Solutions » Small and Medium Business
Most business owners are highly capable and very good at what they do. However, it is usually a complete coincidence if they are also good accountants. It is a lot like taking your car to a mechanic when you know nothing about auto repair. You may find a good mechanic who knows that you only need a simple gasket and charges you $25 or you may find another who tells you a new engine is needed and will cost $2,500. Similarly, if you don’t know accounting you likely have little idea what kind of accountant you need, how much to pay them, how many hours the work should require and whether or not they are doing quality work. And perhaps more importantly, whether or not they are stealing from you!
In addition to that, there is a shortage of good accounting people in the workforce and the business owner is constantly frustrated that they keep losing their accountant. Losing one’s accountant can be a killer for a small business, especially where there is only one person. Losing your financial reporting capability can be like flying a plane at night and having your dashboard go dark on you.