Understanding Different Types of Accounting Services and What They Mean for You

A woman and man going over accounting documents in El Paso.

Are you looking into an accounting service but unsure which would work best for you? Did you know there are a few different services an accounting firm can offer you? Here, we will discuss the different kinds of accounting services and what they do. 

At Marcus, Fairall, Bristol + Co., located in El Paso, TX, we are a full-service accounting firm dedicated to giving professional help and financial planning. Whether you’re an individual client, a business, or a non-profit, our services will help you. For more information about what we provide, call us at (915) 775-1040 or contact us online

Services to Choose From

An El Paso accounting firm can offer a plethora of different services to help individual clients or small businesses stay on track with their finances. Our team of professionals can help you decide which service is best for you based on your situation. Here’s a list of the services our accounting firm can offer you. 

  • Bookkeeping- This keeps track of financial transactions as a whole and is an important part of any business. Bookkeeping provides financial records, monitors income, tracks spending, and prepares statements.
  • Bank Reconciliation- This process involves making sure the accounting records match the information on the bank statements. This is an important task as it ensures all financial records are accurate. 
  • Payroll- If you have employees, it’s essential to have an accounting firm handle payroll services. They typically use payroll software to calculate wages, taxes, and benefits. This is a time-consuming task, which is why most businesses seek the help of an accounting firm. 
  • Tax Accounting- This service will make sure you pay the correct amount of taxes and pay them on time. They can also provide advice on how to minimize the amount of taxes the company will have to pay each year. 
  • Forensic Accounting- This is when an accounting firm in El Paso is needed to analyze and investigate crimes and disagreements between parties. These accountants use their skills to audit, investigate, and detect potential fraud. They can also be called up as witnesses to testify. 

Our Trusted El Paso Accounting Firm

Marcus, Fairall, Bristol + Co., an accounting firm located in El Paso, provides multiple financial services for individual clients or small businesses. If you’re interested in receiving a free consultation, call (915) 775-1040 today.