We are proud to announce our partnership with accounting technology company, Ceterus. Through this strategic partnership, our firm will be better positioned to provide client accounting services, particularly for our growing client base in the dental industry.
Are you helping your business thrive or are you helping it survive? If you are a business owner you may be spending too much time focusing on how to keep the ship afloat and not focusing enough on the opportunity to shift your time and attention to helping your business thrive. One option to assist you is outsourcing business functions to professionals. Look outside your company for consultants, for example a CPA firm that provides bookkeeping or outsourced accounting services. This can save you time and money, as the fee will likely be less than hiring a full time accountant on your staff.
Outsourced accounting services offered by CPA firms are designed to offer flexible, scalable, bookkeeping solutions to businesses and institutions of every size. Whether you are a start-up or an established company, growing your business or sustaining the success of your organization is likely your overall goal. In order to achieve this, business owners must make sure that they have a strong, reliable accounting function in place.
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Outsourced accounting is a very feasible, and often times, recommended, practice. The only problem: Some people don’t like the idea of sharing vital company information with an independent firm. There is usually a lack of trust on the organization’s end, or simply a lack of understanding of how an accounting firm can provide great value.
We are excited to announce that LB&A, Certified Public Accountants, PLLC has joined forces with Haynes Strand and Company, PLLC, a move that became effective December 1st, to create a three office CPA Firm, known as LBA Haynes Strand, PLLC. The firm will have offices in Matthews, Greensboro, and Mount Airy, North Carolina.
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Tucker the Turkey trotted into some accounting trouble with his internet search engine business called GOBBLE. So Tucker decided to turkey call the accounting professionals at LBA Haynes Strand. After a couple of hours, the LBA Haynes Strand team invited Tucker to come to the office so they could better understand his business. At the office, Tucker met with the Firm Members who wanted to talk business, but Tucker just wanted to talk turkey. The Members thought that since Tucker’s fixed assets were up in the air, that Tucker should turkey call his business partner at GOBBLE, Smokey. So Tucker gave his business partner, Smokey, a BING. Smokey was delighted to help out his best friend and business partner but thought that this might be a conversation for their other business partners as well. He called Buddy, who called Waddle, who called Tom; before you knew it, the ‘Butterball Effect’ exploded.
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When creating a new Charter School, the leadership team has a lot on their minds - curriculum, hiring teachers, finding a building location, and passing the State's approval process. One thing that may be unaccounted for is the school's actual accounting. Charter Schools in North Carolina use software known as LINQ. LINQ is designed and supported by a North carolina company out of Wilmington called, Education Management Systems, Inc. The North Carolina Department of Public Instruction (DPI) actually supplies the software to the Charter School and the Charter School is then responsible for paying the quarterly support payment of $745.00.
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Outsourced Accounting is on the move. Once thought to be contained to smaller businesses, the use of a CPA firm in outsourced accounting is spreading to mid-sized companies. Whether it is going to be called an "epidemic", a "pandemic", or an 'invasion" is yet to be seen. The good news is business owners now have options on how to run their business. In fact they have more options than at any point in history.
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Often times the relationship between accountants and their clients can be misunderstood as one that just produces a tax return or one time advice. If this describes your current relationship with your CPA, you might want to re-think your CPA Firm. An accountant is supposed to act as a trusted advisor, one that you can count on to answer all your accounting questions on a year-round basis and someone you will never hesitate to call with a question.
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