The ‘Language of Business’
Accounting is often called “the language of business”. We’ve sometimes wondered if this was always the opinion of business leaders or if it was propagated by some very self-important accountants. The world may never know.
In either case, the phrase stuck – and with good reason. A business simply cannot function well without the proper financial and accounting information being available to them. The cliché (which is sometimes a reality) of someone running their business with a shoebox full of receipts is not only problematic come tax time, but during the rest of the year as well! Businesses cannot make informed decisions without having timely and accurate financial information available to them.
Business owners are intelligent people. We know this cognitively. But when things get busy, the thing that consistently gets tossed to the side are the books. They’re boring, they’re frustrating, and they’re a necessity that keep you from doing what you love.
That’s where we come in. We love bookkeeping and can do it in a fraction of the time it would take you. This frees you up to use that time to be productive in your business. How valuable is your time? $30 an hour? $50? $100? $300? I can guarantee you that the time you save will be well worth the cost of having your books done for you. In a recent survey by MavenLink nearly 2/3 of business owners valued their time at over $200 per hour, with 24% of the respondents placing a $500 price tag on that most precious of assets.
And here is where it gets even more interesting. In that same survey, of all the roles filled by these entrepreneurs (sales, staff management, PR, marketing, strategic planning, product/service development, etc.) the task that was the most disliked by these busy professionals was ACCOUNTING. A whopping 41% of those surveyed picked it as the worst part of their business life. Nothing else was even close.
So your time is too valuable to spin your wheels muddling through a business function that is likely not really your area of expertise – and thus a big time thief. What’s more, utilizing my expert services will allow you to avoid having to do what you likely find the least rewarding part of being a business owner and entrepreneur – the often hated and dreaded accounting work.
Or course, you could assign the work to one of your current employees, or even hire another person. But would the work be done quickly, accurately, and correctly based on proper accounting standards and regulations? Your receptionist is not a trained accountant, nor likely is a new worker you’d have to hire (complete with the headaches and expense of another employee.) And what I can accomplish in an hour of work will probably take an unskilled person several hours.
Additionally, with our professional Roanoke accounting and bookkeeping services, you have the peace of mind of knowing that everything has been done correctly. Your books will be absolutely pristine come tax time – saving you money on the tax return preparation fees. And you get the benefit of an expert having oversight of everything. We’re not just entering things into a general ledger. We’re looking at memos, analyzing supplier charges and other costs of running your business, providing suggestions on office and business procedures, making sure your company is remaining financially healthy, and looking for creative and legal tax maneuvers.