Given today’s economic conditions in the country and around the world, it is important to rely on a good Missoula Accountant to steer you and your business in the right direction.
At DeShazer, Toren & Bailey, CPAs, PLLC, we provide the accounting solutions necessary to allow the business owner to focus on their expertise, which in turn creates more revenue for the business owner.
Most small businesses are very successful at managing their trades or professions and being profitable, but sometimes view the accountant as one of those necessary evils of their business.
The goal of most businesses is to earn as much money as they can while monitoring the cash outflows. A good accountant can really help the business owner use their financial statements as tools for decision making and planning.
Just the opposite is also true – a bad accountant can cost the business owner more money through poor management of cash by not helping the business owner make educated business decisions based on the financial operations of the company.
The Missoula Accountant market is saturated with both types of accountants and the key is to find the right accountant.
We are committed as a firm to be the “good” accountant in Missoula that our clients expect, so that they can make informed decisions about their business or individual needs. A good accountant should be identified in the following ways:
- Must be honest and trustworthy as they are handling your business finances and the confidential information
- Must be experienced in what they do to be able to properly record entries and keep the books in a manner that becomes useful to the owner
- Must be able to understand cash flow and advise the business owner of problems identified and offer solutions
- Must be able to know their limits and seek guidance where necessary
- Must we willing to seek out training and learning to increase their knowledge
Many clients feel that the cost of hiring a bookkeeper is not in the budget and have elected to keep the books themselves. While this is a good alternative to pursue when starting out to keep costs down, it is still important to explore hiring an accountant in Missoula or the immediate area. It is important to get the books set up correctly by creating the correct chart of accounts that reflect the operations of the business. The business owner should take the time and make the investment up front to be trained in the basics and essentials of bookkeeping if they plan on keeping the books themselves. Doing this permits the client to gain a basic understanding of bookkeeping while keeping costs low at the outset. The downside to this strategy is that the client spends valuable and precious time away from the business doing administrative work that could be done by someone else. This can in turn reduce profits from the business over time.
As a business owner, one of the best investments that can be made is utilizing a good accountant to manage the finances of your business. This allows you to focus on what you do best while being able to rely on the financial information for decision making.