Ways a Small Business Accountant Can Streamline Your Bookkeeping

For small businesses, one of the best things you can do is to enlist the services of an accountant. A small business accountant can help in a wealth of ways, from streamlining your bookkeeping to enabling you to take advantage of tax deductions. Ultimately, it’s highly recommended that every small to medium sized business works with an accountant. 

In this post, we’re going to take a look at the various ways that an accountant can assist a small business – so keep reading on to learn more. If you’d like to find out about the professional accountancy services we provide, then please do not hesitate to contact the Bond & Co team today. 

Different Services that a Small Business Accountant Provides

Small business accountants provide a number of different services, covering a wide range of aspects of accountancy. The services that they provide often include; bookkeeping, audits, payroll, RCT returns, VAT returns, tax returns and tax advice, landlord accounts, limited company set-up, tax registration and sole traders, and help with revenue audits and aspect queries. 

Professional accountants are required to have a practising certificate in order to provide these services to their clients. This certificate is issued by a professional body to accountants with the necessary qualifications, experience and skills to provide accountancy services. The professional body also sets out the standards that an accountant must adhere to when providing their services. So, you can have peace of mind when using small business accountants.

Benefits of Having a Small Business Accountant

As we’ve briefly mentioned above, there are many advantages to using a small business accountant. First of all, a big benefit is the automation of tasks; an accountant can provide their clients with the latest technology to streamline and automate the tedious tasks associated with accounting. This can include automated invoice creation and payroll processing. By automating these tasks, a small business accountant can save their clients time and money.

Secondly, an accountant can help implement a budget. They can help their clients develop a budget that outlines how their business will allocate its resources. The accountant can help the business track their expenses, income, and profits, while also providing advice on how to maximise their profits. 

Furthermore, they can ensure accuracy with double-entry bookkeeping. This is a system that ensures accuracy in a company’s financial records. A small business accountant can help their clients implement this system in order to ensure that the business’s financial records are accurate and up to date. 

In addition, they can streamline financial reporting – this includes creating financial statements, such as balance sheets and income statements, that are easy to understand and accurately reflect the business’s financial situation. Lastly, they can help small businesses take advantage of tax deductions, identifying and taking advantage of tax deductions that are available to small businesses. This can help the business save money and pay the correct amount of taxes.

Searching for a Small Business Accountant in Dublin?

Now that you know more about how a small business accountant can aid your business and ensure that your accounts are in good order, if you’d like to enquire about the business accountancy services that we provide at Bond & Co, please contact us today. 

You can reach us by phone on 01 8409173. We’re always here to answer your questions, provide you with more information about our services and discuss your requirements in more depth. We look forward to hearing from you soon.