What is accounting?

Accounting is a service industry, wherein, information of
economic financial data is provided to interested parties.  
Economic changes are shown in the form of documents
known as financial statements.

In order to produce these documents, many organizations
hire accountants known as certified managerial
accountants or CMA's  to organize, control and produce
the financial statements required by management.  
Smaller firms or businesses will either hire a bookkeeper
or attempt to produce financial data on their own. The
major difference between an accountant and a
bookkeeper is that an accountant is highly trained and
more apt to be able to give sound financial advise.   
Now, understand not all accountants are good accountants, and the same for bookkeepers.  Some bookkeepers are more knowledgeable
and therefore able to give sound financial advice.  But remember, those individuals trained and educated in financial matters in most cases
are better equipped to understand that financial data.        

Learning
accounting or book keeping is a great way to gain financial control over your business. Most failed business owners had no
understanding of the basic knowledge of bookkeeping. Here at  
Accounting Solutions we highly recommend all our clients to learn the
basics, either by reading a basic manual on double entry accounting or by allowing us to guide them through the use of basic accounting
software.  Basic record keeping is a must for any business to succeed!

So choose what works best for your time frame.

  • Accounting 101 at the local University.   This course will teach you the basic of double entry
    accounting.

  • How-to-books on basic bookkeeping.  Only problem is no mentor.

  • Hire Accounting Solutions.  We will set you up with a bookkeeping software and teach you how to
    operate it.

  • or  Read about understanding accounting.  This is our E-Book. (click on link on left)
Our new office is in Machais, Maine. Our office in Searsmont, Maine is serving Belfast, Augusta, Camden, Rockland, Bangor,
Searsport, Ellsworth.  For service outside of Maine please contact us for accounting rates in your area.
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Downeast Accounting Solutions

Empowering Business Owner's To Make The Right Business
Decisions For Their Future
Serving the Down East Maine  area, we are a tax
and bookkeeping firm in Machias and Searsmont,
Maine.  Accounting Solutions specializes in
business and individual taxes and bookkeeping
and consulting we pride ourselves on the
responsiveness and quality of our firm's services.  
We've been serving individuals and business
owners alike for over 8 years and plan to continue
for many more years to come.

Accounting Solutions can help you save money on
your state and federal income taxes.  We
investigate and analyze every aspect of the tax law
to compute the best return for our clients.   
Our firm can also take care of your Bookkeeping and Payroll Services. In todays business world many
companies our experiencing difficulties in managing functions required to run their business efficiently.

Outsourcing of the Bookkeeping and payroll business functions is an excellent step to a cost effective
approach to achieve their business needs. Our firm can take care of all your bookkeeping and payroll needs, from
recording daily transactions, to filing your payroll tax returns.
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