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​In Pursuit of Profit

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11/23/2019

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Transitioning from a Bookkeeper to an Accountant

 
Transitioning from a Bookkeeper to an Accountant
Migrating from a bookkeeper to an accountant is a major change that many business owners feel unprepared to initiate. They often ask:
​
  • When is using an accountant absolutely essential for a business? 
  • Should a bookkeeper’s responsibilities be handed off to an accountant, or do they work best in tandem? 
  • Does an accountant need to be hired in-house or can accounting functions be outsourced? 
  • What do the mechanics of a successful transition plan look like and how long should it take to complete? ​​

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11/18/2019

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Should Your Accountant Be Responsible for Bookkeeping?

 
Should Your Accountant Be Responsible for Bookkeeping?
Business owners looking to control expenses will often combine roles under a single job title to reduce headcount demands. 

​This is especially prevalent when it comes to financial positions. 

​Too often bookkeepers are asked to own financial tasks that they are not prepared to take on (like forecasting and tax preparation), while accountants are assigned busy work that they are overqualified for (like entering receipts and issuing checks). 

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11/10/2019

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Do I Need a Bookkeeper or an Accountant?

 
Do I Need a Bookkeeper or an Accountant?
Many business owners wrestle with questions relating to the financial health of their companies.

​They worry about cash flow shortages, hiring expenses, the expected future value of investments, increasing materials costs, and how they will manage all of these financial uncertainties and complexities. 

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11/4/2019

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Taking a Vacation as a Business Owner

 
Taking a Vacation as a Business Owner
​How many vacations should business owners take?
If you have to ask, you are not taking enough.

Americans are taking fewer (and shorter) vacations overall and this trend is magnified at the top of organizations. Business owners are less likely to take much needed vacation time than lower level staff, especially at small businesses and startups. In fact, only half of small business owners plan to take a vacation in the next year and of those, 26% will just take a few days off.

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