How can an Accountant Help a Small Business

It is OK, you have small business and you can not pay any accountant for his service. But think from my point of you. Think the help of accountant which he will give to you which will be one thousand times more than the money which you will pay.


Following are the main ways of Accountant's unique help to small business. 


1. Accountant Helps You to Choose Your Business Model 


Accountants are the experts of maths calculation. When you tell your capital of investment and assets which you will invest, your accountant will tell you which business model will be good for you. Whether to open individual business or partnership or company. You can take foolish decision of wrong business model. For example, you have small capital and chances of return is very small, then it will be wrong to create big company. You will get involved in big payments of completing the formalities of company creation. Your accountant will keep your capital safe as he care his own son.


2. Accountant Helps You to Increase Your Sale 


There are lots of ideas in mind of accountant to increase your sales if he will see your all past sales reports. Take his advice means you are saving your big advertising budget. When accountant will make and see your financial reports. He has lots of tools to analyze the financial statement. He will see which products boost the profitability of company at lowest cost. He will suggest you to produce more such goods.


3.  Accountant Helps You to Save Your Tax


Country like India is country where there are lots of taxes like income tax, VAT, service tax, property tax, vehicle tax and so many others. All will direct decrease in the profitability. Accountant has the knowledge of saving tax legally. With his intelligence, accountant can save your tax. His annual salary, you can easily earn through saving of your income tax.


4. Accountant Helps You to Manage Your Audits


You are doing small business. Your accountant will help you to audit your books of accounts. With this, you can find what are the main mistakes in accounting reports. Correct reports of accounting will help you to take the decision for better business. When your business will grow, he can suggest good auditor for you because


5. Accountant Helps You to Better Investment in Big Projects


You have small business, so it is sure, money in your pocket will be too small. If you invest it in wrong project, you will be insolvent within one day. So, accountant will help you by analysis the project through capital budget techniques and suggest you which is best for your investment.



Related : How can Accounting Help your Business Succeed

COMMENTS

Comments on this Website
.
Share above Content to Your Friends



Name

access account accountant Accounting accounting definitions accounting ebook Accounting education accounting procedure accounting process outsourcing Accounting Software advance advertising africa Amalgamation amendments announcements Annuity assets audit auditing Australia B.Com. balance sheet bank Bank reconciliation banking basic accounting BBA benefits best bill black money blog bloggers book keeping bookkeeping Branch Accounting - full tutorial budget Budget variance business businessman CA calculator canada capital capital budgeting career cash cash book cash flow statement Chiense children china class coaching coins college commerce commerce students company computer computer accounting conference Contact vinod kumar corporate accounting cost cost accounting cost center cost centre CPA credit credit card cs currency data Debit and credit debit cards debt debtor degree depletion depreciation documents dollar domain Downloads Dubai e-accounting earning education Education Loans email employee EPF ERP euromoney examination excel excise duty expenses facebook factor of loan fans feature fifo FII fiji finacle finance Financial financial accounting fire insurance flickr flow forensic forex formula france fraud free fun function fund GAAP GDP gdr germany gold goodwill goodwill accounting google google apps google apps google base google buzz google calendar Google docs google finance google fusion tables google talk govt. GST guide health Hindi Hindi Language history holding company How to treat FBT in Tally 9 HRA ICAI ICAWI ICICI Bank IFRS income income statement Income Tax India indian railway Indonesia inflation inflation accounting infographics information inspiration insurance insurance accounting interest international Internet Introduction of Tally 9 inventory investment invoice IT Japan Job costing journal entries Kalculate keyboard kindle kuwait laptop law LBT learning lease lecture ledger leducation Leverage Analysis liabilities lifo linkedin loan logical point loss loss of profit M.Com. m.phil malaysia management accounting manual accounting manufacturing account market marketing mastercard material MBA MCA media migration mobile money ms word ms. excel multi currency in tally 9 Multicurrency Accounting mutual fund national security new and sacrifice ratio new york times new zealand news NGO nonprofit-accounting North Georgia Mountains NPV NSE odbc office oman online application online accounting otcei pakistan parents pay pal pdf pie chart pie chart of income pnb podcast ppf presentation price privacy policy prize money prof. vinod kumar profit profit and loss account project management provision purchase puzzles quickbooks Quote quotes quotes of svtuition rating agency ratio analysis RBI readers real estate rectification of errors remote control reports reserves responsibility accounting retirement revenue Revenue reserves review risk rupees salary sale saudi arabia saving sbi scholarship school SEBI security service tax share share trading Shares shri lanka singapore sms social accounting society solution South Africa stock stock exchange structure student students study subsidiary company svtuition swiss bank tally tally 9 Tally 7.2 Tally 9 Tally.ERP 9 tanzania tax Tax Accounting TDS teacher teaching technology test testimonial testimonials thailand tips trading trading on equity transaction trend trial balance tuition twitter UAE UGC - NET Commerce UK United Arab Emirates university usa valuation VAT Video Voucher and vouching wikipedia working capital youtube
false
ltr
item
Accounting Education: How can an Accountant Help a Small Business
How can an Accountant Help a Small Business
Accounting Education
http://www.svtuition.org/2014/10/how-can-accountant-help-small-business.html
http://www.svtuition.org/
http://www.svtuition.org/
http://www.svtuition.org/2014/10/how-can-accountant-help-small-business.html
true
2410664366776677676
UTF-8
Not found any lecture VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES Lectures View All RECOMMENDED FOR YOU Category ARCHIVE SEARCH ALL Lectures Not found any lecture match with your request, please help to write it and send it to our email at vinod@svtuition.org for making this website free accounting and finance encyclopedia. Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock