Accounting is more than just keeping track of financial loss and gain. There are many types of accounting but common confusion exists in understanding the difference between financial and managerial accounting.

The primary purpose of financial accounting is to calculate the profit or loss of a business during a period and provide an accurate picture of the business’s financial position as on a particular date.

Barter and Associates has decades of combined experience in providing accounting services to Moncton and the surrounding areas and is here to guide you through all of your financial needs.

The main difference between managerial accounting and financial accounting is how the information is intended to be used. Managerial accounting information is intended to help the organization’s managers make well-informed business decisions, while financial accounting provides financial information to parties outside the organization.

How should a business go about deciding which accounting style to use?

Barter & Associates offers business consultation services to help guide you through the process of choosing how you wish to manage your business finances.

What is the easiest accounting procedure for a small business to set up and use?

Barter & Associates is here to provide financial services to small businesses; however, if you are intending on managing your own accounting in-house, you may need some guidance on the accounting programs available. We can also teach you how to use the programs available so your small business can gain its financial freedom. We areQuickBooks ProAdvisor’s, Simply Accounting Partners, and Sage50 certified. We can guide you on which product best suits your needs as a small business to ensure your financial goals are met.

At Barter & Associates, we offer accounting, bookkeeping, and payroll services in the Greater Moncton Area which includes Moncton, Riverview, and Dieppe.