Account Glasgow - Award-Winning Accountants in Glasgow
In the field of accountancy in Glasgow, we cover a broad spectrum of financial activities and practices, mainly focused on the recording, classification, summarisation, interpretation, and communication of financial information. Our expertise ranges from basic bookkeeping to complex financial analysis and decision-making.
In our practice, we adhere to the generally accepted accounting principles (GAAP) as a solid foundation for consistency and reliability. Among the key principles are:
Accrual Accounting: We record transactions when they occur, not necessarily when payment is made or received.
Consistency: We maintain uniform accounting methods and procedures over time. This ensures comparability of financial information between different entities and accounting periods.
Prudence: We exercise caution in financial reporting to avoid overstating profits or understating liabilities.
Going Concern: We presume that an organisation will continue operating in the foreseeable future, unless evidence suggests otherwise.
Relevance and Reliability: We prioritise the provision of useful, timely, and accurate financial information to stakeholders.
Roles of an Accountant
As accountants in Glasgow, our responsibilities encompass multiple aspects of financial management, some of which include:Get Started
Financial Reporting: We prepare and present financial statements, such as balance sheets and income statements, which reflect the financial position and performance of an organisation.
Internal Control: We establish and maintain internal control systems to safeguard assets, ensure accuracy of financial information, and support operational efficiency.
Tax Planning and Compliance: We minimise tax liability by identifying tax-saving opportunities and ensuring compliance with applicable taxation laws and regulations.
Budgeting and Forecasting: We develop financial plans and projections to guide the organisation in achieving its goals and objectives.
Audit and Assurance: We evaluate an organisation's financial records, operations, and systems to provide confidence in the reliability of financial information and the effectiveness of internal controls.