting services include business and individual taxes, bookkeeping, financial planning, IRS representation, transaction processing, fiduciary accounting and professional advice with accounting software. The level and depth of service differ depending on your needs and the type of accounting firm.

Finding the financial and accounting services that are right for you can be a daunting task. Recommendations from professional associates and personal contacts can be very useful, especially trade associates because then you will employ an accountant who will be knowledgeable in your industry.

Once you find a prospective financial and accounting service, it is important to ask the relevant questions. For example, the experience they have working with a business of your size, whether the service you will be receiving will be proactive and what level of support you can expect on a day-to-day basis. A full list of relevant questions to ask a prospective accountant is available on our FAQ page.

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