Bookkeeping & Accounting Services For Business Owners in Oregon, City
Working with a professional Oregon City bookkeeping and accounting service is one of the smartest moves you can make as a new business owner. It’s surprising how many new companies overlook the importance of properly managing finances from day one. They also aren’t always aware of the full breadth of services that an accounting firm can offer. Accountants can do a lot more than help you with your tax returns, though that is one of their many services. Here are some others.
Managing Accounts Payable And Receivable.
As a new business owner, you may have built a beneficial relationship with a supplier who will allow you to purchase goods on credit. Upon doing so you create something referred to as “accounts payable”. On the other hand, depending on the nature of your business, it is possible you have sold goods to another company on credit. Those are referred to as “accounts receivable”.
Properly managing these accounts is extremely important for a business of any size. These accounts represent liabilities or assets for your business. An accounting firm can help you fully understand the nature of these accounts as well as help you properly manage them.
Easily one of the most confusing tasks that accountants are trained to handle. Many small business owners have no idea what a bank reconciliation is or whether they need one. In reality, every business needs one completed according to regular intervals. Otherwise, their company could find itself dealing with unexpected financial losses.
Professional Tax Specialists
One of the top priorities of business owners is paying fewer taxes and we know it. We can achieve this through in-depth tax planning. Whether you are sole-proprietor or a corporation, we will accommodate your business needs. We will work alongside your business all year round to tailor fit tax-saving plans that best fits your situation. Our expert advice on accounting will give you peace of mind as you sit back with the full knowledge that your tax return preparations are in good hands.
We will exhaust all opportunities for you to save on taxes and as well as minimizing any tax liabilities to maximize any future opportunities while still maintaining full compliance with IRS statutes.
Accounts and reconciliations certainly aren’t all that accountants/bookkeepers are trained to help with. A few other areas of expertise include:
– Quickbooks training and support.
– Staff training.
– Properly recording and managing financial statements.
These are all areas of high importance for any business; whether new or old. It’s a good idea to discuss these areas with a professional accountant if you haven’t done so already.