- Small business remote accounting services come in many packages
- Some firms only do accrual-basis bookkeeping rather than cash
- You definitely need a dedicated CPA for comprehensive tax service
- There’s more to good accounting service than just data-entry
- SyncLedgers provides many powerful services and support for others
What should you expect from a company that offers small business remote accounting services? Not all providers offer the same level of support. Not all will be able to complete the same tasks on your behalf.
That’s actually a good thing, though, because it means you never have to get stuck paying for more than what you really need. There’s a great variety of service out there available to your company. You can always find the right one for you!
Small Business Remote Accounting Services Keep Life Simple
The first things to consider are the basic facts of outsourcing. Many business owners clutch their pearls in terror at the thought of a third party having access to their finances, but there’s really no reason to fear.
Trusting an outsourced accountant or bookkeeper is really not that much different from trusting anyone else you may know personally. Companies like ours make sure that we and our clients get to know each other on a familiar basis. We make sure that we earn your trust, and keep it.
We can do this because we know that the services we provide offer more benefits than doing everything in-house.
In-house bookkeeping may be an optimal solution for some companies, but not everyone can afford that at first. Services like ours help small businesses cover the gap as long as they need to.
Accrual or Cash?
Make sure that whatever small business remote accounting services provider you work with can help you with your specific needs.
Not all services will offer the capability to deal with both cash-basis and accrual-basis bookkeeping. Some will only help with one or the other.
This is important because using accrual basis may be too complex for a brand new retail business. Likewise, cash basis could be disastrously ineffective for a company using long-term contracts.
Taxes and Other Annoyances
Some firms will offer comprehensive tax support. This can be great, but the big thing you’ll want to watch out for is whether they have a dedicated CPA on staff.
Ordinary accountants and bookkeepers do not have the qualifications to deal with the nuances of tax law. They won’t be able to provide you with adequate counsel as to how you can maximize your deductions and other benefits.
For that, you need to work with a Certified Public Accountant. Such professionals come with the knowledge and experience necessary for successful tax filing.
“While not all CPAs specialize in small business taxes, almost all CPAs are more familiar with tax laws than accountants. Knowledge of the tax code is a big part of a CPA’s licensing exam and many CPAs take tax courses every year to keep up to date on the Tax Code. An accountant also may be able to prepare and sign tax returns, but the designation of “accountant” does not provide assurance of certification, nor does it give the accountant the ability to represent you before the IRS, even if this person has signed your tax return.”https://www.thebalancesmb.com/small-business-cpa-versus-accountant-397384
That’s not to say that firms without CPAs aren’t helpful. In fact, they can make your CPA’s job a lot easier by continually compiling and organizing all of the documentation they’ll need for their assessment. This will prevent a lot of stress for everybody, and reduce your filing costs.
Another important benefit to watch for from your small business remote accounting services provider is how easy they make it for you to see where your money is.
A good bookkeeping firm will know how to use their software to create dashboards and other visual aids that can help you quickly understand the financial status of your company.
SyncLedgers’ Small Business Remote Accounting Services Help You Succeed
At SyncLedgers, we provide the most accurate daily bookkeeping possible for our clients. More than that, though, we add value in many of these other ways we’ve just described.
We ensure that you have as much contact as you need with the team that’s handling your accounts.
We handle your data inputs in the way that’s most appropriate for your business.
While we won’t do all of your taxes for you, we will make them all a whole lot easier.
Finally, we provide you all the tools that will help you see the complete picture of where your money is and what it’s doing for you!
Contact us today to start caring for your business finances even more effectively!