Professional Bookkeeping That Grows With Your Business
At AccuFirm, we believe that our clients’ success is our success. That’s why we go above and beyond to provide the highest quality accounting services that help our clients achieve their financial goals. If you are a small business owner looking to outsource the accounting function of your business, AccuFirm provides business accounting services including monthly bookkeeping, financial statement preparation, accounting software set-up, and end-of-year tax preparation.
Why Outsource your Accounting?
- Maintaining and doing your own business accounting can be overwhelming and time consuming, taking your attention away from more important activities that actually grow your business
- Reduce the risk of making costly accounting mistakes
- Be able to quickly generate financial reports not only for decision making but to simplify sales, business taxes and year-end tax preparation
Frequently Asked Questions
Please reach us at info@accufirm.co if you cannot find an answer to your question.
Why do I need an accountant?
That’s an excellent question. Although some business owner’s may see it as an unecessary expense, there are many benefits to having an accountant. For one, we’ve noticed working with clients, those who do not have a dedicated accountant, end up running into tax and compliance issues. They overpay in taxes, have a harder time obtaining the financing they need to grow and scale their business, and often don’t have an objective understanding of what’s going on with their business. A dedicated accountant is a financial partner, that helps you achieve your financial goals more effectively. To learn more, listen to our podcast episode, Why You Need an Accountant?
What accounting services does a small business need?
Many business can benefit from the following small business accounting services:
- Financial statement preparation
- Bookkeeping services
- End of year tax preparation
- Payroll Management
Can I do my own small business accounting?
If your business has a dedicated in-house accountant who is experienced with handling your day to day accounting and bookkeeping functions, then you may choose to keep your accounting in-house. Also, if you’re new to doing your own accounting, you can grab a copy of our QuickBooks Online Beginner’s Guide, to help you do it on your own.
However, if you do not have the time or resources to keep your books up to date, it pays off in the long run to work with a local CPA. The benefits of outsourcing your accounting can greatly outweigh the cost of tax penalties, inaccurate records, and non-compliance issues.
Do I need an accountant if I already use QuickBooks or a similar accounting software?
Although QuickBooks is a wonderful tool, and what we do recommend for business owners to handle their own bookkeeping, the software in and of itself may not be able to detect all errors, prepare and file your tax returns, or even determine if the accounting is being done in accordance with generally accepted accounting principles (GAAP). Working with a trusted CPA can greatly reduce costly errors and ensure more accurate records and compliance with laws and regulations.
What is the difference between bookkeeping and accounting?
Bookkeeping is the daily recording of day-to-day business transactions. Bookkeeping data includes manual data entry, invoicing, bill payments, payroll, and more.
Accounting ensures that bookkeeping is being done according to establish accounting standards. It is the classification, reporting, and summarizing of bookkeeping data for a specific purpose such as tax preparation, or to obtain a bank loan.[
What does a small business accountant do?
A small business accountant offers several different services which can include bookkeeping, financial statement preparation, and payroll.
Our Services
Contact
228 Park Ave S PMB 843749, New York, NY 10003
1-718-313-0785
info@accufirm.co