Business Accounting Holyoke MA
South Hadley, MA
South Hadley, MA
West Springfield, MA
Business accounting is the method you use to keep business records. It may include accounting software like Quickbooks, traditional ledger bookkeeping, payroll processing, balance sheet tracking and tax preparation including preparing an income statement. Some small business owners prefer to do their own in house accounting, while others use a certified public accountant (CPA). The choice is completely personal, however using a CPA who is well versed in current tax law and payroll can help with accurate record keeping and end of year tax filing so that your company does not get audited.
Quickbooks is a very popular business accounting software application. You can use it to help with daily bookkeeping, as well as regular aspects of business such as payroll processing, and creating a balance sheet each month. A nice thing about using Quickbooks is that it is relatively easy to switch from using it personally to finding a certified public accountant that uses the Quickbooks software.
That way, if you decide to transition from personal business accounting to hiring a business accounting professional, your tax advisor can use your business records to handle your tax preparation and advise you about ways you could save money with payroll processing or other expenses in an efficient manner. They can even generate an income statement so you know exactly how your business is doing at any moment, and the Quickbooks system is easily accessed by your accountant without having to lug about all of your printed business records and accounting paperwork.