Bookkeeping and accounting are important for any business as their main objective is to help businesses stay on top of their finances

Both of these tasks are equally time-consuming and tedious. They require a meticulous, detail-oriented eye, and proficiency in different bookkeeping and accounting principles.

If you rely on your employees to do these tasks, they may make costly mistakes. Cleaning up an accounting or bookkeeping mess can seem like an uphill challenge when not done by an expert. Some accounting and bookkeeping mistakes are impossible to rectify and can haunt a business for years with their residual effects.

Outsource your accounting and bookkeeping to free up time and ensure your employees can focus on what matters most. An accounting and bookkeeping firm will manage your processes while also performing daily tasks and ensuring legal compliance.

Here are some reasons why businesses hire bookkeepers and accountants in Sonoma County.

They Help Make Informed Decisions

Business owners need financial data to make informed decisions. Since your accountant in Sonoma County manages your business finances, they will be well aware of the financial position of your company and can provide you with an accurate picture of your business.

Bookkeepers and accountants provide a plethora of financial data. They help businesses allocate, budget, and monitor cash flow while guiding them to make the right decisions.

Your accountant can help you understand the financial implications of small and big business decisions paving the way for better decision making.

Help Manage Tax Compliances

Taxes are complicated so it’s no wonder most business owners dread doing them. Your accountant and bookkeeper will ensure all tax-related obligations and compliance requirements are met.

Your accountant will keep track of deadlines. They will keep an eye out for mistakes while preparing and filing taxes. Your accountant will also help you take advantage of tax-saving avenues.

They Assist in Company Audits

Audits can be stressful. Your business accountant has all the financial information readily available and can help you navigate the audit process.

During an audit, your accountant will keep all documents, details, and transaction details handy while having them available on demand. Your accountant and bookkeeper will answer any queries auditors may have, helping ensure a smooth audit.

They Advise on Financing Options

A growing business may need additional financing. If you are trying to expand your business, your bookkeeper and accountant will help you identify the pros and cons of different sources of finance. They will provide lenders with the necessary information and documents for the approval process.

Virtual Jeannie Bookkeeping Services is a renowned bookkeeping firm in Sonoma County. We offer end-to-end bookkeeping solutions. Our expertise in tailoring bookkeeping solutions to our clients’ specific needs give us a competitive edge. To enquire about our services, call (707) 664-1425.