As an accountant Orlando I ask this question to many individuals; Have you been thriving on the DIY mentality up until now? And now that you are seeing the red flags enough to know you aren’t going to succeed on your own, you decide to seek financial help. In order to cross over the fine line between failure and success you have to choose the right person for the job.
Read the following blog to know what you should be considering before hiring full-time help or even before you outsource your work to an accountant Orlando.
An Accountant Orlando or a Bookkeeper – What’s the Difference?
Accountant Orlando and Bookkeepers are both involved in serving two major but independent functions that all businesses require. However, the fact that there are a number of similarities between these two processes makes it confusing for many people.
They both need basic knowledge about accounting. If it’s a smaller company, the bookkeepers may even be fulfilling the role of an accountant Orlando (given that they are provided with the appropriate software to automate it) or vice versa. But to be qualified as an accountant Orlando means a greater degree of expertise and, in most cases than one, they are also advising the bookkeepers on reviewing their work and ensuring accuracy for the hands-on task they have to do daily. They can envision the bigger picture, help you proceed strategically, produce important financial documents, file taxes for your company, and can remain on as the chief financial officer.
Accounting is all about how any financial data is being recorded, interpreted, classified, analyzed, reported, and, finally summarized. The accountant Orlando in a firm/company will be concerned about analyzing the transactions that are in the financial statements along with those in the business reports. Certain standards and principles help them to analyze it and be able to make relevant conclusions about how a business is performing, helping leaders to make better decisions in the future.
On the other hand, bookkeeping is more about the way transactions are being recorded, i.e. it constitutes the foundation of the complete financial process. Bookkeepers, therefore, aim to maintain the records in a chronological fashion every day on job. With softwares, they are also asked to sort out and review the data in the form of financial reports.
An Accountant Orlando Helps Keep a Close Eye on Your Accounts
The first part is about knowing what services you and your business needs from that accountant Orlando before you promptly engage one. Get recommendations and do your research so there are no surprises later on. Seek one you feel compatible with, who has similar values. An accountant Orlando would most probably furnish references too. They need you to be confident in their way of dealing with and advising you on legal and tax issues while working to increase your profits.
Expect them to be ethically and professionally responsible. They need to be impartial and honest, respect confidentiality, and work according to your standards. On a final note, find their basis of charging and you will be good to go about hiring the most important person for your business.
If you need more information about our Orlando, FL accounting and tax services, please contact us at 407-344-1012. Freedomtax Accounting’s staff has been providing honest accounting services and tax services for 15 years. Our Orlando accounting and tax firm has its main offices in Kissimmee, FL. Our services are provided nationwide, but mainly in the Central Florida market to areas like Orlando, South Orlando, Kissimmee, St. Cloud, Poinciana, Clermont, Davenport, Hunters Creek, Lake Nona, Celebration, Winter Park, Windermere, Dr. Phillips, Maitland, Altamonte Springs, Winter Garden, Ocoee, Apopka, Belle Isle, Edgewood, and Oakland FL. Our tax accountants and IRS enrolled agents (irs ea) specialize in corporate accounting and bookkeeping, tax services, tax preparation, back taxes help, tax debt relief, tax resolution, tax planning, itin number, incorporations, and non profit 501c3 tax exempt.