Accounting Services

Business Accountant – How To Choose The Right Accountant For Your Business ?

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From the moment the first sale is completed in any business transaction, an accounting cycle begins. All businesses are required to keep records of revenue, assets, liabilities and payroll for Business Accounting.

How To Choose The Right Accountant For Your Business ?


Accounting services for business can vary greatly in the actual performance of accounting duties. Some businesses prefer to maintain their accounting services in house. Others outsource their accounting to licensed CPA’s and auditors. The type of business operation usually determines the type of accounting, even with basic accounting principles in place.

Determining Business Accounting Needs:

In many small businesses, accounting can be done once a week. This assumes the business has a relatively low volume of daily accounting transactions. Other businesses require daily accounting due to high volume transactions.

Determine specific accounting needs to engage accounting individuals who are licensed, knowledgeable and have a pro-active sense of planning and tracking accounting records. These individuals should be heavily detail-oriented and capable of spotting weaknesses in accounting transactions expediently.

While scientists study details in data, accountants study details in numbers. To hire a successful accountant, it’s important to review their experience and their specialty. Not all accountants perform general accounting duties, although they may be fully trained to do so. Many business accountants specialize in cost accounting, payables, receivables, general ledger, payroll, tax preparation or payroll. Most business owners choose an accounting individual who has general accounting experience to cover a wider range of accounting.

Why Hire a Licensed CPA or Auditor?

In businesses, accounting tracks daily revenues, profits and losses. At the end of each fiscal quarter, a report is produced on the full record of business quarterly, bi-annually and annually. These reports are required to validate and substantiate the financial state of the business to state and federal agencies. Financial reports must be validated by a licensed CPA or auditor. The job of a Certified professional auditor is to verify all financial records for a designated length of time recorded  as required to comply with state or federal laws and submit to the agency.


If you are looking for the hassle free accounting services for your business, then need to hire an accountant or CPA who can help you from Bookkeeping to tax preparation/Return.

If you are still confused about the accounting or looking for certified accountant then you need to content accounting firm like Account-Consultant.

Contact here for Accounting services as well as Hire an Accountant.

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Benefits Of Outsourcing Accounting Services for Small Business

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Outsourcing is a general term used to describe the non-core business processes of the organization to the external vendors for a specified time on a set of predefined performance metrics. It (i.e. Outsourcing work) means coordination with other company to avail their specialization services. In other words get the best person on board to get done the job in a more effective way without hiring him/her. In the past couple of years, Outsourced Accounting Services has gained prominence as more and more organization has adopted the same path. Outsourcing is widely embraced, especially among larger organizations.

Outsourcing Accounting Services


Why More Business Are Opting For an Outsourcing Model:

1. Focus on Core Process – Outsourcing Accounting Services allows any organization to concentrate or focus on core area by outsourcing non-core area. The same makes organization extremely lean and agile, thereby allowing the Top Management to devote more time to the very purpose of their existence i.e. the customer. They can spend more time on understanding the customer better need and serve them by understanding his/her tastes, preferences, changing trends etc.

2. Cost Cutting/Saving – By outsourcing for accounting firms have been able to achieve cost reduction of as high as 40 percent. Outsourcing vendors are able to achieve this due to their economies of scale for each process. They spread fixed cost over large volumes of transactions spread across multiple customers. Outsourcing Accounting Services also have the flexibility of going to the lowest cost locations to perform the job. Since the outsourcing vendors use the latest technology and best practices, they can streamline the processes better and achieve optimum results in cost, quality and speed.

3. Reduction of Capital Requirements – By outsourcing the process organization can able to free up both fixed as well working capital required. The can save a substantial amount of money as they need not spend to buy and maintain their system; reason being outsourcing vendor does the needful and align the best practices in the process.

4. Best Practices – Since outsourcing accounting services specialize in specific processes, over the time they acquire expertise which not only helps in saving the time but help in improving the process. They are also able to bring best practices at the same time do a re-engineering of business processes which ultimately improve the quality, response time, manpower requirement etc.

At Account-Consultant, we understand your concerns with respect to accounting compliance. Our virtual accounting services hire the best accountants with CA, ACCA, CPA qualification that works with the clients closely in order to understand their delivery and needs. We provide the access to clients with respect to monitoring the financials and required MIS on a real-time basis.

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Top 6 Reason to Outsource Payroll services for small business

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Outsource Payroll Services for small business is the least strategic and most time consuming aspects of our organization. It isn’t a question of why but rather why wouldn’t we outsource it to Account-Consultant.

Outsource Payroll services

Top 6 Reason to Outsource Payroll services for small business

  1. Save Money. Their in-house payroll service did not generate revenue. Having dedicated staff to print and distribute checks and create tax documents just didn’t make sense because we had less than 2,500 employees. Outsourcing the non-strategic, non-revenue generating aspects of their business to a trusted firm who can do it better and more cost effectively made their company more profitable.  A recent study by Price Water-house Coopers found that “85% of all companies that outsource are more profitable.”
  2. Focus on Their Core. Our clients really didn’t “want their employees (and management) consuming their time on payroll related activities.” Outsourcing these time consuming activities put them to work on more productive assignments. While we were focusing on their payroll, they were be able to focus more closely on their core business activities. In today’s economy, razor sharp focus is critical to operational excellence which is the real driver to giving them a competitive advantage.
  3. Accuracy and Accountability. Our staff are payroll experts. Our Payroll Administrators have an average of 13 years experience in running complex payrolls.
  4. Reliability. Vacations. Illness. Turnover. New hires/Training to Get Up To Speed Quickly. These payroll processing problems are a thing of the past when you use the outsourcing payroll services for small business of Account-consultant.
  5. Regulations. They wanted to be “up to date on all payroll-related tax laws and regulatory mandates for federal, state and local authorities.” Currently, the 2nd most common lawsuit in the US is Wage and Hour which falls directly into the category of payroll expertise or lack there of.
  6. Hassle free. Our People-Process-Technology model for best practices eliminates all the payroll hassles.

 Finding a Reliable Payroll Management Service:

As a business owner or payroll manager you have a number of options for your payroll functions. Software that can be installed in-house, or cloud-based programs offer a good alternative. But if you really want to take full advantage of the benefits available to you, outsourcing to a provider like Account-Consultant can still be the best decision.

Flexible Outsource Payroll services to Fit the Needs of your Business.

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How Virtual Bookkeeping Services Effects the Business Accounts

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Online bookkeeping services tend to be the most beneficial for small business. One of the reasons is that with the help of such services companies are able to manage their daily affairs very smoothly. Daily operations can be cash transactions, sales, administration, and accounting.

Now it has to be noted that small business cannot hire a bookkeeper or an accountant since they operate under limited budget and manpower. In such cases, online bookkeeping services come in very handy.

Why are we helpful?

Account-Consultant offer the best online bookkeeping services. Our bookkeeping services are designed to meet your business requirements at all cost. Our services are spread around four countries namely USA, Canada, Australia, and the United Kingdom.

People mostly thing that bookkeeping services can be ignored but in order have an effective firm online bookkeeping services are a must. The staffs that are present in accounting services are highly trained who will make sure that your business gets benefited from our services. Our virtual bookkeeper Australia is known for its expertise in payroll duties and other activities that are related to finance. Here at accounting service firms we take care of each client and offer a cost that is affordable to the user.

Thus we can say that our online bookkeeping services are the best in the business and you’rebound to take our services again and again once you take our service. We ensure that your firms get the maximum benefit from our online bookkeeping services.

Benefits of online bookkeeping services:

With the help of online bookkeeping, you can get in touch with your virtual bookkeeper at any given amount of time. This can serve as a major help during the time of emergency. Earlier you have to worry about your accounts since you were not sure about the backup. Now if you use online bookkeeping then such problem could be eliminated as online bookkeeping provides backup.

Conclusion

Thus from the above statements, it is very clear that online booking services are an absolute necessity. In short booking services are needed for remote accessing, security and efficiency. With the help of online bookkeeping service, you don’t have to worry about collaboration, backup, and access. If you have a small enterprise then your financial statements should be up to date, so that effective decisions could be taken. This is only possible with online bookkeeping service.

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Accounting Tips for Small Businesses to Keep the Books Balanced Accounting

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Accounting plays a vital role in businesses of every size but often becomes a low priority for small business owners, Here discuss about the Accounting Tips for Small Businesses, specifically, as they juggle all the other responsibilities of managing and maintaining day-to-day operations. However, accounting should never be treated as an afterthought.



Accounting Tips for Small Businesses can help financially forecast months into the future and alert you to potential financial gaps. The right accounting insight could even help you save your business in case things get tough.

Top Accounting Tips for Small Businesses:

1. Pay Close Attention to Receivables:

Getting paid is the most exciting part of running a business. Managing your receivables isn’t quite as much fun. When an invoice is issued, you record a receivable, meaning you log that a customer owes you money. By checking this listing you are able to easily see if a customer has an outstanding balance.

2. Keep a Pulse on Your Cash Flow:

When it comes to small business accounting tips, cash is everything. The more you understand the numbers in front of you, the greater your odds are at managing them well.

As you perform weekly and monthly financial reviews, consider producing a cash flow statement. These statements give you a broader understanding of cash movement within (and outside) of your company. A cash flow statement essentially monitors income direction. It also includes the element of time, enabling you to visualize payment cycles and seasonal expenses.

3. Log Expense Receipts:

Unfortunately, it is a common mistake for small business owners not to save copies of their expense reports. This can result in a wide range of tax, accounting, and cash flow issues.

4. Record Cash Expenses:

When you are an entrepreneur it is crucial that you track all the expenses related to your business. That way these costs can be subtracted from the amount of your total income when it comes time to do taxes.

5. Hire a Professional to Handle Your Taxes

Many people try to save money by doing their taxes themselves. In reality, if you don’t hire a professional, not having access to their accounting expertise can cost your business a lot of money down the road.


Read More : Accounting Tips for Small Businesses

Maintaining Your Books with Account-consultant

Account-Consultant combines the use of advanced software with the guidance of accounting professionals. Our customers benefit from a team of trusted, in-house experts ready to meet your accounting needs. Top Accounting Tips for Small Businesses to help you in manage your accqounting & Financial needs.

Our powerful software integrates with a variety of accounting software partners, such as  Xero and Quickbooks, to automate monthly reports and free you to focus on the success and expansion that you strive for with your small business.

When you are ready to hand off the chore of accounting and focus on the business you love, Account-Consultant is your financial headquarters. We have powerful software that can save you time and money to get started today.
Contact us here for Accounting & Bookkeeping needs.

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