Accounting Technology Solutions will customize the accounting services for you and your business's needs. There is no need to pay for services you are not going to utilize. There are ways to make sure you have all your ducks in a row without breaking the bank.
Many small businesses have an accounting clerk who grows with the business. The accounting personnel do the job, but further interests are not investigated. The business owner and the accountant or bookkeeper will tend to the day to day duties, but there is no one there to look at financing and credit opportunities for the business. This is not because they do not care about the business, but because there isn’t time.
The business owner is busy each day doing the job of the business no matter what the business is. If it is a restaurant, it is making sure staff is in place, food is in stock and being served, and tending to clientele. The accountant or bookkeeper is busy making sure daily deposits are made, bills are paid, and the books are updated.
You may even have an accountant who works on your taxes each year. This encounter may only be an annual one though. They look at the taxes and that’s about it.
Do you need additional accounting support? Ask yourself the following:
Do you often pay late fees or bank fees because of the need to float the operating capital of the business?
Are you sure you are putting your expenses in the right categories?
Do you have the right financing sources for your business?
Do you have a solid understanding of your business’ accounting position?
Do you have the time to shop vendors, banks, and other outsources of capital to be sure you are getting the best products for your money?
Do you have a budget and follow it?
Do you have a tax strategy?
Consider hiring an outside accountant as a part-time CFO/controller to help service your business to ensure you are in the best possible financial position. This assistance can provide a better understanding to you as an owner as well as ensuring future growth prospects.