Tag: business finance

Business Accountants, we just want to be loved

So what is a business accountant anyway?

Like the word LOVE, the meaning of business accountant may change depending on one’s level of commitment.  Love could refer to a relationship that is casual, sexual, or even metaphysical.  Such is the case with the business accountant.   No, I don’t mean that you should have a steamy relationship with your business accountant; that would give a whole new meaning to the term of double-entry accounting.   What I am getting at is how much to you utilize your business accountant to further business or financial life.

Many would be surprised to learn that business accountants, especially the business management types, act as the “orchestra conductors” of the business world.  When lawyers, insurance brokers, real estate agents, or pension consultants need information, they think of calling the client’s business accountant.  That is because we have our finger on the financial pulse of clients and know where to find answers.  We are not saying that the average business accountant has all the legal, insurance or real estate knowledge necessary to answer your every question.   But, we are saying is that a good business accountant serves as a compass to direct you to other professionals who can navigate among a company or client’s historical information.

So many business transactions involve the changing of money.  Who else knows records? The ever–increasing speed and capacity of technology helps the business accountant to sift through information and report it with faster speed than most other players.

But how else could you use your business accountant?  Many businesses restrict their interaction to taxes or financial statements.  We perform those functions, but they deal with historical data.    Better yet, we as business accountants, act as strategic planners.  We can use your historical information to plan and propose a plan of action for growing your business.  The starting point of predicting your financial potential is to have your business accountant lay out your financial history and adapt it to changing market conditions.  Your business accountant can then work with your marketing persons, productions staff, and sales people to carve a future where your business can break new ground.  This process can transform your business into a leader in new technology, services, or products.

Does your business stand out from the competition?  Does your business accountant provide you with the necessary information, processes, and tools to set your business apart and allow it to make money?  Is your business accountant committed to your company by using creative ways to reinvent your business?