What Bookkeeping Services Can Your Company Benefit the Most From?

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11 Dec 2019

What Bookkeeping Services Can Your Company Benefit the Most From?

You need to hire two more employees, have a new product launching and you need to figure out a better shipping method for your customers. While you are dealing with all of this, you need to figure out how much you can pay the new employees, how much the product marketing will cost you and if the new shipping method is in the budget. This seems like a lot for a small business owner to take on all at once. This is when outsourcing your bookkeeping may make the most sense for keeping your company moving forward. For a company like yours, a virtual bookkeeping service like Better Accounting can make it simple and best of all cost-effective. These services aren’t based on location and hire dependable and trustworthy bookkeepers. They also have experience. Finding a bookkeeper who has been doing it for years can save you a lot of hassle in the long run. They have seen it all, so if something comes up, they can handle it without it disrupting your business operations. Here are a few bookkeeping services that your small business can benefit from.  

Day-to-Day Transactions

When your company is making sales, stocking inventory, and fulfilling needs for your customers, the last thing you want to have to deal with is keeping track of the financials at the same time. This is where a qualified bookkeeper comes in. They can not only tell you how much you are making each month, but where your money is going and where you need to focus your attention to keep things running smoothly.  

Producing Monthly Financial Statements

Your bookkeeper will import bank statements, categorize transactions and prepare financial statements every month. All of this equals more time for you, as well as data overviews that help you run your business more efficiently. This big picture approach gives you insight as to what actions to take to grow your business.  

All the Small Things

This is where a bookkeeper shines. While maintaining your financial records, they also pay the bills, create and send customer invoices, collect past due accounts, reconcile bank and credit card accounts, maintain vendors of account payables and support outside CFO/controllers. There is no denying that this is a lot of work for a small business owner to handle on their own. It’s a full job all in itself. When running your business, anything that you can delegate to a trusted, professional bookkeeper will free you up to do what you start a business for in the first place. If you are looking for booking services, talk to Better Accounting and see how we can help you.

4 Ways an Accountant Can Help Your Small Business

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11 Dec 2019

4 Ways an Accountant Can Help Your Small Business

Every business, no matter how successful, has room to grow and improve. A great accountant can help with everything from keeping your books clean and accurate to scaling your business up. Regardless of the size of the job, you can rely on your accountant to help your business grow and succeed. Here are just a few of the things an accountant can do for your small business.  

Analyze Financial Data

An accountant will analyze your cash flow reports and other financial documents to determine where your business’ money is going. They will use that information to advise you on where you can make improvements in your processes and cash flow, set new budgets and update workflow. When your finances are streamlined, your business will be in a prime position to scale up and grow.  

Reporting

With more financial clarity comes more success. With an accountant on hand to analyze and perfect your financial statements, reporting at your small business just got a whole lot easier. Whether it’s your tax filings, a shareholders’ report or a new budget to show the executive team, they will help you achieve financial clarity in your business. Your accountant will then help you interpret your financial data. So they will help you make financial decisions about your small business with confidence.  

Taxes

Taxes can be complicated and expensive. During tax season, your accountant should help you file your taxes while strategizing the best outcome for your small business. A good accountant will always be up to date on things like tax credits or incentives and changes in tax laws or requirements. Whether you are strategizing your tax structure at the beginning of your business plan or getting ready to submit your filings, your accountant will help you minimize your tax bill and get back the biggest return possible.  

Guidance for the Big Things

Your accountant can advise you on all the big things: audits, records, business strategy, even troubleshooting help. Whether its setting up your accounting software or your preparing for your month-end statement reconciliation, you should be able to rely on your accountant to advise you and your small business on the best way to get things done.   They will help you grow and improve your business at every stage. At Better Accounting, our accountants are ready to make your business the best business it can be. Contact Better Accounting today and see how we can help you.