Small business owners know that accounting is mandatory, so many treat it as a compliance cost. But not all accounting methods are the same.
A more thorough, advanced type of accounting – monthly accounting – is a strategic advantage. In this article, I’ll compare accounting as an expense to accounting as an investment.
At CSI Accounting & Payroll, we’ve provided monthly accounting to small businesses for 60 years. That means we’ve introduced
When you treat accounting like it’s just a mandatory expense, that usually means you want to pay as little as possible for it. You don’t care if it tells you anything – you just need to stay in compliance. This typically means using popular DIY bookkeeping software and hiring an annual accountant (tax preparer).
For many very small or very new businesses, that’s perfectly fine! If you have a limited budget and not much financial activity to keep track of, then you may not even be ready to upgrade your accounting to an investment.
But if you are ready for an investment but refuse to make the change, then you’re missing out on year-round insights that can help you save money or grow your business. See if you’re ready by taking this quiz:
Treating your accounting like it’s an investment means upgrading to monthly accounting.
It provides better insights all year long so you can make informed decisions and legally minimize your tax liability. With monthly accounting, you have a dedicated expert who can provide thorough insights based on current numbers because they generate monthly statements. Plus, working together year-round means catching issues early and implementing a complete tax strategy.
If you’ve been handling any of this yourself, think of all the time you’ll free up! You can now use that extra time to improve or grow your business.
So, why do we need to talk about treating accounting as an expense versus an investment?
As a monthly accounting firm, it’s in our best interest to point out that you can’t compare us to a bookkeeping service. Same with an annual tax preparer. Each of these services alone will usually cost less because you’re getting less. (See our current pricing information here!)
We offer more services, more insights, and way more benefits that make treating accounting like an investment worth it.
Don’t just take my word for it, either. Just look at our case studies and hundreds of 5-star reviews!
Now that you know the differences between treating accounting as an expense (with cheap solutions) versus as an investment (with monthly accounting), are you ready to check out monthly accounting services?
If so, please consider CSI Accounting & Payroll! To see if we can be a good fit for your business, click the button below for a free consultation:
Not ready to talk? That’s okay! First, get an estimate of what your monthly fee may be by clicking the image below: