Whether you use an online accounting solution or not, it has revolutionized the world of business.
In fact, it did said revolution to such an extent that it is almost possible to do everything without the help of a third party, or in this case, an accountant or bookkeeper. However, the keyword here is almost.
Because no matter how many things accounting software can do, some work still has to be done by accountants – even if it only means a temporary assignment for them.
And that is not by all means a tragedy.
Hiring an accountant for a longer period of time has the potential of saving money, but if you think about it, the same goal can be reached by only assigning the accountant with work when his/her services are needed. The reason behind this that even though you or one of your coworkers may be able to process incoming/outgoing invoices, manage your payroll and have the online accounting software get everything set in place, but tasks like tax reporting, preparing financial reports and other tricky finance reports are things you better leave up to an accountant. This greatly reduces not just the workload you have for your accountant, but also the frequency at which this person should be working on your books. You can eliminate a monthly bill of your bookkeeper by only relying on his/her services when you actually need them; furthermore, you shouldn’t fear paying the difference when you enroll an accountant’s services again. There are more than plenty of accountants who have successfully adapted to the changing landscape. They’ve switched to working as freelance accountants and have embraced and mastered online accounting software solutions.
Nowadays accountants and bookkeepers are openly encouraged to be sole proprietors, meaning they are working for more clients at the same time. This is especially true for aspiring millennials who, according to researchers, never stay at the same workplace for more than 5 years. Speaking of millennials and sole proprietors, guess which tool they have in common: cloud software to manage all of their clients, which is most likely the accountant’s version of an online accounting solution – hopefully the one you use – or a tool that could integrate into your accounting software.
The point is that your temporary accountant can have access to your business reports and can maintain general ledgers/charts of accounts, prepare financial statements, manage payroll and fixed asset accounting, file tax papers or anything else you think you can’t handle by yourself without the need to drag him/her over to your workplace each month/quarter/term/year.
A win-win situation for both parties.
The internet is full of newcomers and other sole proprietors eager to work for you – you just need to learn how to find them.
In a previous article we already talked about that you can always turn to family members, friends, acquaintances for referrals or use search engines like Google, the American Institute of Certified Public Accountants (AICPA), Upwork, Freelancer.com or PeoplePerHour.
However, you can hit two birds with one stone if you use the right online accounting solution: Xero, FreshBooks, QuickBooks Online, and Sage all maintain an affiliate program for accountants and/or firms where they can get a certification that proves they are qualified to use the software in question.
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