Are you a small business owner trying to understand exactly what “accounting” means, what you need to do and how to do it? If so, you can relax – you have come to the right place. We will provide you the guide accounting services you need while saving you time and money on the accounting help you need. We will also save you the time-consuming, yet necessary task of finding a reputable and qualified guide accounting professional with our screened prospects at absolutely no cost.

Human Companies, Inc. is a small business support group, based in Boston, which specifically focuses on providing free guide accounting services to small and medium sized business owners. We understand that IRS codes are not easy to understand and they are constantly changing so many small business owners opt to utilize the services of guide accounting professionals to manage their company’s books. We also provide guide accounting professional referrals.

Due to the fact that your company’s financial records are extremely important to your business on numerous fronts, from knowing how your business is doing financially to filing the necessary tax documents and paying the appropriate taxes on time, you will benefit from our guide accounting. For many small business owners, these are murky waters and a guide accounting life line is needed, especially if they don’t have an accounting background. Many times even popular accounting terms are unfamiliar and sound like a foreign language and guide accounting support is necessary to understand what these assorted terms mean.

Study Guide Accounting Terms

Sponsored by AccountantsGuaranteed.com, we understand that many small business owners need guide accounting services and accounting terminology can be confusing without guide accounting, especially for new business owners. Below is a brief introductory guide to accounting terms with simple explanations:

• Accounting – the term used for the handling, recording and monitoring of financial transactions
• Accounts Payable – unpaid bills (originally classified as a liability and when paid they become an expense)
• Accounts Receivable – money owed to the company
• Expenses – all costs of doing business
• Direct Costs – all directly related expenses in the manufacturing and delivery of services and products
• Overhead Costs – include administrate expenses (for example salaries, utilities, etc.)
• Financial Statements – the standardized manner in which a company’s financial information is presented so investors, mangers and lenders can assess the company’s performance. The following reports are included:
  • Balance Sheet – shows the company’s assets and liabilities
  • Assets – property owned by the company (building, machinery and inventory)
  • Liability – debts the company owes
  • Income Statement – shows the overview of income and expenses for a period of time showing net profit or loss
  • Cash Flow Statement – similar to an income statement however only cash transactions are accounted for – income earned but not received and expenses incurred but not paid are not included
• Payroll – the calculation and distribution of payroll and taxes
• Profit – the money left over from revenue once direct and overhead costs have been paid
• Revenue – earned income including investments and sales

There are many other terms that were not included in the guide accounting terms above. If you would like additional guide accounting support or guide accounting professional referrals, please contact us today. Our guide accounting referral team will match your business needs with a qualified, reputable and professional guide accounting expert.

Human Companies, Inc. offers no professional advice therefore no statement should be understood as such.