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What are the benefits of using an accounting firm as opposed to a personal accountant?
Wiki User
∙ 12y ago
The benefit of using an accounting firm is that they are able to provide services for more than one company. A private accountant is limited to helping one company and may be less available.
Wiki User
∙ 12y ago
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What is the difference between nonpublic accounting experience and public accounting experience?
Non public accounting means working in a company , as an internal auditor/accountant as opposed to an external auditor/ accountant providing contracted services. Public accounting experience means working in a cpa firm and providing auditing/ tax/accounting service to various clients.
What is the accrual basis method?
accrual basis method of accounting is when an accountant records revenues when earned and records expenses when incurred. as opposed to the cash method where an accountant records revenues when received and records expenses when paid.
For what services one should hire a virtual accountant?
In this competitive world, a businessman can have trouble managing the endless to - do lists with a few staff members and resources. To ease the stress of handling the company's accounts, a businessman may figure out whether to employ an in-house accountant or take advantage of a virtual accountant. The idea of virtual accounting is highly effective and cost-saving as opposed to internal management of the accounting process. This allows companies to deal with their accounting and bookkeeping needs without employing a full-time accountant. Here are some of the important tasks handle by your virtual accountant. · Bookkeeping · Payable and receivable accounts · Banks, credit card and loan accounts conciliation · Payroll processing · Tax preparation · Financial statements preparation · Management reporting · Financial analysis · Any other tasks which can be handled by your in-house accountant
What does P.C. stand for after an accountant or cpa's name?
Professional Corporation, that is their form of legal entity, as opposed to Inc. or LLC
What is the difference between international financial report as opposed to the public sector accounting?
your nan
What is an application of accrual accounting?
An application of accrual accounting is the notation of expenses as opposed to revenue earned in the same period. Revenue is only shown when it is realized or expected. In accrual accounting assets minus liabilities equals revenue.
What is the opposite of benefits?
The opposite meaning for the word "benefits" can be detriments, drawbacks, harm or liabilities. Anything that is negative as opposed to positive can be interpreted as an opposite to benefits.
What are the benefits of going through an independent contractor?
When working through an independent contractor, as opposed to a corporation or larger entity then an individual, you can be assured a personal relationship with the contractor through the duration of the project. This is usually more difficult in a corporate contracting environment.
What is the meaning of a self certificate mortgage?
Simply put, a self certificate mortgage is a mortgage granted on an employee's statement of income as opposed to their employer's or accountant's statement of income.
What is a personal use aircraft?
An aircraft (plane, etc) that is used for personal reasons, as opposed to commerial reasons (to make money).
What are the benefits or negative aspects of a steel case as opposed to plastic?
Plastic is lighter.Steel has no real benefits over the best types of plastic which will be just as durable.
What is the opposite of benefitted?
The opposite meaning for the word "benefits" can be detriments, drawbacks, harm or liabilities. Anything that is negative as opposed to positive can be interpreted as an opposite to benefits.
