Why does a small business need Small Businesses Accounting when owners can do bookkeeping themselves?
Of course you can do it yourself. You can do your own laundry. You can cook your own meals. You can fix your own car, trim your trees, and so on. But, do you want to do these things? Maybe some of these things, but I doubt that’s the case with keeping your books. You can save yourself considerable frustration, time and money by just outsourcing for one critical service: making sure your record keeping is set up to conform to Generally Accepted Accounting Standards. Your Chart of Accounts must be set up correctly in order for your Financial Statements to be accurate, and for your expenses vs. income to be accurate for year-end tax filing. A client of mine saved $8,000.00 in Income Tax when he signed on with my Service. It seemed that since he did not know what deductions his Company is entitled to use, the CPA never asked either!
