Breaking down the mystery of getting Quickbooks accounting pros to help you.
Have you been thinking about hiring Quickbooks accounting pros? If you’re undecided, maybe you could use some guidance. What you need is a better idea of the benefits of a Quickbooks accountant, not just throughout the year, but especially at tax time. Take a look.
What is a Quickbooks Accountant?
Let’s look at what an accountant does, because it’s not just about counting beans. An accountant is responsible for preparing and managing the financial records for an individual or business. This can include maintaining the general ledger and keeping track of the books, keeping track of operating expenses, preparing and reconciling reports, managing profit and loss statements, preparing reports, overseeing budgets and managing payroll. Not only do they ensure accuracy in all the data, but they are responsible for preparing and filing taxes on time.
Quickbooks is an accounting software program that helps businesses keep track of all their financial information. You can use it to manage sales, income, payroll, inventory, banking, billing and invoicing, taxes, reporting and more. So to answer the original question, a Quickbooks accountant is an accountant who uses Quickbooks to do their job and manage the finances for their client or clients.
What are the Benefits of Hiring a Quickbooks Accountant?
The main advantage of hiring an accountant is to take the accounting off your plate. There’s only so much time in the day, and you are the subject matter expert of your product or service, but that doesn’t mean you have to be an expert in accounting. Nor should you be. Instead of spending your time learning best accounting practices and then managing your books and finances, let a professional take charge so they can do it right and relieve you of the burden.
Some of the other benefits of hiring an accountant include:
- Keeping your books on track – an accountant will make sure all transactions and information are input and recorded daily, so you’re never out of date or past due.
- Advise you on financial decisions – as someone with insight into your financial situation, your accountant can help guide you on decisions regarding investments, equipment purchases, changes in overhead, budgeting and staffing.
- Insight into legalities – keeping track of your finances isn’t just nice to have. It’s a requirement. An accountant can make sure you’re doing everything by the book so that when tax time rolls around, you know you’re in compliance.
- Expertise – your bottom line is the lifeline of your business. If you don’t manage it well, it could be the end of all your hard work. An accountant has the expertise to ensure everything gets tracked, recorded and reported accurately.
What Does This Have to Do With Taxes?
Now you know about Quickbooks and accountants and the benefits of Quickbooks accountants, but what does this have to do with your taxes? First, let’s look at Quickbooks. The benefits of having this software program for your business don’t stop at day-to-day operation. The real benefit comes from having all your data in one place, so that come tax time, you don’t have to hunt for expenses and deductions, earnings and costs. It’s all at your fingertips.
So why do you need an accountant if you have Quickbooks? Because an accountant knows all things finance, and that taxes, staying up to date on tax laws, understanding deductions, being aware of deadlines, and knowing what, how and when to file. Not only that, they can help advise you for the future, including growth and investments. That means you can make choices to help your business thrive without putting yourself at risk for changing your tax liability.
If you’re struggling with your books and dread preparing your taxes, don’t panic. Call 678-990-0924 for a free consultation to learn how Quickbooks accounting pros can help your business.