Small business tax accountant and accounting firm helps business owners avoid accounting headaches – Orlando, FL

Pauline Ho, CPA at Laus Consulting Services, LLC in Orlando, FL, has just revealed key tips to help business owners avoid accounting headaches. For more information please visit http://lausconsult.com/

Baldwin Park, Orlando, FL, United States – March 13, 2018 /MM-REB/ —

Small business accountant Pauline Ho, CPA at Laus Consulting Services, LLC in Orlando, FL, reveals advice to help business owners avoid accounting headaches.

For more information please visit http://lausconsult.com/

“Small business owners who aren’t accountants or financial experts often run into numerous accounting problems, which is stressful and time intensive. Here are some tips that owners of small companies can follow to ease the burden of accounting,” Ho said.

One of the most important things that small business owners can do, according to Ho, is to have digital records of all transactions.

When asked to elaborate, Ho said, “Documents such as statements from the bank, business invoices, and receipts should be filed electronically, not in a filing cabinet. Implementing a digital system will help an accounting team keep better track of your business’s transactions.”

She added that this could help in storing and retrieving critical files and could more easily facilitate preparing financial reports and balance sheets.

Another problem that Ho often sees among her clientele is related to cashflow.

“For instance, a lot of small business owners are worried that their employees won’t be able to cash in their monthly paychecks or that they won’t be able to pay an invoice on time,” Ho commented.

In order to resolve this, Ho says, the best thing to do is to speak with an expert in cashflow management.

“Consulting with a professional will allow small business owners to take the financial health of their company into their own hands, which will ultimately eliminate stressful situations. No matter how much money a business pulls in, they won’t be profitable if they have a cash flow problem,” Ho said.

Another thing that small business owners can do to ease the anxiety of accounting is to outsource specific tasks to an experienced accounting team.

“Dealing with bookkeeping and payroll can eat into time that could be better used in earning money for the company. Hiring an experienced CPA or team of accountants to take on these tasks can free up time, which can be spent elsewhere,” Ho stated.

Handing certain functions over to experienced professionals can also improve the quality of accounting.

“A professional accountant can help to tell the story of the company by clearly representing a company’s financials through reports. This will then make the company more attractive to future lenders or investors,” Ho added.

Source: http://recommendedexperts.biz

Contact Info:
Name: Pauline Ho CPA
Organization: Laus Consulting Services LLC
Address: 879 Outer Rd B, Orlando, FL 32814, USA
Phone: +1 407-401-9768

For more information, please visit http://lausconsult.com/

Source: MM-REB

Release ID: 311201