Why We Love Accountants
Today is Accounting Day! Well, according to this very informative, and very accurate, website. And since we here at Bill.com LOVE accountants we thought we’d list the numerous reasons why.
Accountants are essential to your small business success. They monitor the financial health of your company, allowing you to focus on the high-level goals of your business. They are number-crunching, strategic superheroes! And we can’t get enough of them.
But what makes an accountant so pivotal to your SMB operations? Great question! And we have the answer.
Why Accountants Are Totally Awesome
Is your back-office completely bringing you down? Are you managing your cash flow appropriately? Are you implementing the correct digital tools? As a business owner, these are just a few financial questions you need to be asking.
Enter your accountant superhero! They got this. Plus, they can help manage these key areas of your business:
Accounts Payable & Accounts Receivable
Accounts payable and accounts receivable are the biggest variables when trying to balance the books. Your accountant will monitor your company’s cash flow and strategize and report on your businesses cash forecast. Accountants ensure you pay and get paid.
You want to have that virtual paper trail. And accountants will implement those internal controls. They are your audit champions, ensuring that your business is above board with its finances. And if accountants are our proverbial superheroes then auditors are our financial supervillains. Being audit-ready, taking steps towards fraud prevention, and ensuring responsible management of your finances are all imperative to the success of your business.
Small businesses function on a tight budget, and they’re always looking for ways to save cash. Enter your accountant! They know the books inside and out, and they’ll be able to analyze your data and make strategic recommendations to help you save time and money. Companies constantly fall prey to excessive spending, and your accountant will be able to help you trim that financial fat.
Dealing with the government is a nightmare. Especially when you’re trying to run a business. But, never fear! Your accountant will manage all those arduous financial matters during tax season. No one wants to get audited by the IRS and no one wants to file their taxes. With an accountant, it’s handled.
What Can’t an Accountant Do?
Seriously, what can’t they do? Not only do accountants take that financial load off your back, but they can help implement the right digital tools your business desperately needs. In today’s ever-growing technology landscape, it’s imperative that your business can function virtually and on multiple mobile devices. We’re dead serious—with today’s trends, who wants to wait for a payment because someone has to physically sign a check? Implementing the right automated tools will help your company gain a competitive edge. And your accountant will guide you to victory.
It’s time to focus on your business, leave the financial accountability to the professionals, and absolutely LOVE your accountants!