Let’s be honest: not many people love spending an afternoon working on spreadsheets. Solid accounting practices are the difference between a profitable, successful business and a hobby. Many entrepreneurs do not have the background, training, or education to handle their own finances – and sometimes don’t know where to start. We will get you set up.
Or, if you are past that first step, and already have a bookkeeper working with you, you might still need someone to help you analyze your data to figure out how you could become more profitable. Or, maybe you need help to be able to get a loan, or to figure out when you could pay back a loan. Or maybe you just need someone to tell you if you’re doing it right.
We’re here to help. Free of charge. Have a question? Feel free to contact us.
Accounting has been called "the language of business". It's the way businesses keep record of their financial accounts and transactions.
Make Tax Season Easy
Having organized and accurate accounting information can help you communicate information about your business to other organizations. You will be able to show other parties how your sales have grown over time, where most of your costs are incurred, and how you plan to grow in the future. This can be especially useful when applying for grants, loans, and other opportunities. Preparing accurate and well thought-out accounting materials will help you take advantage of these opportunities.
Accounting can help you as an entrepreneur analyze and forecast aspects of your business. You can understand where most of your sales are coming from, estimate how much cash you will have at any given point in time, and the cost breakdown of your products. You can also use accounting to set goals such as reaching a certain gross margin percentage, and then work backwards to figure out the best way to reach them.
Well organized accounting and financial documents make it easier when tax season comes along. Having your accounting records in order will make this time of year less stressful for you and your company.