Frequently asked question:
Here are some common mistakes that people make while working in accounting-
• Some people fail to keep their accounting books up to date which needs to be avoided
• Manual accounting can lead to calculation errors
• Mixing a personal account with a professional account of the company
• Lack of a backup and misallocation of resources are some common mistakes that need to be avoided
• Lack of communication between the accountant and the company
• Some people fail to keep their accounting books up to date which needs to be avoided
• Manual accounting can lead to calculation errors
• Mixing a personal account with a professional account of the company
• Lack of a backup and misallocation of resources are some common mistakes that need to be avoided
• Lack of communication between the accountant and the company
Most companies think about hiring an accountant when payroll or taxes become too complex. Accountants can help a company deal with federal and income tax preparation, catch-up and clean-up, bank reconciliation, revenue and expense management & small business accounting.
Accounts payable refers to the sum of money a firm owes to buy goods and services on credit from either a vendor or supplier. It is a liability. Accounts receivable on the other hand refers to the amount that has to be collected by a company to sell goods or services on credit. It acts as a company’s asset.
Ask the CPA how much can he or she help you to save. For instance, if a CPA charges you $175 and saves $10,000 but another CPA charges $225 but helps you save $20,000, which is the better deal?
Thankfully, at MEPA Accounting you won’t have to make a choice. We are one of the most affordable accounting firms in USA. We ensure sustainable growth of your business along with shrinking tax bills.
Thankfully, at MEPA Accounting you won’t have to make a choice. We are one of the most affordable accounting firms in USA. We ensure sustainable growth of your business along with shrinking tax bills.