Top CPA Pauline Ho Reveals How To Avoid Accounting Nightmares – Orlando, FL

Leading accountant Pauline Ho founder of Laus Consulting Services LLC in Orlando, FL advises small business owners to take a proactive, digital approach to accounting to avoid potential nightmares. For more information please visit https://lausconsult.com

Orlando, Florida, United States – March 6, 2024 —

Small business owners should adopt a more proactive, digital approach to their accounting needs, according to small business accountant Pauline Ho.

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

Trying to juggle the accounts of a business while trying to fulfil the company’s aims and goals can become conflicted if the owner doesn’t have a grip on all areas. And the one area they may let slide is their accounts.

Ho, CPA at Laus Consulting Services, LLC in Orlando, FL, said owners who are not financial experts should adopt a more digital approach to accounting.

“Financial documents, including bank statements and invoices, should ideally be saved electronically, or as backup, in the cloud,” she said. This requires considering accounting software programs that track expenditures, budgets and costs.

Ho said: “By being digital, an accounting team can find, store and track business transactions across the year. Things can be achieved at the click of a button rather than spending hours rooting through a filing cabinet for a certain document.”

She said that owners would face deeper problems if they fail to keep expenses in their private and professional lives separate and succumb to the temptation of putting things through the company books. “That can add to the stress and hassle when filing tax returns and sorting out the different expenses.”

Business owners are often concerned about cashflow management, such as ensuring their employees’ monthly paychecks are honored or an invoice is paid on time. More valuable time can be lost to the business if owners have to deal with payroll, invoice queries, and profit and loss situations.

One solution to these varied problems is to outsource specific tasks to an accountant or CPA team. Ho commented: “Hiring an experienced accountant will allow a business owner to free up time and dedicate it to running the business more effectively and efficiently.’’

“An accountant can also offer advice on cashflow management, analyze costs, guide an owner on where they can streamline operations, and generally help to put the company on a firmer financial footing. A financial expert can also provide guidance on tax dates and tax relief.”

Ho concluded: “A professional accountant can tell the story of a company by presenting clear financial information to the owner. Doing so can clarify to an owner how the business is progressing and to potential investors considering investing in a business.”

Source: http://RecommendedExperts.biz

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: 89122255

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