Why Use Accounting Services for Your Business?

“Don't ever let your business get ahead of the financial side of your business. Accounting, accounting, accounting. Know your numbers.”

Tilman Fertitta,

CEO and owner of Landry’s Inc.

As a small business owner, finding an accountant that you trust should be one of your main priorities. It can be easy to overlook your numbers and figures when you’re trying to build your business, convert leads into customers and manage staff. And without a dedicated accountant to interpret and analyse your finances, you can easily veer away from your budget and projections and go off course.

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Some business owners don’t even hire an accountant or a bookkeeper until they think something is wrong with their finances. By handling your own accounting without solid understanding of it, you can run into poor cash flow management or even a lack of capital. These are common mistakes that can be easily avoided.

Accounting is the cornerstone of a business. Most successful businesses will say that they have a great accountant that they can trust to hold them accountable to their numbers and make sure their business is financially healthy.

Accounting services are a necessity to succeed in business. If you want to feel confident in your financial health and secure your business growth, finding the right accountant is the first step.

Why use an accountant in small business?

Accountants are trained to deal with financial matters and are sharp enough to interpret the health of your business from the numbers you provide. While it may be cheaper to do the accounting work yourself in the short term, it’ll relieve you of stress and save you more time and money as your business grows.

Some advantages of working with an accountant are:

Trustworthy financial advice

Not only do we provide you with a picture of your business’ financial health, we can advise you on what steps to take to improve

More time in other aspects of your business

Because you’ve left the number-crunching to us, you can focus on other important aspects of your business.

Fewer errors

We specialise in our craft and are less likely to commit errors when doing the maths, saving you the headache of having to repeat equations because of a costly mistake.

A systematic cash flow

Because we have such an intimate knowledge of your costs and revenue, we know how to systematise and come up with spending plans for your business.

Management of taxes and debt

By sourcing the best borrowing strategies and knowing the most efficient repayment schemes, we can help you manage your debt and lessen your tax exposure.

Spotless records

With clean records, it’ll be easier for you to sell the business in the future if you wish.

Forecasts and predictions

We can create accurate projections on how your business will develop, allowing you to make more strategic business decisions.

Money saved

Because you’ve got an expert to handle the finances, there’s a reduced risk of any miscalculations and misplaced records, as well as sound financial advice.

When it comes to hiring an accountant, you have the option to outsource. Doing so gives you a global talent pool to choose from, allowing you to pick the right person for the job. A lot of outsourced labour can be more cost-effective than hiring someone in-house. It can also relieve you and your team of the burden of handling the payroll, accounts payable, and accounts receivable since an accountant can take care of all that.

Outsourcing accounting services gives you more flexibility, more time, and someone dedicated to your business’ growth.

How our small business accounting services work

Our small business accounting services are tailored to your needs. We focus on your entire business—you have the potential to optimise tax, improve your systems and processes, and increase profit. By keeping the finances simple and breaking everything down for you, we can definitely help you reach your financial goals.

We know how important your business is to you and we’ll treat it with the same care that you do. It’s just as important to us as our own business. We’re your partner through this endeavour and want to watch you succeed. Building a valuable, lasting relationship with you through providing accurate storytelling through numbers and financial advice is significant to us.

And while numbers can be overwhelming to you, they excite us—so we’re definitely going to be as committed as you are to your business.

We want your business to thrive and reach its full potential so we’re committed to analysing your numbers and providing you with strategies to help you grow.

Here’s how we’ll work with you:

We conduct an initial conversation with you.
We ask questions to better understand you, your business, and the pain points that you are experiencing.
We have a formal meeting with you once you’re comfortable with us and perform an audit of your current financial practices and position by looking at profits and losses, balance sheets, and financial projections. We also ask about any insights you may have on your cash flow.
We create a workable solution based on our review and walk you through our proposal so you understand what you’re investing in.
We help you achieve your goals by creating the space for growth. When you’re not stressed about your accounting, you have more time to worry about growing your business.

We’re also available for unlimited phone calls and emails, offer cloud accounting to keep your data safe, and proactively provide you with support. We understand that your business grows more complex as it develops, so we conduct annual reviews to see how we can change or adjust our approach to best suit your needs.

“Outsourcing my bookkeeping and accounting to HY Accounting gives me peace of mind knowing that my financials are well-managed and I have professional advice at my fingertips. They know my business well and have consistently supported me throughout my business journey.”

Karlie Stephens, Naturopath Sydney.

If you want to have a clear understanding of what kind of story your business is telling through its numbers and a trusted partner that wants to see your business grow, we’re ready to help you grow. .

Book a call and let’s achieve your goals together.

You’re about to take the first step towards becoming a better business.