Do I Really Need An Accountant For Small Business

Do I Really Need An Accountant For Small Business

5 Thoughts to Ponder When Considering an Accountant

An accountant has a certain skill set that can benefit a business of any size. A small business has different needs than a larger company, and an accountant could be put to use in different ways depending on the needs of the individual company.

Friedman Accounting is a Florida-based firm that has been in business for over 40 years. A Friedman CPA can help with any aspect of your business, large or small.

1. What Does an Accountant Do?

In the simplest of terms, an accountant is the person in charge of the financial elements of a business. Terms like cash flow management, payroll processing, and business expenses are just some of the areas where an accountant would work. If these terms make no sense or are not something you feel qualified to handle, a business accountant in Florida is needed.

2. Accounting Duties and Your Time

Starting out, many small businesses handle their own books. As the business grows, the demand on the owner’s time grows as well. Bringing in an accountant would free up the owner’s time, and they can stress less about one area of their business. They would also have another professional to turn to for financial input and advice.

3. An Accountant on a Needs Basis

Hiring an accountant does not mean that the accountant has to be hired full-time for a long time. A business accountant in Florida can be used on an as-needed basis, on a temporary basis, or on a part-time schedule. An accountant can be brought in to prepare the taxes each year or to offer opinions and advice on how things should go.

4. Affordability of an Accountant

The cost of hiring an accountant can vary depending on what services the accountant is providing. The fewer services provided means the lower the cost. Bringing on an accountant full-time will mean a higher cost. If the accountant is a CPA, that cost will be even higher. The cost associated with an accountant is another item to factor in when considering an accountant what they have to offer.

5. Don’t Forget About Bookkeepers

A bookkeeper is not an accountant, but they can be an excellent alternative. A bookkeeper’s role is to record the business’s financial transactions properly. They are well versed in the financial software used and will come at a lower cost than an accountant. The bookkeeper will need to consult the advice of an accountant from time to time, though, since some items are outside of their job description.

Deciding whether or not an accountant is needed for your small business is not an easy decision to make. How your business performs is the result of many factors and the use of an accountant or not may be one of those factors.

Friedman Accounting has small business accountants in Florida who may be able to help. Find out today just what a Friedman CPA can do for you and your small business today.

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