Growing Your Business

Simplifying Your Financials for Massive Growth

by
Tera Kovanes
on
8/17/2016
Simplifying Your Financials for Massive Growth

If you own a small business, you know that there can be all kinds of issues that arise. One of those is dealing with the financial aspects. Fortunately, you don't need to waste any more of your time doing bookkeeping, figuring out the latest TurboTax update, or being frustrated with QuickBooks. Instead, you can leave that to a professional and focus on making some serious money. That will give you the freedom to make business moves that are important to you, and that can set you up for a much brighter future. It's time to live life without financial frustration and the overwhelming tasks that can come with small business financial management.

How Can You Get Your Finances Under Control?

One of the best ways to get your small business finances under control is to put them into capable hands. It's easy to work with an accounting professional, and doing so will often times reduce or completely alleviate the headaches a small business owner faces. Some owners of small businesses want to keep everything in-house, and they may not trust someone else to manage their money, do their taxes, or give them advice about how they can make the most of the money their business is in. While it's understandable to feel uncertain, the right accounting professional can put any small business owner's mind at ease.

Choosing the Best Accounting Professional

When you're looking for an accounting professional for your small business, there are two aspects to consider. First, you have to look at the education and experience that professional has. Second, you'll want to carefully consider their personality. While what they do should be the most important thing, this is also a person you will work closely with, potentially for many years. If you aren't sure about them, don't like them, or can't get along with them, the good advice they could give you could be hindered by mistrust and related problems. Experience matter, but choose someone you actually like, as well.

How Much Will The Accountant Take Over?

How much the accounting professional you hire "takes over" will largely depend on what you need from that person and what you would like them to do for your business. You don't have to give up all the control of your finances. Instead, you may just want them to do your taxes, or to provide you with certain aspects of your financial plan but leave the rest in your hands. By making your expectations clear and asking plenty of questions, you can be one of the small business owners who feels confident about their accounting professional and who also feels like they are still in good control of their business.

What Kind of Growth Will You See?

The level of growth you will see won't depend solely on your accounting professional. There are always a number of factors that affect how a business performs. Still, it's important for you to focus on the day-to-day running of your business, and look for areas where you can expand, cut costs, and give customers more of what they want and need. When you have an accounting professional on your side, you can worry less about the financials and put your energy into great ways to make your business stronger. Having simple financials really can set you up for massive growth.

Overall, you don't have to give complete control to an accountant to get a lot of help for your business. Despite that, you may find that the more you simplify your financials the more you feel like your business can excel. It's one less thing you have to worry about, and when you trust your accounting professional you can more easily shift your focus to other areas where you can make changes and develop a great plan to advance your business and help it grow stronger and more stable in the future.

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Tera Kovanes

Tera Kovanes

Tera D. Kovanes, CPA is a Certified Public Accountant (CPA) practice based in Henrico, Virginia. She can assist you with your tax preparation, planning, accounting, payroll and bookkeeping needs. She specializes in outsourced or part-time CFO work. In addition to being a CPA, she also is a Certified Fraud Examiner.

Tera D. Kovanes, CPA
28 reviews

Virginia

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