Why It’s Important to Choose the Right Accounting Firm

Accounting is a complex practice. Even a minor mistake can cost your business big time. You cannot let your team get bogged down with accounting tasks and should seriously consider outsourcing your accounting. There are several benefits of outsourcing your accounting. Your outsourcing partner will come up with a plan to optimize your accounting processes. They will oversee your company payment and payroll processes, saving you headaches. You can operate with a much smaller team. Outsourcing your accounting is a great way to cut costs associated with hiring and retaining permanent employees. Here are some benefits of hiring the right [...]

4 Reasons Why Asking Your Accountant To Do Bookkeeping is a Bad Idea

Accountants and bookkeepers perform very different tasks. Accountants are responsible for examining financial statements to ensure their accuracy and compliance with existing laws and regulations. They help businesses turn data into actionable insights. Bookkeepers manage and record business transactions. They also reconcile bank accounts. A business’s bookkeeper often works with tax preparers to ensure tax compliance. Many businesses expect their accountants to also keep books for them. However, ask any company that provides both account and bookkeeping services near you and you’ll hear that it’s not advisable to use an accountant for bookkeeping. Here’s why! An Accountant Does Not Understand [...]