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From Our Point of View

How Do Small Businesses Maintain Basic Accounting? Thumbnail

How Do Small Businesses Maintain Basic Accounting?

Accounting for small businesses can be a daunting task. There’s a lot to manage, and all accounting needs to be accurate to maintain your business's financial security. In-house and hired accountants alike focus on several factors to make sure your business is on the right track. So what’s right for you: do-it-yourself accounting or professional services?

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Do Small Businesses Need Accounting? Thumbnail

Do Small Businesses Need Accounting?

If you own a small business, you know that many decisions you make will affect how successful your business is and how much money it will make. One of those decisions is the types of accounting services to use. These services are auditing, cost accounting, financial accounting, forensic accounting, tax services, management accounting, and payroll processing. Keeping these services in mind will help you decide whether to use small business accounting software or an accountant for all your accounting needs. Considering the cost and what you’ll get from each service will also help you decide which to use.

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What Are the Four Types of Accounting? Thumbnail

What Are the Four Types of Accounting?

The main types of accounting are: corporate, public, government and forensic. Although it can be a little tricky because accounting services can be broken down in a myriad of different ways, depending on how you want to look at it. We’re going to look at 4 broad categories here, then drill down into some more specifics that you might get into within each one. Let’s look at the types of accountants and what they do in more detail.

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What Accounting Services Can Be Outsourced? Thumbnail

What Accounting Services Can Be Outsourced?

Accounting services provide an avenue for businesses to hand off their accounting needs and worry about other critical business operations. Not only that, but outsourcing accounting services can be cost-effective by paying only for what you need, so it doesn’t break the bank. Outsourcing is primarily motivated by cost reductions, a desire to focus on core business tasks, and the need to address capacity constraints.

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