Got Questions for Acorn Accounting?
FAQ
FAQ
Frequently Asked Questions
What is the difference between and accountant, bookkeeper and CPA?
Bookkeepers record when your company pays, receives, or owes money. They tend to hold an associates degree in bookkeeping or are self-trained numbers people. CPAs possess a special license and typically work with large-scale businesses on taxes, dividends, or shareholders, to report for their investors. Accountants have a varying degree of education but tend to hold at least a Bachelors degree in Accounting. They have an in depth skills related to forecasting, cash flow, and budgeting that go beyond data entry into a system. An Accountant can be your best trusted advisor for a small business because they have the expertise in accounting so that you can stay on track financially.
How much do accounting services cost? I don’t think I can afford an accountant now.
Monthly cost will depend upon your business’s specific needs. Accounting support costs less than you might think, especially if it increases the time you can focus on growing your business.
What sets Acorn Accounting apart from other accounting firms?
We’re a small firm which means you receive personalized attention. I have degrees in Accounting which means you get skilled attention on your business financials. My experience in corporate finance gives me the experience to guide you in budgeting and forecasting for your business’s growth.
What are best practices for my small business?
Great question! I recommend:
1) Talk to a legal professional about the best business entity for your business.
2) Maintain business banking, credit card, and loan accounts that are separate from personal accounts.
3) Keep your receipts and appropriate documentation to support the expenses as business expenses.
4) Review your financials on a regular basis.
5) Automate when possible.
Do you offer tax services?
We refer tax services to some stellar local tax preparers. You will find that after you use our Accounting services, that you will save money at Tax Preparation time because the CPA / tax preparer will the information they need to file your return to the IRS.
What accounting software do you support?
Acorn Accounting uses QuickBooks Online and Xero accounting software; both of these platforms are cloud based.
What industries do you serve?
We serve a variety of industries. Currently, we serve small and medium size businesses in these sectors:
- Professional Services
Cryptocurrency
Biomedical
Biotech
Mining
Bankruptcy
Family Owned Businesses