Are Your Books A Mess?

SJG Business Advisory Alpharetta

By Stacey Gorowitz, CPA, MBA Just as in personal life, most of us are eager to start our businesses off on the right foot in the New Year. One of the best places to focus attention on is bookkeeping and accounting. If you’re on top of this, you’ll have a good view of the health of your business and be able to make informed decisions as the year progresses. And yet, it’s very common, even for successful companies, to let accounting take a back seat to other operational areas. Here are some questions you should ask yourself as 2014 begins. They may help you find out just how much work you need to do to get your books into shape. Do any of these scenarios sound familiar to you? If you have several businesses, is the accounting and record-keeping set up separately for each company and separate from your personal finances so that you have a clear picture of operations? This is step one to good financial management for your business and your personal finances. Can you look at … [Read more...]

Client Accounting Services Are Changing Where You Focus Your Time

SJ Gorowitz CAS Technology

By Stacey Gorowitz, CPA, MBA If you own a small business, you’ve no doubt been astounded at the changes you’ve seen to the technological and economic landscape over the past decade. There are so many more choices and options in this post-internet, digital world that it can make your head spin! Adjusting may be hard, but the possibilities are fantastic news for business owners. One such change is referred to as Client Accounting Services (CAS). This paradigm offers the benefits of the three mega-trends of digitalization, virtualization and transformation, and it can help all small businesses see bigger profits. By using new technology, your financial professionals can access your accounting records virtually, of course, but they can also interact in real time with you. They now have easy online access to banking records, payroll – anything needed to complete your financial processes and accounting. This means nearly all information can now be transmitted and downloaded – … [Read more...]

Should you outsource your accounting?

shutterstock_90912185

By Stacey Gorowitz, CPA, MBA Has your business needs outgrown the capabilities of your bookkeeper? Do you spend more time that you’d like supervising her? Were you surprised (and unprepared) by unexpected CPA fees and expensive surprises at tax time because your books weren’t in the shape you thought they were? When you are running a business, it’s often tempting to keep a tight rein on your operations by keeping services like accounting in-house. After all, you’re one smart cookie and should be able to handle a few simple debits and credits, right? Not so fast. What often gets owners and managers in hot water at tax time is that, unfortunately, business accounting isn’t always straightforward and very rarely is it simple. For many, outsourcing their internal accounting can be a great way to keep their books balanced and in order while allowing them to focus on providing the best products and services to their clients. Call it leading with your strengths, sticking to your … [Read more...]