Before you launched your own business, keeping track of your finances and doing your own taxes was probably a cinch. Easy-to-use bookkeeping software such as Microsoft Office Accounting, Quicken and QuickBooks helps you keep control while doing it yourself.
Like many entrepreneurs trying to shepherd an expanding enterprise, it might now make sense to turn over tax, accounting and other financial chores to outside specialists. Choosing the right type of accounting services, however, is an important decision. The right accounting assistance can lift a tremendous burden off your shoulders.
Accounting services: one of your most trusted advisors
An outside accountant can be one of your most trusted business advisors and a key to your success. Although many business owners work with big national firms such as Ernst & Young or Deloitte & Touche, most prefer to work with small independent firms or solo accounting professionals.
Keep in mind that accountants are not bookkeepers. They can only prepare financial statements and tax returns based on the numbers that you give them. Bookkeeping services, if offered, will be extra. If you plan to hire your own bookkeeper, make sure the person you choose is qualified. How? Administer the “Bookkeepers Hiring Test” available free from the American Institute of Professional Bookkeepers .
Balance Your Books (BYB) offers online bookkeeping services for small businesses.
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