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Accounting professionals' standard accounting services include tax planning and consultation, controlling expenses and receipts, tracking revenues and fees, and much more. In addition, accounting is all about keeping efficient recordkeeping practices and creating accurate financial documents. While all accountants like do these things, there are specific tasks that only accountants specialize in, such as payroll, profit and loss analysis, purchasing trends, and business valuations. Accountants also prepare financial statements and perform other essential functions in the field of accounting. Let's take a look at some of the most common accounting services performed by accounting professionals.