Accounting

Accounting is the more analytical and subjective function that uses the information provided by bookkeepers to offer strategic insights. 

• Financial analysis and interpretation: Accountants examine financial data to evaluate a company's financial health, performance trends, and growth patterns.
• Financial reporting: They prepare and compile formal financial statements, such as the income statement, balance sheet, and cash flow statement, for internal and external stakeholders.
• Tax planning and preparation: Accountants calculate and file tax returns, offer strategic tax advice to minimize liabilities, and ensure compliance with tax laws and regulations.
• Budgeting and forecasting: They help businesses create and manage budgets and develop future financial projections to optimize resources.
• Auditing: Accountants review financial records to ensure accuracy, compliance with regulations, and prevent fraud.