Most business owners generally have the necessary skills to operate their business, but are not as knowledgeable about bookkeeping and managing the financials.
This can leave a management team or owner feeling like they are held hostage by an accountant or bookkeeper.
In which case, ‘automated’ software, late nights, ‘trusting’ family members and responding to notices becomes standard practice.
Questions that float in the back of a business owner’s mind might include: “Should I hire a bookkeeper?”, “Who do I trust?” and “How does hiring a bookkeeper or accountant help me financially?”
Answer these questions to better understand whether you need a bookkeeper or accountant:
Answering any of the above questions with a “yes” is an indication that you need a bookkeeper. Answering multiple questions with a “yes” should be a strong signal to you of the benefits you will receive from a bookkeeper or accountant.
While a bookkeeping service, to operate legally, must obtain a business license in accordance with state and local requirements, it is not technically required by law for bookkeepers to be "licensed". It will be important to work with a bookkeeper or accountant who has a track record, testimonials and training.
The right bookkeeper or accountant can help you save money, anticipate important issues before they arise and plan for the future to minimize taxes. A qualified bookkeeper will provide timely reports to your management team to make key business decisions to improve profits.
When requested by your banker or an auditor, accurate reports can expedite the granting of a business loan, alleviate further questions from an auditor without the need to clean up or reconstruct the accounting records.
If you answered yes and interested in talking about the options to work offsite, onsite, part-time or full-time. Please contact us here >
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