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ACCOUNTING IS HOW YOUR BUSINESS RECORDS, ORGANIZES, AND UNDERSTANDS ITS FINANCIAL INFORMATION.
YOU CAN THINK OF ACCOUNTING AS A BIG MACHINE THAT YOU PUT RAW FINANCIAL INFORMATION INTO—RECORDS OF ALL YOUR BUSINESS TRANSACTIONS, TAXES, PROJECTIONS, ETC.—THAT THEN TELLS YOU A STORY ABOUT THE FINANCIAL STATE OF YOUR BUSINESS.
ACCOUNTING IS HOW YOU GET A CLEAR PICTURE OF YOUR COMPANYS FINANCIAL POSITION AND HELP DETERMINE ITS LONG TERM OUTLOOK AND NEXT BEST MOVE. AT LQ FINANCIAL GROUP OUR EXPERTS IN BUSINESS ACCOUNTING AND CAN GIVE YOU A CLEAR FINANCIAL PICTURE OF YOUR COMPANY AND HELP IT GROW TO ITS FULL POTENTIAL.
The accounting cycle is a collective process of identifying, analyzing, and recording the accounting events of a company. It is a detailed 8-step process that begins when a transaction occurs and ends with its inclusion in the financial statements.
These steps include recording journal entries, general ledger posting, calculating trial balances, making adjusting entries, and creating financial statements.
Bookkeeping is the practice of recording and tracking the financial transactions of a business. Bookkeepers regularly summarize this activity into reports that show how the business is doing. They may also perform wider tasks such as invoicing, paying bills, preparing tax returns, monitoring key performance indicators, and providing strategic advice.
CASH FLOW MANAGEMENT
Cash flow management is the #1 cause of business failure for small and large businesses alike. What comes in and goes out has a Major impact on the viability of your business. Our highly experienced Team of accounting and cash flow specialist make sure you have an accurate picture of your businesses financial position at all times.
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