Depending on your business’ size and complexity, you can manage your financials in a variety of ways:Bookkeepers are responsible for maintaining accurate records of all financial transactions. In the earliest stages of starting a business, your accounting needs are basic, and a bookkeeper might be the right choice for you. A bookkeeper is a right choice for you if you have a service business (you do not sell inventory) and use cash basis accounting.Controllers must have extensive experience and a degree in accounting or finance. Their responsibilities include overseeing the organization's accounting department, preparation and analysis of management reports, as well as cash flow control. Your business can greatly benefit from a controller if it is growing, has a team of bookkeepers, needs inventory management, uses accrual accounting, and needs someone to manage its accounting procedures.Generally, hiring an outside controller can be more cost-effective than hiring an in-house employee. The reason for this is that you need to pay benefits, PTO, worker's comp, and employer taxes when you hire an employee.CPAs must pass the Uniform CPA Examination. CPAs assist businesses with financial audit services and filing business taxes. In addition, CPAs may provide investment, insurance, and valuation services. However, if your CPA does your bookkeeping, you may be overpaying!Numint: We provide affordable bookkeeping and controller services. We’ll work closely with your tax professional or CPA to prepare and file your tax returns. If you need a tax professional, we can make a recommendation. Numint is not a CPA firm.
