When Should You Hire an Accounting Services for Your Business?

Corporate Secretary Service Indonesia – A professional accountant can handle more than just the general numbers for a company. They can offer deep financial insights at every stage of growth, from recommending the best corporate structure, tax deductions, to handling business audits and assessing your loan application before it reaches the bank. So, when should you start using an accountant for your business?

1. When you need an external perspective

When running a business, you sometimes need an external perspective to make more effective and efficient steps to move the business forward. Accountant services can provide a completely new perspective on business development from the company’s financial statements, so that it can encourage you to take the latest innovations for customers. Businesses need to continue to innovate in order to always have a place in the hearts of customers. With the help of an accountant, you can do this in a professional way.

2. When you want to focus more on operations

Time is a precious resource. When you want to focus more on operations, you can start using accounting services. Getting help from an external accountant or tax expert can save you time spent tracking expenses, matching transactions, entering data, or digitizing receipts.

An accountant can regularly check your business operations, trends, costs, and revenues so you can focus more on operational matters. Professional accountants also have the ability to modify or optimize your current recording and accounting system, so that it can be more easily used by the team in the company.

3. When the company’s revenue goes up, but profit stays the same

When the company’s revenue tends to increase, but profits remain flat, accountants can use accounting software to analyze cash flow and inventory management. When problems are found, accounting services will provide information on how to solve them.

Once the problem is resolved, they can also recommend how to properly grow the business based on the financial analysis. They can even help determine when is the best time to introduce new product or service offerings to target consumers.

Read Also: Here are 10 Examples of Popular Company Mergers and Acquisitions

You also need an accountant because companies don’t always grow at a steady rate. For example, if your business gets a new client or a big project, it means you need to grow your business faster than expected.

Well, an accountant can help you handle the transition of business growth, such as hiring employees or using more office space. Thus, various details such as payroll, employee tax management, property taxes, utility payments, and so on will not have to be taken care of by yourself.

4. When you need accurate financial data analysis

Accountant services should also be used when you need accurate financial data analysis. Accountants can handle business planning and analysis so that you will be greatly helped in terms of making any financial decisions or goals, from buying real estate, acquiring competitors, to reducing business operating costs.

Without an accountant, you would have to analyze your own income statements, cash flow statements, balance sheets and financial statements in addition to running your business. Doing all these tasks only with accounting software is certainly very difficult. Therefore, you can utilize the services of an accountant to do all these tasks in a short time.

5. Planning to expand outside the region

You should also use accountant services for business if you plan to expand outside the region. Because, this service can help you develop the right and ideal expansion plan. If you take the wrong steps, your business can actually experience a decline. Use an accountant to help you check all the data and analyze it, then make an expansion plan that can benefit your business.

Knowing when to hire an accountant for your business is not difficult. Seek an accountant when you need an external perspective, want to focus more on the company’s operations revenue increases but profits remain, need accurate financial data analysis, and expansion plans to outside the region.

Don’t worry about developing your business by setting up a company in Indonesia, because Portcorp is here as a solution for your business, also when you need Accountant services. Portcorp is your comprehensive corporate secretary service in Indonesia. With our presence, you can get a dedicated company secretary to support you to what you need. Our company secretaries will track deadlines and file paperwork so your business keeps running smoothly. Contact us now on +6221-5020-8090 for your business succeed in the future!