When it comes to keeping up with the demands of running a business,
every trade needs an approach that fits it's needs. Our accountants specialize in determining, providing, and customizing the best service options for each client to ensure efficiency for their business.
Accounting Alternatives hold a renowned reputation among a number of professional organizations in their field and within Southwest Michigan. Our family owned and operated firm assists an array of personal clients and small businesses in tailoring a budget appropriate plan for their goals and purposes.
Due to the significant cost difference between bookkeepers and accountants, most small operations opt for a bookkeeper to handle their company's day-to-day tasks. Later, an accountant is sought for a review of the business's books and data to process the year-end documents and reports in order to keep costs low.
With a quality accounting service, your small business will have the support
to deal with compliance issues and have the right information to run efficiently. We'll also direct you to accounting service options you may need but haven't thought of, including but not limited to:
Monthly Balance Statements
Profit & Loss Statements
So what's the difference between each service?
Accounting and Bookkeeping
Accounting and Bookkeeping combines and balances both services to ensure consistency in tax filing and/or financial records. Accounting is the process of analyzing your business data. Bookkeeping tracks and organizes all relevant documentation and data. Their powers combined results in an ultimate duo to handle any size of business.
Accountants review your Balance Sheets, Profit & Loss statements and financial reports and prepare the closing of your books used to prepare your tax return. They review books (yearly and quarterly) to look for errors or issues and advise on how to resolve them before they cause costly problems.
Bookkeepers track and organize daily financial transactions such as data entry, accounts receivable and payable, payroll, and quarterly tax prep. Bookkeepers also prepare financial reports such as Profit and Loss Statements (P&L) and Balance Sheets.
(Certified Public Accountant)
CPA's represent you and/or your business to the IRS, perform audits, reviews and compilations, and certify necessary papers and documents for banks and other interested parties.