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What do trips to Las Vegas, expensive tickets to sporting events and concerts and luxury vehicle purchases have in common? While there is a lot of useful information in the accounting records, there is also a lot of evidence that is contained outside of the debits and credits of the generalledger. You Will Be Involved.
In general, business accounting is the process of organizing and analyzing a company’s financial information to plan and advise on taxes, file taxreturns, make forecasts, and help with data-driven financial decision making. Set up a generalledger. Let’s look at them in more detail.
Personal income taxreturns (Form 1040) for the last 5 years, including any amended returns. W-2 and/or pay stubs for all years for which personal income taxreturns have not yet been completed or filed. Copies of personal financial statements prepared for any purpose in the last 3 years.
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