In order to master the accounting profession one needs to know the theory of accounting, as well as overall theoretical, methodological and practical basis of his organization. The main objective of accounting is to form a complete and accurate information (financial statements) on the activities of the organization and its property status, whereby it is possible to:

* Prevent negative results of economic activities of the organization
* Identify intra-reserves to ensure financial sustainability of the organization
* Control business transactions
* Control the presence and movement of assets and liabilities
* Control the use of material, labor and financial resources
* Monitor compliance of the approved standards, specifications and estimates

Accounting education is a great foundation for future job prospects. Accounting degree requires one to have a methodical approach, be attentive to details and to be considerate.

There are four major areas where the perspective accountant can study:

* Management accounting,
* Public accounting,
* Internal audit.

Accountants tend to specialize in specific areas of accounting, although primary education accounting generally cover most areas, so students can get a better idea of what they might want to focus on. Courses can include training on finance, information systems, international business, economics, management accounting, forecasting, regression analysis, financial reporting, financial reporting, tax law and tax planning, mergers and acquisitions, compensation, forensic accounting and bankruptcy.

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Star Tax Accounting can provide you with aging reports and track both your accounts receivable and payable by accurately inputting and recording data; ensuring money owed to your business and your expenses are paid on time. In regards to your receivables, we will track invoices and credit notes issued to your customers and deduct their payments; making adjustments as needed. When dealing with your accounts payables, we will track your payment liabilities. Including, but not limited to, both your payroll taxes, and normal business expenses.

Star Tax Accounting can reconcile your bank, credit card, line of credit, loan accounts, even your merchant credit card account on a monthly basis. If you need to know exactly how much money you have on any given day we can do that to with online banking access.

Star Tax Accounting can prepare and process your employment tax forms both federal and state, also referred to as quarterly reports, Washington State Excise Tax, and City B & O Tax forms. If you choose to do “in-house” payroll we can assist you in gathering the information needed to complete the forms.

Financial Statements & Reports

Financial reports are vital to running a thriving business. Reports can show which items/services are selling and which are not, or whether you had a profitable month, quarter, or year. Star Tax Accounting provides the Financial Reports you need to make informed decisions. The most common reports are Income Statement (also known as a Profit and Loss) and Balance Sheet. We can customize many of the reports within QuickBooks to your particular needs.

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