Reason 1: To understand the health of your business
With an accurate Profit and Loss report and a Balance Sheet you can determine the rhythm of your business each year. You can assess your busy and slow seasons and plan for future investments for the growth of your business. Small business accounting and bookkeeping services enable you to quickly answer critical questions about the overall financial health of your business.
Reason 2: To prepare for your annual tax returns
Accounting services help you to accurately track your income and expenses during the tax year so that you can file your tax returns on time and maximize your tax savings with applicable credits and deductions accurately recorded in your books.
Reason 3: To determine your best products and services
Good financial reports can help to reduce marketing expenses by revealing your best customer type and the key product and service sales that produce the highest profit margin for your targeted marketing needs.
Reason 4: To determine why you may be operating at a loss
Correctly recording your business expenses helps you analyze and track your business expenses by type, allowing you to assess how to reduce the cost of doing business and stop losing money. Insights on your losses can help you form an operating budget.
Reason 5: To help manage your money and increase profits
Good bookkeeping is done routinely, and accurately, with careful consideration and a skillful understanding of the financial needs of your business. It tells the accounting story of your business over time. Insights on your income can help you create a forecast.
Reason 6: To save time by managing your accounting transactions
Most small business owners do not have the time to do data entry, to manage their daily accounting transactions or reconcile their bank and credit card accounts. Having your business accountant do this for you will save you time and reduce your stress.
Reason 7: To correctly record customer sales and payments
Correctly recording sales receipts, customer deposits, and payments will ensure that your sales and income taxes will not be overpaid or underpaid and reduces the overall audit risk for your business. Having checks and balances in place is always best.
Reason 8: To ensure your deposits match your bank statement
Your customer payments are posted to undeposited funds routinely, then matched to your daily bank deposits, which speeds up the process of reconciling your accounts on a monthly recurring basis. You’ll always know your current cash position.
Reason 9: To determine the dollar value of your assets and liabilities
Business assets and outstanding liabilities for your business are routinely and accurately recorded on your Balance Sheet, which helps you realize your equity position. You can rely on your Statement of Cash Flows report to make investments.
Reason 10: You focus on your business and they take care of the books
A good and reliable business accountant will take care of your business books so you can focus on growing your business.
Your Personal Guide to Seamless Accounting: Advanced QuickBooks ProAdvisor at Your Service
Hey there! I’m Gina, and I’m the proud co-founder of Lend A Hand Accounting. Why did I start this? Well, I believe that everyone should have access to affordable, efficient, and flexible accounting and bookkeeping services. It’s all about making sure these essential services fit snugly into your budget without any fuss.
We’ve ditched the traditional hourly rate system and adopted a flat fee pricing. You might be wondering, “Why does this matter?” Well, this way, you know exactly what you’re paying for upfront and there are no unexpected surprises. You get to pick and choose the accounting services you need, like a customized menu. And the best part? You’re in complete control of when you start or stop using our services. We’re essentially just a call or a text away, no need for endless phone calls or draining trips to the accountant’s office.
I’m not just any accountant though. I’m an Advanced QuickBooks Online ProAdvisor. That means I’m equipped with advanced expertise and resources to help you leverage QuickBooks Online to its full potential. My goal is to make your accounting process smooth and efficient so you can focus on what you do best – running your business.
Ready to get started? Reach out to me directly at 360-637-4799. We can even kick things off immediately if you’re ready. Simply create a free account, and I can instantly take a look at your books and let you know where you stand.
At the end of the day, we’re here to serve you. We really appreciate the trust you place in us and we’re eager to meet all of your accounting and bookkeeping needs. Looking forward to being part of your team!
Take care,
Gina
The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
