Small Business Accounting Services
Accrual World Small Business Accounting provides professional bookkeeping services to small and medium-sized companies. We optimize our clients' business performance by providing them with the necessary tools to assess their financial position at any given time.
We utilize these and other programs to create complete support systems for the recording and maintenance of all financial information. We have worked with a wide range of businesses that include hotels, restaurants, retail stores, medical services, daycare, contractors, used car dealerships and many more. With the breadth of our experience, we can design, implement, and maintain bookkeeping systems that are tailor-made for any business.
We know first-hand the importance of a business having timely and accurate financial information so that it is able to meet its obligations and monitor performance. Your company must either grow or fail. But effectively growing your company often requires you to choose between spending money you don't have or spending time you can't afford to lose. This is particularly true when it comes to your bookkeeping.
In attempting to strike a balance between getting the books handled properly and trying not to spend too much time and money, many businesses make some common mistakes:
- Allowing the bookkeeping to fall apart. Some entrepreneurs allow their financial records to fall into disarray. This means that while they are focusing on other aspects of their business, money is lost, accounts are mismanaged, and bills are left unpaid or uncollected. Poor bookkeeping costs money. Maintaining good financial records the first time will always be less costly and time consuming than fixing mistakes later.
- Spending time on the books when they should be running the business. Others spend too much time and energy doing the bookkeeping themselves. Time spent on the books is time not spent bringing in business, managing staff, or simply catching their breath.
- Hiring a full-time bookkeeper before it is necessary. A third common mistake is prematurely bringing someone in-house to handle the bookkeeping. This can be a tremendous financial burden for something that is better handled on an as-needed basis.
Let us show you a better way...