You run your own sales business and enjoy it until it comes time to pay bills or gather up materials for taxes. Does this sound like you?

Do you forget to pay your bills on time? Do you have lots of sales yet have trouble figuring out if you've made a profit each month? This isn't uncommon for people who run successful sales businesses. After all, you're a sales person. You enjoy people, you're personable, and you can sell your product. However, when it comes to spending time on bookkeeping, you may not enjoy it and don't always understand it.

Maybe it's time to consider employing the services of accounting professionals. It doesn't matter if you have a brick and mortar store or work out of your home; your business will always have accounting that needs to be done.

Benefits Received from Outsourcing Your Accounting

One of the key benefits your will receive from outsourcing your accounting is more time for you to do what you do best: sales! It doesn't stop there.

• Your bills will be paid on time. As long as there is money in the bank, your accounting service will ensure that your bills are paid.
• Your customers will be invoiced in a timely manner.
• Your customer payments will be deposited and recorded promptly.
• You will receive reports that give you the financial information you need to run a successful business. Your accounting service will prepare the reports you desire and help you understand them. Some of these reports may include:
  • Profit and loss statement
  • Balance sheet
  • Budget versus actual receivables and expenses
  • Bank reconciliations

Many accounting services use online accounting software. This is perfect for small business owners like you. You can log into the account and view your records at any time.

When it comes time to file your taxes, you will have very little work to do. While your tax accountant may need you to supply a few things, your accounting will be up-to-date and ready. Your accounting service can have entries such as depreciation done for your tax account. This will save you time and money on tax preparations.

Are You Uncomfortable with Giving Up Control?

You work hard to build and maintain your business. If giving up control of the routine accounting makes you uncomfortable, you should know that you don't have to turn it all over to an accounting service. You can delegate as much or as little as you want. Most accounting services will work with you to come up with a solution that suits your needs.

Why not take the step to set up a consultation with an accounting service? You deserve to spend your time doing what you enjoy in business, selling! Get in touch with someone at an accounting service like Don Lamb CPA Inc P.S. to learn more about how a CPA can help your small business.

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