Do I Need An Accountant? | Accounting Services Guide

Do I Need An Accountant? Accountants, affectionately known as bean counters, occupy a vast array of roles and specialties. Once upon a time they wore brown suits, thick rimmed black glasses and sat in a dark corner office hammering away on a calculator. Today the scene is somewhat different. Your accountant should be an active part of your business and most definitely have their finger on the pulse of what is happening in your industry as they help you to remain competitive and profitable.

It’s easy to be in a constant state of overwhelm as a business owner. To avoid this you’ll need to leverage all of the things you could be doing but can get someone else to do. For many businesses essential financial planning and reviews just don’t get done. It’s just a case of head down, bum up and hope for the best. Of greatest danger is when lots of sales are being made but the cash isn’t flowing in. How many businesses manage the financial side of their business simply by whether or not there is money in the bank?

It has been said that what gets measured gets results. This can be applied equally to staff, product sales and to the financial side of your business.

You have a number of choices:

Do it yourself - Even if you can manage the accounting function yourself you need to ask yourself if that is the best use of your time. What are you sacrificing in order to “do the books” yourself? Could your time be better spent increasing sales, improving the staff morale or maybe even spending more time with your family?
                              

In House Accountant – If your business is large enough you may choose to hire an in house accountant. The upside of this approach is that they will come to know your business intimately and are on call whenever needed.

Outsourced Accountant - Most small business will take this approach. There are many benefits. For example the accountant is being constantly exposed to many businesses and you will get the benefit of this added expertise indirectly. Consider the benefits of leveraging your time by sharing the accounting responsibilities of your business with a qualified and accredited accountant that has the capability to provide the accounting services that you need.


Contact us for In house or outsourced accountants visit our website RRAccountants.co.uk or send us email info@rraccountants.co.uk for further detail.