What Do Accountants Do At Accounting Pro?
Many people believe that accountants simply fill out forms at the end of each year and charge a hefty sum for their number-crunching services. While it’s true that accountants must deal with figures and statistics based on numerical formulas, they are also concerned with the commercial core of a person’s or organization’s survival in a competitive environment. Accounting comprises the backbone of every business; without it, a business is susceptible to financial failure.
Every business, whether a Chinese restaurant, local dry cleaner, multi-national corporation, or non-profit charity
depends upon accounting. The art of accounting consists of maintaining each client’s financial records, while examining statements to ensure their accuracy. One of the primary duties of accounting is to make sure that the customer’s documents are accurate and up to date. Consequently, individual accountants must participate in a wide range of administrative tasks.
This holds true for accountants at Accounting Pro, who have to keep track of how much money an organization earns, spends and owes. These sums are crucial to the customers, since any miscalculation could put them out of business. There are also routine and ordinary duties which are part of the accountant’s job that include: sorting paper documents and digital databases, typing and filing reports, creating financial spread sheets and printing and copying vital economic statistics.
At Accounting Pro an everyday job consists of handling accounts payable and receivable, payrolls, balance sheets, and functions related to credits and debits. Our staff makes sure that statements and records comply with laws and regulations. The accountants involved are detail-oriented with a high level of proficiency in numbers and statistics. Efficient on-the-job performance is necessary, because of high volumes of data and complex formulas that may have to be used to calculate specific figures.
Our staff consists of keen, meticulous, mathematically oriented individuals who excel at keeping track of the smallest details. They have a knack for money matters and can monitor financial resources to check for fraud or intentional misuse of funds. They also develop new methods to reduce unintentional waste of financial resources.
The methodology used by Accounting Pro combines modern, state-of-the-art technology with a time-tested, traditional “Accounting Cycle” which includes:
- Analyzing and measuring transactions
- Recording transactions in a journal
- Posting information from the journal to a ledger
- Formulating an unadjusted trial balance
- Arranging adjusted entries
- Making up an adjusted trial balance
- Organizing financial statements
- Presenting closing entries
Preparing taxes is another function of our accountants, who have practical experience in the areas of business finance and tax reduction. Our staff is aware of legal methods that can be used to reduce the amount of taxes paid. They compute taxes owed and ensure prompt payments. In addition to figuring out how much you (or your company) owes the government, Accounting Pro prepares the actual tax return and makes sure the documents are filed on time, so that no legal penalties are incurred.
However, Accounting Pro only develops a strategy for decreasing taxes if the guidelines are ethical and compliant
with the law. We have a wealth of experience in this process and carefully inspect all accounting books and systems, while organizing financial records. Our specialists also make sure that our customers are registered with the appropriate government agencies, so we can deal with them on the customer’s behalf concerning any changes in current financial accounts or regulations.
In addition, we set up new businesses for our clients, avoiding any potholes or hazards along the way. Agents from Accounting Pro also act as financial advisors to executives, offering strategies that cut costs and gain profits. Like many accounting firms, we specialize on the client’s specific needs and requirements. Our analysts work to improve efficiency where money is concerned and make experience-based suggestions to reduce costs, enhance revenues, and improve profits.
Accounting Pro experts sometimes work behind the scenes in large financial transactions. But thanks to modern “cloud- based” technology (smart phones, computers and the web) they also work in offices, at home, or if required, travel to a client’s workplace. In that role they help managers conceive new goals and take steps to achieve them. Our agents are also linked to consultants and contractors in the U.K. and the U.S.
and specialize in support to contractors, small businesses and freelancers.
If you’re seeking assistance from a highly professional, experienced accounting firm, join us at Accounting Pro. We
welcome your business.
Accounting Pro is Ireland’s premier contractor accounting service. We are here to help, the busy contractor and company, with all your accounting and payroll needs. We are both an umbrella company and umbrella corporation and we can create your limited company. We are experts in contractor pensions, contractor health insurance, illness and sick benefit for the self employed and contractor expenses. To learn more about what we do please review https://www.accounting-pro.ie/ and contact us by email: email@example.com or phone us 01 6933370. For the UK see Accounting-Pro UK. “Double Award Nomination for Accounting Pro” is an article written by Accounting-Pro Ireland for the benefit of everyone. Feel free to share it but please give attribution on a CC BY-SA license.