Close

Delete Collection?

Are you sure you want to delete this collection permanently?

Close

Delete Collection?

Are you sure you want to delete this collection permanently?

Everyone has a Story to Tell and an Experience to Share!

Let’s Start Writing
c5660ac4-a4d2-4a76-87d3-143d31d01e49

5 Myths about Accounting Debunked

Small businesses don’t use the services of a professional accountant, and it is due to the lack of understanding or the industry and the benefits.

#

Small businesses don’t use the services of a professional accountant, and it is due to the lack of understanding or the industry and the benefits. If you as a company don’t employ effective accounting practices and are unwilling to trust the expertise of an experienced Manhattan CPA, you may be exposing your business to various financial risks. Common myths that you should debunk before hiring a professional accountant:

1-With Technology Accounting is Easy

Undoubtedly, technology has helped, and there are the latest applications available in the market, but they only make the job of a professional accountant easy. There are many complexities and many unquantifiable circumstances that are involved in analyzing the data.

Furthermore, technology can work as an enabler for the development of the strategies, but you need a CPA for the same. A business may be able to manage some aspects of the company’s finances, but not be able to handle the might of a trained CPA.

2- An accountant can Quickly Solve Any Problem

Accountants are very skilled in analyzing the root cause of financial issues. They can suggest the best course to overcome the same. But if you assume that they are a remedy for all the problems in hand, you should think again. If your company is in a deep financial crisis, it will take time to come out of the mess even if you have hired the best accountant. A better approach is to hire an accountant as soon as you start your business.

3-Accountants are good Mathematicians

Some believe that the accountant’s job is that of the mathematician. Accounting doesn’t need any sort of complicated math like calculus. When you approach accounting, you should bear in mind that it is about organizing and analyzing the finances and doesn’t need exceptional math skills. An accountant prowess is more related to business acumen which means that they provide practical strategies for the business.

4-Hiring An Accountant Is Best For Your Taxes

Some confuse accountants with the tax preparers. Although CPAs do provide useful tax services, they are essential for the company’s profits. Accountants provide the services which are helpful for the business, but CPAs often do more than that. Besides helping with taxes, a CPA can help you set-up and maintain the books and also develop financial strategies that will fulfill the companies goals and needs. They will recognize the weaknesses, and the problems with your finances and suggest the ways to improve. When it comes to compliances with taxes, CPA is the most useful. But the benefits of taking the services of a CPA go far beyond the interactions with the IRS.

5-They Are Meant For Big Business Only!

Whatever be the size of your business, you need to have an accountant or a CPA to handle the accounting books. He can manage the records well and deliver the results as expected.

Finally,

Before you hire a Manhattan CPA, you should debunk these myths which will ensure that you get the results as desired. 

Tags:-

Manhattan CPA

Categories

Accounting
Related Articles

As a company evolves, so does the challenges it faces to stay afloat and combat competition. Mostly, challenges are faced by departments such as sales, services, marketing, finance or a combination of two. In such a case, you may have to upgrade your CRM software or migrate to an open source system. It is imperative that the selected course of action should be well thought out and discussed with experienced SugarCRM Consultants. This will help to arrive at the best open source CRM software which is best aligned with your business requirements. Finding a trainer with the right set of skills and capabilities is critical for the success of the company. If you are finding it difficult to hire an incumbent, here are a few guidelines that will help in making your decision.

#

Look for references: Before you finalize SugarCRM Partners, ask for testimonials of other clients. You may also contact previous clients to ascertain if they were satisfied with the experiences and the training session they have had. While inquiring, you should be asking questions such as was the trainer punctual, professional and co-operative. Did the company feel at ease and were they completely satisfied with the service received. You may also ask friends and colleagues for recommendations.

Have a one-on one session with your trainer: Initially, you will only have to rely on your instincts about the impression the instructor makes. The right trainer is one that is positive in their reinforcement. You should feel motivated and comfortable communicating with the person concerned. Before bringing the person on board make sure that you get along well and the instructor is willing to go the extra mile in delivering the best session. Contact a few of them and weigh pros and cons. So when you are ready to start working with them, this expert will make it easy to adopt new technology standards.

#

Take a class for observation: Before signing up for a training session with SugarCRM Consultants, take a class to observe the style of teaching of the instructor. This will also give you a chance to take notes about the trainees. Are they enjoying the class or do they look confused? You may also talk to some of the participants to better gauge their opinions. In case the trainer refuses you to sit in their class, you must oblige accordingly.

Determine the size of the class: You can tell a good instructor from a mediocre one by seeing how much command they have on their subject. It also depends on how relevant the information is and how the CRM software will benefit the business. A good trainer should demonstrate with real-time examples. It is also essential that the trainees are assisted at every step of the way. When you collaborate with notable SugarCRM Partners, the team will help you right from consulting, training to integration. Class size is also very crucial and it is important to have a small group so that each person can be given personalized attention.

We hope that these easy to follow guidelines will go a long way in ensuring that the business has taken a step in the right direction.

Reference Image
Close