Accounting services provide a wide range of services to individuals and businesses. They have the skills to understand the financial obligations of clients and devise ways to minimize their tax burden and comply with all applicable laws and regulations. They are also adept at preparing the accounts payable for clients. The accounting services include in-house bookkeeping, client receivable processing and payroll administration. They provide a variety of related accounting services such as managing and administering the clients' tax obligations. Generally, accounting services include preparing financial records. These financial records comprise of information concerning the income and expenses of a business or organization. They also include other financial transactions made by the company such as sales or purchases, cash deposits or advances, and disbursements. Accounting services include general ledger, billing, revenue, information management, government systems, internal control and financial and software systems, among others. General ledger is the account relating to general transaction costs and receipts and payments. It includes bank reconciliation, income and expense reports, and updating and controlling of tax information. Billing is the process of collecting funds from customers for their respective payrolls and paying them accordingly. It is a process of collecting payments from the customer for the goods or services rendered to them on a periodic basis. Accounts payable comprise of the principal and interest payment made to the seller for goods purchased and for any other payments made. Another kind of accounting services is the process of transaction processing. This involves the collection and submission of payments to vendors and suppliers, recording the sale and purchase of goods by the company, and preparing financial statements for the year ended servicios contables. Transaction processing involves electronic or manual systems for the transaction processing including collection, submission and payment of payments. Some other accounting services include the preparation and submission of the quarterly and yearly income statements, government tax reports, and employee pension statements. The preparation of financial statements involves interpreting the financial documents such as income statements, balance sheet reports, statement of cash flows, and the income statement. Private non-profit accounting services involve the preparation and audit of financial statements and assurance reports for non-profit organizations. This service is usually performed by Certified Public Accountants (CPA) or Certified Public Accountants (CPA's) who have gained specialized training in public accounting. They can provide their clients with customized, comprehensive, and accurate financial statements. Apart from CPA's, there are many accounting services providers who offer this service. Examples of these service providers are PEO's (preferred provider organization) who offer their 'preferred' partners a range of accounting services, including accountancy services for small businesses, self employed people and mid-size companies. Payroll processing is one of the accounting services that most small businesses owners tend to ignore. Small business owners generally have limited staff and limited access to resources to manage payrolls. Hiring an accounting service provider that provides payroll processing can be an ideal solution. An accounting service provider will ensure accuracy of the payroll data collected, as well as provide the service of collecting payments from payroll recipient(s) and delivering the payments to the payees.