
Frequently asked questions.
WHAT'S THE DIFFERENCE BETWEEN ACCOUNTING AND FINANCE?
Accounting is the recording, organization and aggregation of financial transactions. Finance is the management of money and includes activities such as investing, borrowing, lending, budgeting, saving, and forecasting. There are three main types of finance: Personal, Corporate and Public/Government. At FISCL our finance focus is Corporate.
References:
Accounting Definition: https://www.accountingtools.com/articles/what-is-accounting.html
Finance Definition: https://corporatefinanceinstitute.com/resources/wealth-management/what-is-finance-definition/
WHAT ACCOUNTING PLATFORM DOES FISCL PRIMARILY SERVICE?
Currently FISCL services are for businesses that utilize or want to utilize QuickBooks. As part of our future outlook, we are taking the steps to expand our knowledge and resources to provide accounting and finance services for clients utilizing alternative platforms (I.e. SAP, Oracle, Sage Intaact).
However, if your service inquiry is related to advisory (I.e. FISCL will be solely engaged to provide advice or recommendations), FISCL is available. Please contact us.
DOES FISCL PROVIDE SERVICES OUTSIDE OF SERVICES LISTED ON THE WEBSITE?
With the exception of audit and tax, FISCL can provide most accounting and finance related services. Our website lists our specializations but we have the experience and understanding to provide additional services. We stand by the quality of our work, so before engaging in additional services we will review our capacity and resources to determine if the opportunity will allow us to meet our quality requirement. For inquiries about additional services, please contact us!
DOES FISCL PROVIDE STAND ALONE SERVICES?
Yes, FISCL provides stand alone accounting & finance services, not including tax and/or audit. Please contact us to inquire about stand alone services
HOW MUCH ARE FISCL’s SERVICES?
FISCL utilizes a risk & value-based pricing approach. We do this to ensure each one of our clients receive fair pricing based on where they are in their business cycle. As complexity and transactions increase, we review our pricing & service structures. For pricing, please contact us and set up a consultation!
DOES FISCL PROVIDE AUDIT OR TAX SERVICES?
No, FISCL does not provide tax or audit services, however we have partnered with CPA firms that have the capacity, resources and qualifications to perform these services. Whether you are part of our program or not, we can introduce you to our audit and tax service providers.