The services of a good bookkeeper are invaluable to the small business owner in Gresham. Gresham business owners walk a tight line trying to keep their business afloat and growing at a productive rate. The services of a bookkeeper can make navigating the financial aspects of your business much easier.
There are a wide range of benefits to taking on a bookkeeper for your small business. When thinking of hiring a bookkeeper for your Gresham business, consider the many critical tasks they can help you with. Here are 4 ways a bookkeeper can help support your Gresham business.
1. better cash flow for your Business. The routine recording of revenues, expenses, liabilities, and receivables, will allow you to track when your customer and vendor invoices are paid. All of this means your Gresham business will have better cash flow. Your bookkeeper can help you make sure that your customers are paying you on time and that your vendors are being paid on time as well. Good bookkeeping provides information regarding your outstanding invoices – customer/vendor info, amount, date issued and due date – which can be used to implement better cash flow policies.
2. you can focus more on business strategy. Gresham business owners need tactical and strategic planning to grow their businesses. Having bookkeeping as a tool for your business brings you much closer to your short and long-term goals. Gresham business owners can use the information that bookkeeping offers to focus on company strategy. Your bookkeeper can help you can track the results of your strategy with bookkeeping and adjust goals accordingly.
3. more prepared for irs Audits. Being prepared for the unexpected is important as a business owner. Should the IRS audit you, you want to make sure your books are in order. Messy books prolong the auditing process, making your business more susceptible to fees and penalties. If the IRS feels that your books are disorganized or outdated, they have more motivation to impose penalties. Being able to provide the IRS with what they request in a timely manner could save you from further hassle.
4. Requirements Under Law. The law requires you to keep financial records for your company. Depending on your legal structure, the law requires you to keep financial records separate from your personal expenses. Failing to do so can lead to termination of your business.
Business & Accounting Solutions Offers Quality Bookkeeping Services To GRESHAM businesses. Looking for a professional bookkeeper to support your Gresham business? Business & Accounting Solutions, LLC., brings knowledge and capability to Gresham businesses with outsourced CFO, Accountant, and Bookkeeper services. Bookkeeping, payroll, cash flow, finance consulting and financial statement preparation along with QuickBooks consulting services are just some of the outsourced services we offer. Contact us or call us today at (503) 710-6213. Know someone in need of CFO or Accountant services? Consider our referral program