Do You Qualify for a Free Consultation With a Fortune 500 Analyst?
Meeting with talented entrepreneurs keeps us sharp. That’s why we make it a practice to sit down with a certain number of
business owners on a regular basis to assess their financial situation and make recommendations free of charge.
Yet because we only have a limited amount of time we do this, we have to be selective about who we do this for.
|EHPOWERRS Management Services Inc.
2273 McCoy Road; Suite B
Sun Prairie, WI 53590
Office: 608.295-8537 | Fax: 608.531-2604
|Copyright © 2017 - EHPOWERRS Management Services, Inc.- All Rights Reserved
FINANCIAL ACCOUNTING vs. MANAGERIAL ACCOUNTING
What's The Difference and Why is it Important?
bookkeeping. All of these duties are important and so is the tail on a dog! Just understand the tail does not the dog! It is important that you understand tax
accounting has very little to do with helping you run your business and everything to do with paying taxes and keeping the tax preparer's boss, the government,
Is Internal; its purpose is to help you operate and grow your business profitably.
For example The Five Key Performance Indicators, Cash Reports, Receivables, Payables, Profit and Loss, Balance Sheet, Job Costing, Job Profitability Analysis,
Business Process Management, The 80/20 Rule, M.A.P, Marketing, Accounting, Production, Sales, Invoicing, Payroll, when to grow the business, what markets to
serve, when to hire more people, loans, lines of credit, bonds, performance bonds, insurance cost savings, business planning and your overall construction
company business strategy.
Where We Come Thru
The best way to get a clear financial picture of your business isn’t to pit the two systems against each other (managerial accounting vs. financial accounting), it’s to
use them in tandem to gain insight into different parts of your business.
Think of each system as a side of your business’s financial coin. If you only ever looked at one side of that coin, your knowledge of the company would be
incomplete. Ideally, your business needs both sides — managerial accounting and financial accounting — to be successful!
Like most bookkeeping and accounting firms, WE PROVIDE...
- Account Reconciling
- Employee Payroll
- Paying Federal Payroll Taxes
- Paying State Payroll Taxes
Unlike most firms, WE ALSO PROVIDE...
- Profit Planning
- Accounts Receivables-Collections
- Profitability & Budget Reports
- Debt Management
- Credit Acquisition
On the surface, financial accounting vs. mangerial accounting may not seem like it’s relevant to your business. But pop the
hood, so to speak, and you’ll quickly see how the two types of accounting are different — and why both are extremely
important for your business.
Financial Accounting/Tax Accounting
Is External; its purpose is reporting income, preparing tax forms and making certain you pay your fair share of taxes.
For example Quarterly tax reporting, annual tax returns, state, county, city and local business and occupation taxes and
sales tax reporting.
Financial/Tax Accountants are good people and they have their place in the accounting world. Regular accounting and