Forums: Discussions for entrepreneurs and small business.

Ken you are providing a great service.  Most accountants just push paper and fill out forms.  I try to teach my Accountants, Chartered Accountants and CPAs to break the cycle.  Many it would seem want to just get a copy of the clients software and fill out forms.  The client starts the problem and the preparer just carries it forward.

Entrepreneurs/businessman should focus more on business mission and let bookkeepers record transactions, accountants to do the financial side and tax experts do tax planning.

But i agree business owners should have a better understanding on money matters so that they can evaluate if reports presented are true or misleading.

I have found that understanding the finances can be a major roadblock for entrepreneurs (new and existing!).  As a bookkeeper, I focus on not only the data entry and day-to-day accounting (A/R, A/P, invoicing, etc.) but I also try to make sure that my clients understand their accounting reports and what they mean to help them better manage the financial health of their company.  Not paying enough attention to the bottom line is a sure route to failure.


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Lily E. Chambers CPS, CQU
"Why hire a mere mortal when you have access to a Goddess"
www.virtualofficegoddess.com

Well, they won't if they start using softwares for handling finance and accounting. Yes, its true that with the help of accounting software one can easily speed up things which would be great for the growth of the business.

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Moving Software

 

 That's great that you have that passion for your clients to understand the numbers. It's tough in a startup business to understand the importance of accounting. Keep it up OfficeGoddess!

I Never Understood the Importance of Accounting

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