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Accounting and Bookkeeping Services for Small Business

by Benny Gala DNS Accountants

It’s smart decision to get expert advice from an accountant throughout the life of your business, whether you’re just in thinking over to start a business, or you’re so far in you already have employees with any existing one. An accountant is a professional one who maintains the books and prepares financial documents as well as forecasting like profit-and-loss statements, balance sheets and many more. Accounting is the process of how your business records, organizes, and understands its financial transactions. Here are some of the examples of how an online accountant can help with your business growth:

What Does An Accountant Do?

  • An accountant can issue invoices.
  • An accountant can advise on the business structure.
  • An accountant can manage payroll.
  • An accountant can record sales.
  • An accountant can manage and pay invoices from suppliers.
  • An accountant can keep you up to date with tax laws and changes.

Hire high quality accounting partners:

It is always advisable to maintain your books for the success of your business. It is good to produce useful management information at the year-end results.

  • Accountant: A small business accountant can advise at many different points, including your business structure, creating financial statements, obtaining necessary licenses and permits, and even writing a business plan.
  • Bookkeeper: The bookkeeper manages the day-to-day records, regularly reconciling accounts, categorizing expenses, and managing accounts receivable/accounts payable.
  • Certified public accountant (CPA): In case of an audit, a CPA is the only individual who can legally prepare an audited financial statement.
  • Tax planner: These professionals help optimize your taxes before you file them, helping you learn ways to lower your tax burden.
  • Tax preparer: Your tax preparer fills out necessary tax forms and may file them on your behalf. Some will also set up your estimated tax payments.

Every small business has a legal obligation to maintain the records of their financial transactions. Small business accountants are focused at reducing the finance and accounting costs of their clients and helping them with their management, accounting, and tax preparation needs. There is not any specific format that must be adhered, but at the very least records such as all sales, business expenses, export and import duty or purchases should be kept.


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About Benny Gala Senior   DNS Accountants

156 connections, 4 recommendations, 656 honor points.
Joined APSense since, June 30th, 2017, From Harrow, United Kingdom.

Created on Mar 16th 2021 10:46. Viewed 371 times.

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