Hire an Accountant for Small Business
Accounting has been termed as the language of business. It is the method of determining, processing and communicating financial information. Accounting provides the business owner with information about the company's resources, finances, and the results business achieves through its use.
It also includes the presentation of the financial health of a company, which involves preparing financial statements, and indicators that can be derived from them. Furthermore, a function of accounting is the preparation of tax and other required financial materials. The small business accounting involves taking into account all the receipts for any money spent. Recurring costs, small expenses are also taken into account when accounting for small businesses. You can get freelance accounting for small businesses on some of the online platforms. For making sure that money in the business is used for appropriate purposes, you can refer to top freelance websites and hire a professional.
What Accountants for Small Businesses Do?
Accounting is more than just managing credits and debits; it plays a vital role in everyday business decisions. Accountants for small businesses are responsible for monitoring business accounts receivable to illustrate trends or behaviors in the customer base. They keep track of costs and work towards diminishing the costs that are incurred by pursuing late payers. Organizations have online accountants for small businesses who make a comprehensive budget to help discover inefficiencies within operations. They keep track of unexpected changes in retailer costs or sales incomes and alert you to significant industry changes.
The accountants update the management on financial position to spot problem areas and take timely decisions. You can find the best online accounting services for small businesses that may include advice on the best structure of a company, financial facts of your business plan, managing payroll and many others from online project bidding websites. The process of Account Reconciliation Services involves verifying an organization's financial records and transactions to detect discrepancies if any and to reconcile the same.
You can hire an accountant for small business from Guru.com, one of the best sites to find experienced freelancers. Before you hire freelance accounting for small businesses from experts, do ensure that they: -
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Can perform processing and reporting of accounts on time
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Understand expense reports and corporate credit card transactions, accurate data for tax reporting and other corporate compliance activities
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Should be able to create month-end close journal entries, and maintain reconciliation schedules for accounts
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Understanding of GAAP and internal accounting controls
Qualification of Accountants for Small Business
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Bachelor’s Degree with work experience in Accounting
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Hands-on experience in liaising with various stakeholders across the business; particularly the Legal and Procurement teams
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Familiarity with a chart of accounts
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Proficient with MS Excel and should know Pivot Tables and VLOOKUP, Macros
Benefits of Hiring Accountants for Small Businesses
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They will give you access to the financial details of your business plan, which can provide you with taking the best decision on the project.
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Accountants help you save money by identifying potential costs in operations and giving suggestions to cut these costs.
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They will come up with financial safety plans for you in case of any financial emergency in the business.
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Accountants will perform the tax calculations and will keep updating you on the new regulations on the same.
Guru Tip:
SafePay provides payment protection on our online freelancing platform Guru. It is a shared account funded by the Employer before starting work. Once the SafePay is funded, Employers can feel secure that payment can be made once they are satisfied with the work.
Post a job for free and find your Accounting Freelancer on Guru.