Why should your business hire an accounting firm

Using an accounting professional to oversee the annual closing of your company's books and to prepare its taxes leaves you, the business owner, more time to concentrate on your core duties. You might also want to have your personal finances overseen by an accountant if you have several sources of income and/or a variety of deductions.  (Small Business Accounting Firms)


Know which tasks are done by which type of accounting employee. Accounts payable and accounts receivable are often handled by a bookkeeper and accounting clerks. Even small companies usually have a controller who oversees the monthly and quarterly closing of the books. Accountants supervise the year end closing of accounts and the filing of tax returns. (Accounting for Small Business)


Differentiate between the duties of an accountant and a CPA. Accountants are qualified to handle most of the day to day business of a firm and they can also be controllers of a company. Only CPA's can sign off on the audited results of a company. (Full Service CPA Firms for Small Businesses)