A good bookkeeper’s contribution to a small or mid-sized business is hard to overstate. Accurate, timely and well-organized books are the lifeblood of any business, ensuring that business leaders have the financial details they need for sound decision-making and profitability.
As a business begins to grow, however, its financial needs become more complex and grow to include accounting, financial and business advisory services, along with tax planning, preparation, filing, advisory and consulting services.
A bookkeeper’s job at this point can begin to feel overwhelming.
At this stage, you need more from your numbers, along with a strategic approach to business growth, built around real-time transparency into your financial health. You need clarity around profitability, and strategies aligned with your long-term financial goals. You need a clear picture of the risks and opportunities, and the things that are driving your growth. You need tax strategies that ensure you are not paying more than you should be. You need deeper insight into financial intricacies.
You need to get your bookkeeper some help.
Strategic and Holistic Accounting Support for Growing Your Business
What does that help look like? Here’s what your bookkeeper could tell you:
- I need help coding transactions and completing other tasks within our accounting software.
- I need help setting up new payroll withholding tax accounts across multiple states and localities.
- I don’t have enough time to manage our day-to-day accounting needs.
- I need an ongoing source of support for things like tax notices and multistate tax compliance requirements.
An Accounting Partnership for a Growing Business
When you have a reliable in-house bookkeeper ensuring that your financial data and transactions are collected and recorded accurately and on-time, you’ve got a solid foundation to take your growing business to the next level with holistic accounting support.
Imagine what a seasoned bookkeeper could do for your business with the addition of accounting and outsourced controller services or outsourced CFO services. That is the beginning of creating a real-time picture of your financial health, with strong monthly financials that align revenue and expenses across business units, locations, clients, product lines and any other way you need to see it.
You’ll have reliable monthly financial reporting you can use to analyze growth and profitability with precision and accuracy, avoiding common traps that can leave profitability gaps and risks hidden beneath a flurry of unprofitable activity. You’ll have insights you can use to keep your focus forward instead of relying on numbers that keep you tethered to the past.
You’ll have numbers from which you can create reliable strategies for growth, for acquisitions, for tax planning, for market analysis and more. What’s more, you’ll have a happier bookkeeper.
About Kirsch CPA Group: Kirsch CPA Group is an employee-owned accounting and CPA firm serving Hamilton, Cincinnati and Dayton, providing the tax planning and preparation, accounting support, assurance, and business advisory services that organizations need to grow profitably and nonprofits need to increase their return on mission.