You know you need to track your money,
but what really is accounting?
And how can an accountant help?
Accounting 101
Organize & Document
First, we make sure things are in order.
Accounting is thoroughly recording all financial activity in an organized, consistent manner. Good accounting processes act as checks and balances to ensure all money moving in and out of the business is documented.
Your books should be an accurate representation of your business’ financial position.
This ultimately creates your financial statements, which are important for legal and tax purposes - as well as smart business practices.
Equip & Inform
Then, we equip you with the financial tools to elevate your business.
Using and understanding your data is key to knowing how your business is actually doing and making informed decisions.
Having a comprehensive view of your financial position helps you navigate decision points and make proactive investments - like whether to invest in technology or launch a marketing campaign.
Recommendations
Technology
Invest in it! An accounting software system will save you priceless time and work far beyond the capabilities of spreadsheets. It won’t do the job of an accountant, but it will provide you an accounting framework and automate tasks.
Professional Guidance
A contracted accountant can come alongside your business as a partner in money management. You can find peace of mind knowing your books are accurate, and seek advice for building reliable accounting processes.
Levels of accounting support can vary depending on your business’ size and complexity, suiting a variety of budgets.