Accounting Services

Tax Returns

We will raise your yearly tax returns and bring more income into your pockets

Mortgage Consulting

We will ensure that you receive the best rate for your mortgage

Book Keeping

We will manage your payroll & book keeping so you can focus on your business

How it Works?

Initial Consultation

When we begin working together we will go through your unique business together

Quarterly Meetings

To ensure that we are serving your best interests we will go through your account together every quarter

On-going Reports

We will send out ongoing reports that go over our services 

Frequently Asked Questions

What are the 5 basic principles of accounting?

Principles of Accounting are:
  • Revenue Recognition Principle
  • Historical Cost Principle
  • Matching Principle
  • Full Disclosure Principle
  • Objectivity Principle

What accounting services include?

Our accouting services are customized to your individual or business needs, but usually include one or more of the following services:

 

  • Financial statement preparation
  • Financial statement reviews & compilations
  • Income tax preparation & compliance
  • Income tax planning & consulting
  • Monthly, quarterly & annual financial reporting statements
  • Implementation of new accounting software packages
  • Bill paying services
  • Business management
  • Payroll & sales taxes
  • Business start-up consulting
  • Budgeting and forecasting
  • General business consulting
  • Employee benefits consulting
  • Accounting assistance
  • Bookkeeping
  • General ledger review
  • Financial assessment reports

    What are the golden rules of accounting:

    There are 3 Golden Rules of accounting, they are:

    • Debit the receiver, credit the giver.
    • Debit what comes in, credit what goes out.
    • Debit all expenses and losses and credit all incomes and gains.

    What are basic accounting services?

    Bookkeeping is the most basic accounting function. Bookkeeping involves tracking & maintaining a company’s financial records; this usually includes revenue & spending. 

    How much does accounting services cost per month?

    Accross the industry Accountants’ hourly rates are typically between $200 to $300 an hour. At OBS we stay competative and offer customized solutions to your accounting needs to keep our prices competative! Ask us for a free quote.

    What are the basic accounting procedures?

    There are eight steps of the accounting cycle that make up a full accounting procedure. These steps are as follows: identifying transactions, recording transactions in a journal, posting, the unadjusted trial balance, the worksheet, adjusting journal entries, financial statements, and closing the books.