> 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. Rhode Island 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 Rhode Island, 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 Rhode Island
Total Internal Revenue collections [2]
8,257,511
Corporation income tax [3]
2,073,082
Total [4,5]
6,031,119
Income tax not withheld and SECA tax [4,5]
1,329,776
Induvidual income emploment taxes withheld and FICA tax [4]
4,673,056
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 Rhode Island 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 Rhode Island 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 Rhode Island Accountants may help you with include:
Auditing
General Accounting
Business Matters
Financial Planning
Mergers and Acquisitions
Contact our Rhode Island Accountants
If you live in the following cities and need an accountant, you should contact our Rhode Island Accountants as soon as possible:
Barrington
Bristol
Central Falls
Coventry
Cranston
Cumberland
East Greenwich
East Providence
Johnston
Lincoln
Middletown
Narragansett
Newport
North Kingstown
North Providence
Pawtucket
Portsmouth
Providence
Riverside
Tiverton
Wakefield
Warwick
West Warwick
Westerly
Woonsocket
Did You Know?
You may want to hire one of the top accounting firms.
Some of the top accounting firms include KPMG/Peat Marwick, Ernst and Young, Arthur Andersen and Price WaterhouseCoopers amoung others.
Rhode Island 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
Rhode Island External Sites
Rhode Island Licensed Occupations AL
ACCOUNTANT, CERTIFIED PUBLIC. Prepares, analyzes and verifies financial reports ... If not a resident of Rhode Island, must hold current registration Rhode Island Licensed Occupations
They have been summarized for this list of Rhode Island Licensed Occupations and some ... Accountant, Certified Public. 13-2011. Acupuncture Assistan
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Latest News
Latest accountant news in Rhode Island and nationwide:
Jul 31, 2006 - FASB To Simplify Accounting For Separately Recognized Servicing Assets And Liabilities
The FASB today issued Statement of Financial Accounting Standards No. 156, Accounting for Servicing of Financial Assets. T... Read more >
Jun 28, 2006 - International Accounting Standards Committee International Accounting Standards Committee
The Trustees of the International Accounting Standar... Read more >
Aug 22, 2005 - The Respondent Worked For
By the time the respondent was hired, Fleming had already commenced, without court authorization, to use receivership asse... Read more >
Legal Disclaimers The information provided on Accountant Rhode Island.com is not intended to be accounting advice, but merely conveys
general information related to accounting issues commonly encountered.
Corporate Accounting 
US Possessions tax credit, regardless of
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Rhode Island Licensed Occupations AL