Corporate Accounting
Investments Tracking
Taxes
Balance Statement
Financial Reporting
Annual Reports
Payroll Records
Auditing
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AccountantTerms
> Bookkeeping
The task of recording the amount, date, and source of all business revenues and expenses. Bookkeeping is essentially the starting point of the accounting process. Only with accurate bookkeeping numbers can meaningful accounting be
> Cash Letter
A group of checks accompanied by a paper listing sent to a clearinghouse, a Federal Reserve Bank, or another institution. A cash letter contains a number of negotiable items, mostly checks, accompanied by a letter that lists the amounts and instructions for transmittal to another bank. May also be called a transmittal letter.
While most people regard accounting as boring and tedious work, it's arguably the most important part of running a business. Maine accountants keep track of what money is coming in and what money is going out. But if your company gets stuck with a disgruntled or corrupt employee, you can find that the business could be owing money to the government and that it's in worse financial shape than it is on paper. With the help of an accounting professional in Maine, you could straighten everything out quickly.
[2] Excludes excise taxes collected,[3] Includes tax-exempt organization,[4] Collections of tax (withheld and not withheld) [5] Includes estimated tax. [Money amounts are in thousands of dollars] in Maine
Total Internal Revenue collections [2]
5,569,688
Corporation income tax [3]
469,481
Total [4,5]
4,813,532
Income tax not withheld and SECA tax [4,5]
1,238,779
Induvidual income emploment taxes withheld and FICA tax [4]
3,544,968
Source: Internal Revenue Gross Collections, by State, Fiscal Year 2001
Accountants are responsible for a wide variety of duties. They make sure that a company is run efficiently, that records are kept accurately and that taxes are paid on time. Generally, accountants will prepare, analyze and verify financial documents.
There are four types of Maine accountants:
Public Accountants
Management Accountants
Government Accountants
Internal Accountants
Each accountant specializes in one particular field to provide specialized services for a company or for private clients. Their expertise is especially important at large public companies who are forced to disclose their financial status to investors or the Securities and Exchange Commission. But if the government discovers discrepancies in a company's financial records, the company and its executives could be in some big trouble: They could face hefty fines and jail time.
Our Maine Accountants can guide you through many circumstances arising from starting your own business and also assist you with all of your tax questions.
Some typical issues Maine Accountants may help you with include:
Auditing
General Accounting
Business Matters
Financial Planning
Mergers and Acquisitions
Contact our Maine Accountants
If you live in the following cities and need an accountant, you should contact our Maine Accountants as soon as possible:
Auburn
Augusta
Bangor
Biddeford
Brunswick
Lewiston
Portland
Saco
Sanford
Scarborough
South Portland
Waterville
Westbrook
Windham
Did You Know?
There are different types of accountants.
Accountants specialize in a variety of fields including, but not limited to, audit, budget analysis, financial, management and tax accounting.
Maine Audio & Video
Accounting Standards
Audio, RM, 32 Kbps, 3:30, 1/16/2002
Bob Edwards talks with Chuck Landes, Director of Audit and Attest Standards at the American Institute of Certified Public Accountants. Source: National Public Radio
Maine External Sites
Department of Audit: The Deputy State Auditor
The Maine Department of Audit conducts the Single Audit of the State of Maine ... public accounting firm; Internal Auditor for a group of banks in Ma Senior Staff Accountant (July 1, 2004)
State of Maine Seal. Career Opportunity Bulletin Senior Staff Accountant. CODE: 033000 PAY GRADE: 23 ($31470.40 – 43118.40/yr.) ...
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Latest News
Latest accountant news in Maine and nationwide:
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Legal Disclaimers The information provided on Maine Accountants.com is not intended to be accounting advice, but merely conveys
general information related to accounting issues commonly encountered.
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Corporate Accounting 
US Possessions tax credit, regardless of
Did You Know?
Department of Audit: The Deputy State Auditor