Most business owners know when they need an accountant, but they do not realize how important the task is or how much their results can vary. No other job position outside of your own is going to affect your bottom line like an accountant and contrary to common belief, the job is not just about crunching numbers. A good accountant or accountancy firm must know how to crunch numbers that will allow them to provide practical suggestions from useful information that will pave the way for you to make accurate business decisions.
For an accountant to be your MVP, they must have a drive to learn your business inside and out. They will also be very helpful and approachable instead of trying to impress you with their extensive vocabulary and knowledge. But before anything can take place, there must first stand a solid foundation. This strong vital foundation is good book keeping. The most complex formulas in the world are useless with bad numbers. However, it is completely your option whether you want to keep your books separately or have your accountancy firm keep them for you. Some Accountants and/or Accountancy Firms will even train you or your staff if you would like to take over the books at a later date.
Good bookkeeping involves recording all cash and bank transactions with regular reconciliation's, recording all purchase invoices and payments while producing monthly payment due reports, recording all sales and payments while producing monthly statements and also preparing quarterly VAT Returns if applicable. You can also have the same firm maintain your payroll for your employees. Last but not least you will need management accounts prepared monthly, quarterly or half yearly. A one stop accountancy firm can be very convenient reliving you from the above work, which allows you to do what you do best.
With proper records, a great accountant can work wonders for your business. Practical advice supported by useful information will definitely pave the way for you to make more accurate business decisions. Then you will truly see that a good accountant really can easily be the MVP of your business.
Find a professional and approachable Essex Accountant at Auxesiaonline.co.uk, the one Stop Accountancy Firm in the UK. We are one of the UK's best sources for Essex Accountants that provide good advice delivered in a timely and efficient manner.
Thank you, enjoy your day.
![]() |
|
![]() |
|
![]() |
|
![]() |
WHEN you are operating or planning a small business that... Read More
Whether it has been thrust upon you by external market... Read More
Since you own a business you probably have liability insurance... Read More
If you are looking for a way to own your... Read More
Many new ventures are preoccupied with all the money they... Read More
Grow your Professional Organizer business by branching out into related... Read More
If an organization lacks a mission statement, it is worthwhile... Read More
I ran a franchise company for many years, a car... Read More
As a solo entrepreneur or small business owner, one of... Read More
In my previous article, Step 1, your challenge for the... Read More
When is the Chamber ideal for your business?Joining a Chamber... Read More
Your business is making profits, but where is the cash?... Read More
Cash flow. To stay in business, you've got to keep... Read More
If you own a mobile car washing, pressure washing or... Read More
In many industries, image is one of the last things... Read More
Ongoing support for a franchise system is omnipotent. A major... Read More
With the massive explosion of start-ups and home businesses developing,... Read More
The efficiency of debt collection is the difference between a... Read More
Your business account comes with an ATM, Debit card. Pick... Read More
A successful joint venture marketing effort is the goal of... Read More
To get approval for your small business loan application, you... Read More
One of the primary concerns all small businesses have is... Read More
When a person knows and knows not that he knows.... Read More
Looking for ways to boost your cash flow? As a... Read More
Everyone is talking about small businesses. In 1993, when it... Read More
No matter how small your small business is, it is... Read More
What could Seinfeld possibly have to do with marketing a... Read More
Often smart entrepreneurs look for out of the way businesses,... Read More
1. Have A Strong Constitution ? Justices deliver decisions by... Read More
In the heavy equipment cleaning business you can make good... Read More
If you're like the rest of us, you've spent a... Read More
Do you sometimes find yourself just going "through the motions"... Read More
A Small Business Opportunities Magazine is one of the new... Read More
Pet Transportation Services are needed as the number of pets... Read More
In the book Women and Small Business author gives all... Read More
Starting a business? For many people, the bravery to venture... Read More
How many "get rich schemes" have you joined? Or have... Read More
I agree that knowledge should be free, but the next... Read More
Here are some important points to take note of if... Read More
Mr/Ms, 'not me' is often on holidays in your business.... Read More
By outsourcing to skilled professionals you'll be able to grow... Read More
What makes a business relationship?What really makes a business relationship?... Read More
Starting your own e-commerce business can be quite the adventure.... Read More
Rule 15C211Under SEC Rule 15C211, a U.S. securities broker or... Read More
If you own a mobile car washing, pressure washing or... Read More
Q. I am a former pastor who left the ministry... Read More
Everything starts with a business plan: If you don't have... Read More
"If at first you don't succeed, then skydiving definitely isn't... Read More
I'll be the first to admit that I went a... Read More
In the first part of this article I put forward... Read More
Due to the over regulation in the Franchising Industry and... Read More
In my 18 years of consulting I have heard it... Read More
Often smart entrepreneurs look for out of the way businesses,... Read More
A recent survey showed that only 28.7% of small business... Read More
Time. As a small business owner, it's the commodity you... Read More
The Federal Trade Commission which governs the franchise industry thru... Read More
Do you spend every waking minute in your business? Do... Read More
Company mottos can easily be printed on a business card.Sometimes... Read More
When is the Chamber ideal for your business?Joining a Chamber... Read More
Completion not Perfection Five Keys To Doubling Your Productivity and... Read More
Small business owners often enter their field with great expectations.... Read More
If you're starting your own business or currently work for... Read More
If you don't know what a Virtual Assistant (or VA)... Read More
More sales and more profit. Isn't that what you want... Read More
Lance Armstrong this week won an unprecedented 7th Tour de... Read More
Many people ask how many graphs or charts they should... Read More
Small Business |