Categories
Uncategorized

Why Your Business Needs a Team of Accountants in Mt. Pleasant, SC

Often, when I approach small businesses, the number-one question that they have for me is what I do and how I can take their business to the next level.

Often, when I approach small businesses, the number-one question that they have for me is what I do and how I can take their business to the next level. Many companies operate the financial side of their business as merely balancing what is going in versus what is going out. But if all you do is keep a tally for tax purposes, you are missing a huge amount of data about how to operate your business more efficiently, cut expenses when possible, and you’re missing the big picture related to growth. At Current Accounting, our mission is to continually focus on the big picture using the information about your financial status to pivot, switch gears, and expand. These are some of the reasons that your business can benefit from accountants in Mt. Pleasant, SC like us.

Why Do You Need an Accountant?

Accounting is more than just paying invoices and sending them out. Our outsourced accounting helps small businesses keep tabs on their accounting, and we monitor and record your financial information to be compliant with US tax rules. But where we really help is that we make your data usable for daily decisions. Our boutique service is targeted to handle all aspects of your financial information and make it accessible to everyone in your business who is responsible for decision-making. Services provided in our outsourced accounting package:

  • Account evaluation & clean-up
  • Accounts receivable management
  • Accounts payable management
  • Bank and credit card reconciliations
  • Accrual basis accounting
  • Cash basis accounting
  • Bookkeeping
  • Cash forecasting
  • Cash flow management
  • Commissions tracking
  • Chart of account reconciliations
  • Cost accounting
  • Compensation plan oversight
  • Inventory management
  • Integrate outside systems, where possible
  • Payroll processing
  • Meals tax compliance (for restaurants)
  • Prepare financial statements
  • Payroll tax compliance processing
  • Revenue recognition
  • Prepare journal entries
  • Variance analysis
  • Sales and tax use compliance
  • Vendor and customer management

Fractional CFO

At Current Accounting, we also offer a CFO package that includes all the things we do throughout our outsourced accounting, plus a higher level of oversight to take your business to the next level. We first gather your data, upload it to the cloud, and then organize and present it in a way that your team can make use of to make big-picture decisions about growth and expansion. It includes everything we provide in our outsourced package, plus:

  • Goal planning models
  • Account fluctuations analysis
  • Ad hoc reporting
  • Accounting staff oversight
  • Profit margin analysis
  • Depreciation calculations

Strategic Project-Based Accounting Services

For companies that believe they already have a good grasp on their accounting but want to come up with a strategic plan for goal-setting, we offer a one-time project-based solution. First, we go through a Discovery Phase, where we uncover your current situation and then take the steps to research, present, and implement a strategic plan to take your business in the direction you want to go, all without disrupting your routine and operation. Our project-based services include:

  • Cash forecasting
  • Inventory management
  • Audit assistance and preparation
  • Budgeting and forecasting
  • Design and implement processes
  • Internal controls (analyze and implement)
  • Project management (oversee implementation by existing staff)
  • Due diligence preparation for corporate strategic transactions
  • Key Performance Indicators (KPI) and financial insights
  • Discover and implement new accounting software

What Can Accountants in Mt. Pleasant, SC Do For You?

As a business owner, you know that there are things that you can do, and then there are things that are better delegated to an expert in their field. If you aren’t using the full potential of your financial data, you might be missing the mark.

Why spend your time playing catch-up and trying to figure out the accounting industry when you don’t have to? At Current Accounting, we are experts at all aspects of business accounting. Our packages are designed to help you get a better grasp of your financials and to make better use of that financial information to take your business to the next level. Contact our team of accountants in Mt. Pleasant, SC today to see how we can transform your accounting and financial planning.