How do you feel when it is time to manage the accounting tasks for your business? Most small business owners don’t have experience with financial management, and they dread the thought of tracking financial details, reconciling the accounts, or preparing tax paperwork
We recognize that keeping your business financials in top health is crucial for any thriving business, and that’s why we rounded up the top two reasons our .accounting services make your life easier.
- Streamlined Cash Flow
Your business cash flow is largely dependent on the balance between accounts payable (money you owe) and accounts receivable (money you are owed). If left unchecked, such as missed payments for your services, or overpaying your supplies, it could wreak havoc on your business financials.
We recommend setting up systems for the area you’re least in control of: accounts receivable. It’s not enough to follow up with old accounts over and over again.
The easiest way to ensure you get paid – and on time – is to have protocols in place in the preliminary contract and clearly noted on invoices. You can opt to include an incentive small discount for larger accounts to pay before a set date, and set late penalties in place for past due payments.
- Outsourced Accounting Services
By outsourcing accounting tasks, you can focus your time and efforts on other responsibilities within the company instead. Delegating your business operations to the trained professionals at Cathy E. Parker, E.A. Bookkeeping & Tax Service can not only save you countless hours trying to do it yourself, but it will liberate you from being the bottleneck in your own company.
The best way to maximize profitability, scale your business, and stay on track for growth is by using .professional accounting services that produce insightful financial reports — and actually make sense of them for you. To find out more, give us a call today.