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Managed Accounting Provides Bookkeeping Support from a Dedicated Team & Cutting-Edge Technology

Small business accounting doesn’t have to be complicated. Learn how support from accounting specialists can take the burden off of small business owners.

Running a business can be incredibly rewarding at times, but can also be very stressful – especially when you don’t have the right support in place. Rather than tackling all of the responsibilities single-handedly, consider enlisting the help of dedicated professionals who are passionate about managing the intricacies of accounting. Bookkeepers who can’t wait to create beautiful spreadsheets and who want to work with you! 

Here are just a few reasons why working with a dedicated team that utilizes powerful technology can help you run your small business more efficiently.

Time

Crunching numbers, balancing sheets, inputting data, and uploading receipts are just a few of the worthwhile tasks to help increase accounting accuracy, but how are those tasks accomplished at your company and by whom? Non-automated bookkeeping is time-consuming and it may be preventing you from positioning your company for success.

Lead generation, existing client support, building your brand, and purposeful goal-setting are critical to both short-term and long-term goals, but how much time are you able to allocate to these endeavors? Managed accounting with a dedicated support team could be the answer to better use of your time, focus, and energy.

Accuracy

You may be unintentionally basing operations on inaccurate or missing financial information. Tapping into an automated accounting service may reduce your overall risk, or even eliminate systematic errors. 

Maintaining financial security and utilizing precise data to drive expansion are two of the biggest benefits gained from accounting software managed by a dedicated bookkeeper. While making unsupported business decisions and having insufficient inventory are just two possible unintended consequences you may encounter with inaccurate manual bookkeeping.

Compliance

Tax law can be overwhelming and a misstep could end up costing you big in the long run. A missed deduction, unrealized credit, or even knowing the difference between the two, could affect your bottom line significantly. It could possibly even keep you from compliance with state or federal law.

Knowledgeable accounting can offer you real-time support and help file your tax records properly and on time with Uncle Sam. A dedicated team of bookkeepers managing this process could afford you the peace of mind and security that you’ve been missing.

What’s next?

From projections to trend data, KPMG Spark knows it’s all about the details. Our user-friendly software removes the guesswork with an easily accessible and intuitive format that’s specific to your company’s financial needs. Your day-to-day decisions will be more informed and target the overall success of your company.

Your dedicated team of accountants at KPMG Spark also knows and understands your tax liabilities, deductions, and credits and they’ll make sure your taxes are both prepared accurately and submitted on time. They may even save you money and protect you from compliance issues, not to mention, see you through a possible audit with accuracy and ease.

KPMG Spark’s online bookkeeping services are supported by a team that works diligently to manage all of your accounting needs. They’re available to clients for questions and guidance. It’s their goal to help you work smarter and more confidently on both your short-term and long-term business goals.

Ready to increase your spare time, increase financial accuracy, maintain compliance and enjoy peace of mind? Contact KPMG Spark today to learn more about how online bookkeeping and managed accounting could impact your company’s potential for success. It just might be the best thing to ever happen to your small business.

 

The views and opinions expressed herein are those of the author and do not necessarily represent the views and opinions of KPMG LLP.

This blog article is not intended to address or provide advice concerning the specific circumstances of any particular individual or entity and does not constitute an endorsement of any entity or its products or services.

Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities.

The following information is not intended to be “written advice concerning one or more Federal tax matters” subject to the requirements of section 10.37(a)(2) of Treasury Department Circular 230. The information contained herein is of a general nature and based on authorities that are subject to change. Applicability of the information to specific situations should be determined through consultation with your tax adviser.

KPMG LLP does not provide legal services.

KPMG SparkMarch 7, 2022Posted In: Business Tips

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The Risks of Completing Your Own Small-Medium Business Taxes

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