Top Business Accountant & CPA Pauline Ho Highlights The Risks Associated With Poor Small Business Accounting – Orlando, FL

Orlando, Florida, United States – May 2, 2022 —

Making errors in business accounting could come at the cost of future growth, Florida-based Business Accountant, Pauline Ho, disclosed today.

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

As Founder of the Laus Consulting Services LLC, in Orlando, Ho can speak from experience in her dealings in the small business sector of the glaring mistakes that entrepreneurs and start-ups make when trying to manage their own accounts.

She advised that business owners should not shy away from seeking out a qualified business accountant for advice and to handle their accounts. This would enable them to commit more time to running their company and establish a clearer picture of where the business stands financially.

“Trying to cope with everything in a business is simply not possible, so hiring an accountant will give you peace of mind and allow someone else to get a handle on the finances,” she pointed out. “That way, they can help advise on how the company can plan ahead for the future growth.”

Another pitfall, she highlighted, is utilizing business and personal accounts and finances for the running of a company. “That’s a quick, sure-fire way for a business’ finances to land in a mess. 

“All income and expenditures should go through this business bank account, and if you are still paying out of your own pocket, keep a record as they could be valuable tax deductions,” she urged.

These ‘devils-in-the-detail” can also show the cash flow in and out of business, where expenses and overheads are going, and ultimately what profit the company is making.

As accounting has become more high-tech, Ho said that software should be a pre-requisite as all bookkeeping requirements can be done automatically. Cloud accounting software now employs a double-entry method that can weed out errors and keep the finances ticking over smoothly.

Ho said: “Business owners should also back up any files to ensure that financial records are kept up-to-date and are secure. By investing in software and a qualified business accountant, you can help your business run better and avoid costly financial mistakes in the future.”

Contact Info:
Name: Pauline Ho
Email: Send Email
Organization: Laus Consulting Services LLC
Address: 879 Outer Rd B, Orlando, FL 32814
Phone: 407-401-9768
Website: https://lausconsult.com

Release ID: 89073569

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