Small business accounting firms might be described as professional teams that allow business owners to concentrate on their business’s financial success without having to first acquire specific knowledge of accounting terms, processes, and theory. In fact, we’re actually Problem Solvers!
So what can a problem-solving accountant do for your small business?
1. Provide strategic guidance and tools. Your accountant can provide owners more time to focus on the many moving parts of a business. Setting professional, financial, personal, and business goals and staying on track with those goals while running a small business is a challenge. Your accountant will provide advice, be a sounding board, and more importantly build a dashboard of tools to measure progress. If things don’t go as expected, we help you troubleshoot the issues, test solutions, and reset key performance indicators (KPIs).
2. Keep an eagle’s eye on cash flow. Cash flow is the number one problem for most small businesses. Seasonal shifts, politics and big government, taxes, supplier levels, and even pandemics can cause a small business to fail. Even successful ones suffer when payments are slow to come in or expenses are too high. Your accountant’s job is to build long term financial strategies and organize cash reserves and a spending plan to assure that you can always make payroll and cover expenses.
It’s not just about cash flow. Your accountant serves as a sounding board — like what to do with spare cash, pay debt or reinvest? — because they can quickly consider the numbers behind the business and how debt might be structured.
3. Provide tools to keep you in the loop. Your small business accountant can set up cloud accounting software to automate customer billing, pay invoices, and stay on top of expenses because you can manage your finances from anywhere.
4. Make your life as a business owner less stressful. Budgeting can be a nightmare for busy owners; if ignored, they can lead to poor decisions. Your accountant’s rigorous managing of the budget means you always know the real cost of doing business. And, you’ll know what to pay yourself!
It’s important to hire an accounting service that you can relate to on both a business and a personal level. Should you have an accountant that just seems to go through the motions instead of acting as a partner in your financial success, we hope you will call us. If you are already a loyal partner with us, we’re seriously interested in your feedback — seriously — because it’s our mission to build a thriving and profitable client accounting and advisory service firm. We are committed to incorporating first-in-class processes and procedures and using state-of-the-art technologies to benefit client experiences and, as your partner in success, be there as your ProblemSolver-in-Chief.