When audit and tax time rolls around, will your financial books be ready to present to the CPA and IRS? Or will you be working overtime with your bookkeeper, scrambling to enter your business’s year-end financials into QuickBooks and close out the fiscal year?
With today’s business processing technology and accounting system design capabilities, even the smallest business can be audit and tax ready when the New Year’s countdown begins. Closing out financials in December should be no different than any other month of the year, as long as the right systems are in place to automate and integrate your accounting function all year long.
Outsourcing to Stay Ready
Outsourcing your accounting throughout the year is one of the best ways for a small business to be prepared for the end-of-the-year crunch. Instead of relying on the experience and availability of a single bookkeeper, an outsourced accounting service provides an entire dedicated team of professionals who are experts in small business accounting compliance.