Small Business Accountant Perth

  You are running a successful small business. Your customers are gratifying you by giving you money. You may be making so much money that you need someone to keep track of it all. Perhaps it is time to get a Certified Public Accountant (CPA). How do you know if you have found a qualified CPA to help your small business? We can help you find the right CPA for your small business . Why Small-Business CPAs are Important An accountant is a professional that handles all the math-intensive tasks associated with running a business. They prepare financial documents such as tax returns and profit and loss statements and also do financial planning. A Certified Public Accountant is an accountant who has met the education and experience requirements in the state where they reside and pass the Uniform CPA Exam. So, CPAs can be considered accountants.  All accountants are not  CPAs. A CPA cannot make business decisions  for  you - after all, this is your business - but a CPA may be able to offer so

Bookkeeper duties include data entry and receipt processing.   The bookkeeper is responsible for recording all financial transactions in your general ledger. This is also known as recording journal entries.   Although it sounds complicated, this is often just a matter of entering all transactions into accounting software. Bookkeeping is not just about entering numbers into spreadsheets. It requires careful analysis and legal knowledge.   Bookkeepers can help you survive an audit by making sure your records are organized and that your deductions are legal. Let's take a closer look.   Four critical financial statements are typically prepared by bookkeepers. The Income statement, also known as a Profit and Loss, shows how much you have earned and what your expenses were over a given period. The balance sheet is a snapshot of your financial situation at one time. The cash flow statement is a record that shows how cash and cash-like items are entering and leaving your company. Statemen

The accounting department of your business is the engine behind all decisions.   All decisions you make about inventory, payroll, risk, reporting, and so forth, are reflected in your books. It's an area that is ripe to optimize, and even small companies can improve their back-office efficiency by making the necessary adjustments to their bookkeeping and accounting operations. 1.  Develop a detailed budget You will need to keep detailed records of all expenses and the type of funding that you are using.   It might surprise you to see how many small business owners manage to bootstrap this process without putting everything on paper. Start by writing down your budget and begin to look at the details. 2.   Choose the right accounting method As they begin their business, small businesses must choose between accrual or cash accounting.   Cash accounting is easier to access, but more difficult to maintain at certain points in your company's growth.   You need to understand the diff