5 accounting services your business shouldn't overlook

5 Accounting Services Your Business Should Not Overlook

As a business owner, it is important to have your accounting operations up-to-date. With processes such as private company valuations, bookkeeping, and tax advisement, it can be easy to overlook important details. Here are 5 services to remember for your business.

1. Acting as accounting officer to close corporations

Acting as an accounting officer involves technical duties, which is why there are requirements one must meet before qualifying to be one. Under a code of conduct, an accounting officer will prepare financial reports and statements, liaise with legal entities and investors, regularly maintain and evaluate certain data, among other duties. These are simple but critical tasks, which is why it’s important to hire a team with verified qualifications and experience to carry them out. 

2. Business and company valuations

This is a process that will determine the economic value of a company. It is of particular importance if you are looking to sell the company operations or if you want to merge with another company or buy it. The process involves a deep dive into all aspects of the company in question – to determine its worth. We handle all details necessary for these transactions.

3. Accounting assistance

The everyday accounting task may seem tedious, but it’s an essential part of running a business, and we can assist in this area. This includes conducting trial balances – which are a great way to stay on top of things. This can be done at any time but usually before getting your financial statements because they help ensure accuracy – read more here.

4. Business management

Running a business can get demanding because there are so many factors to consider. You may find it difficult to keep track of everything, which can lead to delayed tax submissions, overlooked administrative tasks and sometimes even bad employee management. It is important, for the success of your business, to ensure that these tasks are carried out effectively and timeously. This is where we provide support to businesses as we offer business management advice to business owners. 

5. Accounting software

It can be difficult to transition from analog methods to digital. However, there are a number of accounting software options that can make your accounting and bookkeeping easier. The Acumen Group uses Pastel which is a common, easy-to-manage accounting and bookkeeping program by SAGE. If you are unsure how to get started or how to use it effectively, The Acumen Group will provide support. 

We are passionate about providing good quality services that support your small or medium enterprises. We want to help you grow. Contact us to find out how our services can help you get your business where you want it to be.