Accounting is the systematic and comprehensive recording of financial transactions pertaining to a business, and it also refers to the process of summarizing, analyzing and reporting these transactions to oversight agencies and tax collection entities. Accounting is one of the key functions for almost any business; it may be handled by a bookkeeper and accountant at small firms or by sizable finance departments with dozens of employees at large companies.
Through procedures such as bookkeeping, calculating and reporting, accounting can comprehensively reflect the financial status and operational results of your enterprises. Professional agency bookkeeping service not only saves costs but also ensures compliance with accounting standards. In addition, such service also helps improve business management and profitability through professional analysis and suggestions made based on relevant information.
The accounting professionals of Tannet have commendable occupational integrity and prudent account-processing skills. We can design and implement the best service plan which meets the accounting standards through our thorough understanding of client's business, in order to enable client to focus on their core business development as well as save operational costs.
Purpose of Accounting
To provide the accounting messages, such as enterprise’s financial status, operational result and cash flow, etc., to users of financial report, in order to reflect the execution situation of fiduciary responsibility of enterprises management staff and help the users of financial report to make economic decision.
Accounting has several subfields or subject areas, including financial accounting, management accounting, auditing, taxation and accounting information systems.
1. Financial accounting: focuses on the reporting of an organization's financial information to external users of the information, such as investors, potential investors and creditors. It calculates and records business transactions and prepares financial statements for the external users in accordance with generally accepted accounting principles (GAAP).
2. Auditing: is the verification of assertions made by others regarding a payoff, and in the context of accounting it is the "unbiased examination and evaluation of the financial statements of an organization".
3. Taxation: A tax is a mandatory financial charge or some other type of levy imposed upon a taxpayer (an individual or other legal entity) by a governmental organization in order to fund various public expenditures. A failure to pay, or evasion of or resistance to taxation, is punishable by law.
Tannet’s Accounting Services
Bookkeeping Service;
Establishment of Accounting Policy;
Compilation of Financial Statements;
Inventory Management;
Cost Control;
Establishment of Internal Accounting Checking System.
Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website english.tannet-group.com, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.
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