Small businesses must constantly juggle competing priorities and make the tough decisions on where to allocate valuable resources. Here’s a great excerpt from an article that discusses many valuable reasons to connect with an accountant to help with your business financial planning.
…Accountants bring knowledge, experience, expertise and a perspective that can help build a plan to turn business ambitions into reality.
Here are seven reasons that all small business owners should keep in mind when deciding whether an outside accountant is a fit for their operation.
Business owners using an accountant report the service is key to their success. In an accountant usage study conducted by Sage among U.S. business owners, 89% of respondents agreed that working with an accountant was a critical element of their success.
Accountants can bring your financial information to life. If all your data is just “sitting” in a database and you’re not interpreting, analyzing or using it to help drive your business direction and decisions, then you’re missing out on a great opportunity. Have an accountant help you dive into the numbers and use them to propel greater business growth and profitability in the future.
Accountants can provide a new perspective. Sometimes small business owners are so “in the weeds” running the day-to-day operations of their business that they may not be able to see the whole picture. Someone who is removed from the business can provide a different perspective that may otherwise be missed. Meeting with an accountant can be like taking a step back, looking at the bigger picture and gaining a fresh, new perspective. Sometimes that’s all it takes to come up with the next big idea.