Accountants have been those geeks that so many of us small business owners never want to talk to. We want to leave them in the “backroom” and we often have no clue what they’re saying. I’m kind of teasing. There are many financial professionals in my life who I appreciate. These include
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Modern Accountants are Partners
In a discussion with Ben Richmond, who heads US operations for
If you’re just
As you grow, they will grow with you.
A modern business financial advisor helps you see the insights in your numbers and see trends before they happen.
NOT see what happens after the fact.
Beyond Just Tax Preparation
Sure they can help you prepare your taxes, do your bookkeeping and generate reports.
But if that’s all your accountant is doing for you, you’re missing out.
Ben explained how the PPP and EIDL financial help that businesses were offered by the US Government was a wake-up call for many businesses.
Those businesses that had great relationships with a bank or other financial institution, faired well.
ALSO those who were able to quickly get the proper documentation together.
Those businesses that didn’t have proper records had a challenge meeting the requirements to even apply for financial relief.
The tool you use is important.
Stop using Excel, sticky notes and a paper ledger to do your money management. Use a TOOL, like Xero to help you. In addition to the TOOL, work with a financial advisor (accountant, bookkeeper, etc) who can help you GROW.
Modern accountants can help you understand the TRENDS in your business and make better decisions.
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