Sign in to view more insights
Get insights to quickly find providers that fit your needs, view mutual connections, and contact them directly Sign in
Summary: With over 20+ years of experience in accounting including business and financial administration, my track record includes monitoring and processing payments, reconciliation, company expenditures and bookkeeping for corporate entities particularly those in the AEC (Architecture / Construction / Engineering) workforce. My versatile skillsets and organized work habit is valuable in a high-paced and systematic environment. Highly fluent in English and Spanish.
Providing services: Accounting, Financial Accounting, Financial Advisory, Tax Preparation, Non-profit Consulting, Tax Advisory, Business Consulting, Financial Reporting, Financial Planning, Financial Analysis
Summary: 🔍 Experienced CPA specializing in financial statement audits, reviews, and compilations for organizations across diverse industries including non-profits, mortgage lenders, franchising, distributors, healthcare, and insurance. 💼 Expertise in providing thorough and accurate assessments to ensure compliance and financial transparency. 📊 Skilled in business valuation due diligence, aiding companies in making informed decisions for growth and investment. 💰 Dedicated to optimizing tax preparation strategies for small businesses, maximizing returns and minimizing liabilities. Let's connect and streamline your financial success! 🚀 #CPA #FinancialServices #SmallBusinessAdvisor
Providing services: Financial Advisory, Financial Accounting, Bookkeeping
Summary: Highly motivated Accountant with 20 years of professional financial reporting, controller leadership, and financial accounting process improvement experience. Proven track record of driving complex financial reporting projects and consultative accounting management strategies.
Providing services: Project Management, Financial Accounting, Career Development Coaching, Executive Coaching, Negotiation, Public Speaking, Team Building, Training, Business Consulting, Educational Consulting
Providing services: Accounting, Financial Accounting, Financial Planning, Financial Reporting, Loans, Project Management, Data Entry, Data Reporting, Administrative Assistance, File Management
Summary: With a background in project management. I have over 8 years of experience in ensuring the highest quality standards and seamless project execution, I excel at identifying and resolving issues, enhancing process efficiency, and delivering exceptional results. My expertise includes developing comprehensive test plans, coordinating cross-functional teams, and implementing effective quality control measures. I am dedicated to continuous improvement and committed to delivering high-quality outcomes in every project I undertake.
Get insights to quickly find providers that fit your needs, view mutual connections, and contact them directly Sign in
Providing services: Accounting, Bookkeeping, Data Entry, Data Reporting, Small Business Tax, Tax Preparation, Financial Accounting, File Management
Providing services: Accounting, Financial Planning, Financial Accounting, Customer Service
Providing services: Financial Accounting, Financial Reporting, Financial Planning, Financial Analysis, Brand Marketing, Cloud Management, Business Analytics, SaaS Development, Ghostwriting, Information Security
Summary: I'm a versatile professional with a background in business administration and a keen interest in technology. I graduated with a Bachelor's in Business Administration from Harris Stowe State University and completed my Master's in Computer Science at the University Of North Georgia. I balanced academics with athletics during my undergraduate years, representing my university's soccer teams. Outside of my studies and sports, I've passionately pursued music under the alias 'HeartBreakKris,' accumulating over 1 million streams across various platforms since 2020. In my recent internship at JP Morgan, I played a pivotal role in overseeing client investment portfolios. My responsibilities included analyzing market trends, implementing asset allocation strategies, and managing investment risks. Additionally, I fostered strong client relationships by offering personalized investment advice and crafting comprehensive financial plans. My tenure at JP Morgan sharpened my skills in investment research, report generation, and collaboration with internal teams, reaffirming my commitment to excellence and client satisfaction.
Providing services: Technical Writing, Writing, User Experience Writing, Copywriting, Content Strategy, Editing, Ghostwriting, Grant Writing, Financial Accounting, Healthcare Consulting
Providing services: Accounting, Financial Accounting, Financial Analysis, Tax Preparation, Tax Advisory, Non-profit Consulting
Summary: Mr. de Armas has been serving local nonprofit organizations and family-owned businesses in South Florida for over twenty-five years. He began his career in 1995 as an Audit Staff at the same firm where he is was named partner. After almost 30 years of service a change was brewing and I decided to take two partners Alex Trujillo and Monique Bustamante and help create the premier Coral Gables Boutique full-service public accounting and advisory firm Garcia Santa Maria De Armas Trujillo PLLC. which serves charities, foundations, and local organizations with annual budgets from $50,000 to over $50,000,000. Mr. de Armas helped build a thriving Not-for-Profit Audit and Assurance Practice which today serves over hundreds of different and diverse entities ranging from churches, private and charter schools, children’s mental health providers, health and human service organizations, a food bank and distribution center, disaster relief foundations, arts and entertainment foundations, domestic violence prevention and young adult shelters, and so many more entities, rich in diversity of purpose and mission. Each one of the organizations the firm serves is provided with care and focused financial analysis to ensure their charitable mission continues. Tax, audit, and other assurance services are designed to make sure their impact will be meaningful and everlasting. Mr. de Armas and his staff take great responsibility over the interpretation and translation of financial results as an opportunity to communicate key financial performance measures to each member of management and those charged with governance. Pedro’s civic involvement includes serving on the Board of Directors of the United Way of Miami-Dade County and as past Co-Chair of the United Way Community Investment Committee and past Co-Chair of the Agency Audit Committee. His responsibilities included performing an analysis of the nonprofit agency’s annual financial statements and providing guidance and recommendations to improve and alert the United Way of the financial condition of the nonprofit organization.
Whether you run a boutique in Coconut Grove, own a bar in Wynwood or manage a showroom in Miami's Design District, the right financial accounting services can help ensure the financial health of your enterprise.
Chances are good you have questions about what a financial accountant does and what role they play in supporting companies, nonprofit organizations, and government agencies. You may also be wondering if you really need financial accounting services and what the difference is between financial vs. managerial accounting.
Here's everything you need to know about the principles of financial accounting, what to expect from financial accounting services, and most importantly, how hiring the right financial accountant could be one of the best investments you can make for your Miami business.
Financial accounting is one of four major types of accounting, the others being managerial accounting, tax accounting, and auditing.
All types of accounting deal with numbers, or more specifically, financial numbers. Accountants, often dubbed bean counters, are notorious for being laser-focused on details that those outside the profession might find boring, tedious, or even trivial. The fact is that accountants play a critical role in the success of everything from small owner-operated businesses to multinational corporations.
Financial accounting is the practice of collecting financial data and compiling that data into a report, spreadsheet, or statement. These statements can be created on-demand as needed, or on a daily, weekly, monthly, quarterly, or yearly basis. In general, financial accountants work with companies and organizations rather than individuals. If you've ever read an annual shareholder's report from a big corporation, a yearly update from a charity, a balance sheet, or a cash flow statement, chances are good they were prepared by either a staff or freelance financial accountant.
When answering the question, "what is financial accounting?," it can also be helpful to look at what financial accounting is not.
Financial accounting services don't provide financial forecasts — these services strictly compile historical data without offering any insights or projections regarding the future performance of their clients. That said, the information provided by financial accountants is widely used to help generate business valuations, secure investors and even determine the creditworthiness of a company. Investors and business owners alike rely heavily on the services of financial accountants when planning everything from corporate growth to capital investments, acquisitions, and mergers.
Financial accounting also tends to exclude work on taxes, as tax accounting is a specialized type of accounting that deals specifically with work that complies with IRS laws and requirements related to tax return preparation, tax planning, and audit representation. That's not to say that financial accountants aren't familiar with the rules and procedures around taxation, but it's not their area of expertise.
One of the hallmarks of financial accounting is that this branch of accounting uses double-entry bookkeeping, a fundamental accounting principle that has surprisingly deep historical roots.
Double-entry bookkeeping is based on the premise that every financial transaction has equal and opposite effects in at least two different accounts. This system includes built-in checks and balances to ensure that the numbers match up by recording all transactions as either debits or credits. A debit in one account reduces the credits in another account, and all the debits must add up to the total of all the credits and vice versa.
Because double-entry bookkeeping is highly accurate by design, this method produces financial statements that are exceptionally reliable and error-free. If there's an error in any financial statement, such as a missed credit or a debit that wasn't recorded, it's easy to spot and correct using the double-entry system. It's this accuracy that makes financial accounting incredibly trustworthy among business owners, creditors, and other stakeholders who count on the reports prepared by financial accountants to make important financial decisions.
One of the most interesting aspects of financial accounting is that double-entry bookkeeping has been around for centuries. Not only is this type of accounting incredibly accurate, but it's passed the test of time.
Luca Pacioli, a Franciscan friar and mathematician who worked with the renowned artist and inventor Leonardo da Vinci, is widely regarded as the father of double-entry bookkeeping. He described this method in his 1494 textbook, and while the tools of the trade have changed dramatically, those same methods continue to be used throughout the world to this day.
Despite the fact that all types of accounting use similar principles, there are some significant differences between the four largest branches of the discipline. Understanding these differences will help you find an accountant who's best able to meet the needs of your Miami business.
While most people understand that tax accounting focuses on preparing financial statements that comply with the Internal Revenue Code, also commonly referred to as the IRS code, there's often confusion when it comes to financial vs. managerial accounting.
Financial accounting services focus on collecting and compiling data in order to develop comprehensive, factual financial statements and reports on the business performance and financial health of the client, which is often a business, government agency, or nonprofit organization.
The reports and statements prepared by a financial accountant are usually geared toward an external audience, such as investors, industry regulators, and lenders. Financial accounting reports are standardized and regulated, given that the information these reports contain are subject to rules established and enforced by the Financial Accounting Standards Board (FASB), an independent, nonprofit regulating body established in 1973. The FASB's reporting standards are based on what's known as generally accepted accounting principles, GAAP, which dictate how businesses, charitable organizations, and governments should compile their financial statements.
By comparison, managerial accounting aims to generate financial reports and statements that are largely used internally. Although there's often an overlap between the data collected by financial accountants and managerial accountants, since managerial accounting reports are strictly in-house documents, there's no standardized rules or guidelines regulating those reports. As a result, there's a great deal of discretion involved with managerial accounting, as each company is free to use whichever accounting system and set of rules they prefer. While this might sound convenient, it can lead to costly inconsistencies around accounting methods.
Another notable difference between financial and managerial accounting is that managerial accounting focuses on historical data in order to generate financial forecasts, while financial accounting is completely historical. Managerial accountants work to project financial trends to help guide business decisions, while financial accountants stick to the known facts.
It's also important to know that financial accounting can be done using either the cash method of accounting, the accrual method, or a combination of both. Cash accounting only records transactions that have been finalized with the exchange of cash (or the equivalent) for products or services. Under cash accounting principles, revenues are only recorded once the payment is received and expenses are recorded once the debt is paid.
One notable distinction between accountants and bookkeepers is their professional designations. For the most part, bookkeeping is largely unregulated — anyone can call themselves a bookkeeper, advertise their services, and take on bookkeeping clients. This is perfectly legal, but it falls short of what many companies, creditors, and investors need in terms of financial accounting.
As a business owner, manager, or partner in Miami, you might be wondering if you need to hire a financial accountant. After all, there are plenty of options when it comes to online, do-it-yourself bookkeeping services, and many of those services, programs and apps can be valuable tools for day-to-day tracking of your corporate expenditures and revenue.
Although there are many bookkeeping tasks you can likely tackle yourself, the fact is that any time you spend dealing with your own accounting is time you take away from actually running your business. After all, if you wanted to spend your days crunching numbers, reviewing financial statements and creating reports for creditors and investors, you likely would have pursued a career as an accountant.
You might be surprised at the scope of practice of financial accountants and the ways that financial accounting services can add real value to your Miami business. Here are just a few examples of what a financial accounting services expert can provide to you and your company:
Bringing a financial accounting service onboard is a great way to ensure your company books are in order. These professionals know how to make sense of complex loan statements, identify irregularities in your cash flow, and even help you track down delinquent accounts and overdue payments. A financial accountant will give you a clear, unbiased snapshot of how your business has performed financially, and that can help guide your future business plans.
Retaining the services of a financial accounting professional is a must if you're in the market for business financing from a credit union, bank, investment firm, or government program. The right accountant instantly adds credibility to your loan application by ensuring all the reports and documentation are presented to potential lenders in a way that meets, or even exceeds, industry standards and expectations.
Even if the lender doesn't expect you to provide a complete double-entry accounting of your financial status, submitting professional, accurate, and verified financial statements with your loan application can go a long way toward building trust with potential lenders and investors. Accountants can work with you to craft a compelling financing proposal that lets creditors know you're a professional who they can trust with their money.
Thinking of passing on the family business to the next generation? Getting ready to sell your company?
If a change in business ownership is in the foreseeable future, the right accounting service can compile the information you need to accurately value your enterprise. Not only is this important from a taxation standpoint but it can give you a clear, unbiased picture of how your company has performed — a critical factor when pricing your business for sale.
Need a Chief Financial Officer, but can't quite justify the costs of expanding your lineup of c-suite executives? Consider contracting with a financial accounting service instead of recruiting a full-time, in-house financial executive.
Outsourcing financial accounting duties makes sense for most companies. This approach allows businesses to access the financial services they need from a top-tier industry expert, without incurring the extra costs associated with traditional hires.
While it's not the first thing that comes to mind for many managers when they ask, "what does a financial accountant do," there's a growing trend towards lean business practices that focus on purchasing services on an as-needed basis. Virtual CFOs can be contracted to prepare specific documentation, such as quarterly reports and stockholder updates on an as-needed basis, and these services can be quickly scaled up or down as required.