You’ve started your own business and things are going great, now you decide that you will need some help with managing your novels, you open the yellow pages and under accounting you see, CPA’s, Accountants and Bookkeepers. Which do you pick? Which one could be good for your small business? And what is the difference?
There are differences, and a few of these differences will be price, and since you have learned when you began your business cost will be a factor in virtually every business decision you make. Which one will get you the most for your businesses buck? That’s a question you’ll need to decide based on the services that you think you’ll need.
A CPA (Certified Public Accountant) are the most expensive option, and in my opinion, too much for a small business starting out. Based on what you will need a CPA’s rates can run you a mean of $250.00 to $500.00 per month and if your not needing financial consulting or with tax issues, in my opinion you’ll be paying an unnecessary cost on a service which wont be used for your business.
An Accountant can do exactly the very same things as a CPA the gap is about a 4 year degree and the necessary examinations to be a certified public accountant, there speeds wont be high but the end results are the same, there moderate speed will vary from $200.00 to $400.00 per month with essentially the exact services.
A CPA and an Accountant will do good jobs for you, but it is going to cost you more than what you will need to spend for something as little as handling your books, which is exactly what you’ll be performing as a small business. You may take your books and all of your receipts and bank statements into your account or CPA and they’ll hand that to their bookkeeper that will receive your books in a manageable and tidy order in the speed of their accountant or CPA.
If your needs are basic and you will need someone to do your publications or payroll or sales tax, my advice is a bookkeeper. A bookkeeper will do precisely that, they’ll get your books in order, they’re able to do your payroll or sales taxes and some may even do your taxes, this a t a much lower price, the average rate for a bookkeeper is $150.00 to $300.00 per month depending upon your needs.
Should you have an accountant or a CPA, and you’ve got a bookkeeper do your books, you will still save money because your books are going to be in good clean shape when you give them to your accountant or CPA, meaning that they do not need to have their bookkeeper do anything and the time they charge you will be quite less than when they needed to clean up your books each month.
Cutting cost on your business will be something that you will always search for and this small tip might be a savings you do not wish to discount, my advice do some research, phone some CPA’s Accountants and a few Bookkeepers, compare their rates and services, then pick the best for your business.