Are You Getting the Right Level of Accounting Support?Brian Jang ON June 22, 2021
Like many new business owners, you are more than likely to take on the accounting duties yourself. But if you’d rather be focussing on growing your business, it is a good idea to seek help. So, how do you know what level of accounting support is right for your organization’s needs? Read on to learn how to choose the best accounting services for your business.
Light Accounting Support
For those who are simply managing their finances day to day, the basics may be the best option. An accountant can set your business up with cloud accounting software, such as QuickBooks Online, to help you handle bookkeeping duties like paying bills, invoicing clients, and reconciling bank accounts.
Getting started when your company is young will make integration and implementation far easier. This basic level of support will also ensure you are CRA compliant, helping you avoid audits.
Are you looking for a way to grow your business? How will you decide what to do if you realize you need more information to make the best decisions possible?
Moderate Accounting Support
If you are considering a moderate level of support, you will have someone ready to help your business beyond recording financial information, preparing financial reports, and staying on top of tax regulations.
With this level of service, you will receive specialized accounting that provides you with an understanding of what your financial statements are telling you about your company. Moderate accounting support can also provide you with the latest figures so you can use them to guide your business decisions.
Deep Accounting Support
Having a trusted advisor with high-level strategic support is extremely valuable. By analyzing your finances, they can help you plan and project your financial future.
With a deeply involved advisor working by your side, you will have a clearer picture of where your business is currently and where it is headed in the future. Additionally, they can anticipate that there will be even more opportunities available to you based on their projections of your cash flow.
Accounting services should scale with your business. Your needs may be simple at first, but as your business grows, you will require additional accounting support solutions, and they will be there for you when you are ready.
Considering accounting support for your business, but not sure where to start? With the many options available, finding the best level that fits your budget and your organization’s financial needs can be a challenge. At BCJ Group, we offer all levels of accounting services to meet your business’s unique demands.
For the ultimate level of accounting support for your business, reach out to BCJ Group today!