It’s a common picture: the harried business owner up late at night poring over ledgers and spreadsheets. It is not unusual for businesses, especially small or upstart businesses, to balance the budget by performing some services in house. There are downsides to this approach, however. According to a new report based on research from the International Federation of Accountants, using accountants is linked to better business performance and higher profits. Many people doing their own accounting are not just adding frustration to their lives but compromising their bottom line as well.
How Accountants Can Lead to Better Business Performance
Most people associate accountants with tax season. However, there are several ways that accountants can increase performance and help your business to thrive. An accountant can:
- Ensure that business practices are aligned with your goals.
- Analyze financial information and trends
- Communicate with staff and managers about how to increase performance
- Give accounting and tax advice that have proven to work for similar businesses in the past
- Identify risks before they lead to disaster
- Guide your business toward developing inherent and sustainable value
Expert analysis of your business leads to better decision-making and helps you to apply your vision more effectively.
Who Benefits from Accountant Services?
Businesses of all sizes and even in all places have better performance when using an accountant. This is a global trend that can be applied in every field. As with marketing and other niche fields, experts are trained to perceive trends in a way that a layman cannot. Accountants are experts in financial management, not just taxes, and this expert knowledge can be used to help your business thrive.
If you are looking for ways to apply your core values and goals to your business’s financial decisions, an accountant can help. Accountant services give you an expert advantage while allowing you to focus on your vision for your business. Talk to Gary M. Kaplan, C.P.A. about how they can increase your performance and help you get out from underneath your spreadsheets.