Accounting and Bookkeeping Services in the USA

Why Does a Company Need Accounting and Bookkeeping Services?

Accounting is regarded as the language of business. Since its incorporation, a business passes through a lot of transactions. Bookkeeping is a simple way of recording these transactions and the accounting is a wider concept which deals with recording, classifying, interpreting, analyzing, reporting and summarizing these financial data. Any company, irrespective of its size and sector, requires accounting and bookkeeping services to understand its financial facets in a better way. Systematic accounting and bookkeeping services enhance the financial performance of a company.

Accounting Standards in the USA

The accounting standards in the United States are framed and regulated by various state, federal, and self-regulatory organizations. The standards are also influenced by practitioners from business, government entities and non-profit organizations. There are different types of accounting and auditing standards for the different sectors in the USA. The accounting practices followed by the companies and accounting firms in the USA are:

  • The companies in the states are allowed to use LIFO, an inventory-costing method
  • In the private sector, the financial reports are used to communicate to stakeholders about the resources, profit and loss, and the chances the business will survive for the long run
  • The companies and auditing firm in the USA follow the Generally Accepted Accounting Principles (GAAP)

Our Accounting and Bookkeeping Services in the USA

Business Setup Worldwide understands the importance of accounting and bookkeeping for an established business. We come with a broad range of accounting services that include:

  • Preparation of international tax structure
  • Bank reconciliation
  • Corporate secretarial services
  • Assistance in financial accounting
  • Company performance reviews
  • Maintaining financial, audit statements
  • Cash flow forecasting

Benefits of Availing Accounting and Bookkeeping Services

Let’s have a look at the benefits of availing accounting and bookkeeping services:

  • Transparent picture of business expenses gets highlighted
  • The financial budget can be easily created and controlled
  • The financial position of a company gets displayed
  • The financial decision-making of a company becomes easy
  • Identification of business malpractices becomes easy
  • It leads to an easy understanding of the business cash flow

Why Us?

Business Setup Worldwide is a management consultancy that helps foreign investors to establish or expand their company in USA.  We will take care of all support functions, so you can focus on achieving business objectives. Our experts will act as a guide in preparing and planning a financial framework that helps a company to gain stability in a foreign land. Apart from accounting advisory services, our experts also assist in clearing the legal proceedings to establish a business.