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  Hot Topics
 

Corporate Accounting
Investments Tracking
Taxes
Balance Statement
Financial Reporting
Annual Reports
Payroll Records
Auditing
Asset Protection
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Accountant Terms


  > Accounts Receivable
Amounts owed to a business that the business expects to receive.
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  > Account
A collection of financial information grouped according to customer or purpose.
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  > Blue Book
This is the term commonly used to describe the Government Finance Officers Association publication Governmental Accounting, Auditing and Financial Reporting. Initially, the blue book was the authoritative source for GAAP for state and local governments.
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   Accountant Terms and Definitions

 

Adult Protective Services (APS
Adult Protective Services includes the 24-hour, 365 days a year access to assistance and/or referral with reports of physical, sexual or emotional abuse, neglect by caretaker, self-neglect, exploitation and abandonment.

Cash Letter
A group of checks accompanied by a paper listing sent to a clearinghouse, a Federal Reserve Bank, or another institution. A cash letter contains a number of negotiable items, mostly checks, accompanied by a letter that lists the amounts and instructions for transmittal to another bank. May also be called a transmittal letter.

Invoice
A written record of a transaction, often submitted to a customer or client when requesting payment.

Accrual Method Of Accounting
Accounts for income and expenses in the 12-month period earned or incurred, which is not necessarily when it is received or paid.

Compliance Audits
Compliance audits are internal or external audits performed to evaluate whether systems or processes are designed and operating effectively to ensure compliance with pertinent laws, rules, regulations, and internal policies and procedures

Statement
A formal written summary of outstanding invoices.

Accounting
term that refers to the overall process of tracking your business's income and expenses, and then using these numbers in various calculations and formulas to answer specific questions about the financial and tax status of the business.

Bookkeeping
The task of recording the amount, date, and source of all business revenues and expenses. Bookkeeping is essentially the starting point of the accounting process. Only with accurate bookkeeping numbers can meaningful accounting be

Audit
A systematic review or examination of the assertions or actions of a third party to evaluate conformance to some norm or benchmark.

Balance Sheet
A statement listing a business's assets, liabilities, and net worth, or equity.

Contact our Mississippi Accountants


If you live in the following cities and need an accountant, you should contact our Mississippi Accountants as soon as possible:

  • Biloxi
  • Brandon
  • Brookhaven
  • Canton
  • Clarksdale
  • Cleveland
  • Clinton
  • Columbus
  • Corinth
  • Greenville
  • Greenwood
  • Grenada
  • Gulfport
  • Hattiesburg
  • Jackson
  • Laurel
  • Lucedale
  • Madison
  • Mccomb
  • Meridian
  • Natchez
  • Ocean Springs
  • Olive Branch
  • Oxford
  • Pearl
  • Philadelphia
  • Picayune
  • Ridgeland
  • Southaven
  • Starkville
  • Tupelo
  • Vicksburg
  • Yazoo City

       
 
Did You Know?    
 
 
You may want to hire one of the top accounting firms.
Some of the top accounting firms include KPMG/Peat Marwick, Ernst and Young, Arthur Andersen and Price WaterhouseCoopers amoung others.

 
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Latest News
  Latest accountant news in Mississippi and nationwide:

Aug 22, 2005 - The Respondent Worked For
By the time the respondent was hired, Fleming had already commenced, without court authorization, to use receivership asse...
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Aug 22, 2005 - Enzi Supports Employer Protection Amendment
Washington, D.C. - U.S. Senator Mike Enzi, R-Wyo., is cosponsoring an amendment with Senator Phil Gramm, R-Texas, to the P...
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The information provided on Mississippi Accountants.com is not intended to be accounting advice, but merely conveys general information related to accounting issues commonly encountered.

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