I haven often come across the stall from a business owner on the phone, when they say:
“We have an Accountant already, and we don’t need a bookkeeper, thank you.”
Not what you really want to hear when prospecting, and not always easy to then break the ice and explain why a bookkeeper and accountant need to run alongside each other and be beneficial to your business.
Yes, at first glance bookkeeping seems to be simply another expense on the list. It may seem like a waste of money, or somewhere to cut corners. It may even seem like a task easy enough for you to do yourself.
Having a bookkeeper managing and maintaining your businesses’ financials is easier all the way around. If there is a financial audit from any of the agencies, the bookkeeper makes sure that guidelines and processes required are followed and performed throughout the year. This way, issues don’t go unattended resulting in fines, penalties, interest or other negative consequences. Small errors can quickly snowball and can have devastating effects from overspending to inability to pay staff and embezzlement and more!
The Accountant can review the books at any time to make sure estimated tax or other tax issues don’t need to be changed. Getting the right service professional to work with you will have a host of benefits. From simple reporting to tax compliance, everyone needs a trustworthy bookkeeping professional.
It doesn’t matter in the end whether you’re an individual needing to file your income tax once a year, a small budding entrepreneurial firm or a large corporate entity, finances and financial reporting is the heart of making your business grow.
Your tax preparer can be confident your books are reconciled at year end.
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