We will raise your yearly tax returns and bring more income into your pockets
We will ensure that you receive the best rate for your mortgage
We will manage your payroll & book keeping so you can focus on your business
How it Works?
Frequently Asked Questions
What are the 5 basic principles of accounting?
- 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
- 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.