Is Accounting Only for Big Businesses?

Is Accounting only for big businesses? Well, the answer to that is an emphatic and resounding NO. Accounting plays an essential role of running a business. No matter how big or small that business is. An Accountant is the go-to person if you as a business owner needs information about any part of your business’s finances.

Your accountant can tell you in an instance whether your company is making a profit or loss and will know how “healthy” your businesses finances are. Accounting plays a vital role in every business. If you own a business and are in need of an accountant just call the number below.

 Contact Rebecca C Penner Today at 403-966-2814

Even if you have a bookkeeper you might still wonder do I need an accountant too. Again, the short answer to that question is a resounding YES. Bookkeepers are not accountants no matter what some may tell you. There are certain things a bookkeeper can and can’t do.

As you can see on my website, I do offer bookkeeping services as well as accounting services. I am able to offer these services with confidence as a Chartered Professional Accountant (CPA). Which means I can also provide financial planning. I will explain what all this means below:

Bookkeeping

Usually, the bookkeeping part of any business is overseen by an accountant. Accountants use the information provided by the bookkeeper to prepare financial reports and statements. So bookkeeping is essentially one segment of the whole accounting system. The accountant will start where the bookkeeper ends.

Financial Planning

Financial planning as an accountant means that we can help discover areas within your business that need attention and potential risks you may face within your business. We can also offer feedback on your current business incomings and outgoings. We are not financial advisors in the sense where we can help you with your investments. But as a Chartered Professional Accountant (CPA) we can help with the financial decisions within your company.

So, going back to our original question. Is Accounting only for big businesses and what role does an accountant play in your company.

The primary task of an accountant is to prepare and examine financial records. We make sure that records are accurate and that taxes are paid properly and on time, (refer to my blog on taxes click the link here). Accountants and auditors (which accountants can also perform), perform overviews of the financial operations of a business in order to help it run efficiently.

Finding a professional that can take the worry off your hands and have the confidence in knowing that your company is taken care of is an important part of running a business.

Please contact me for a FREE initial consultation at 403-966-2814

As always thank you for taking the time to read my blog.

If you have any uestions, please don’t hesitate to reach out.

Sincerely,

Rebecca C Penner CPA, CGA