Tag Archives: Professional

Accountant New York – A Professional Approach towards your Accounting Management

Every one of us knows that accounting is similar to mitochondria for a business firm. It is one area which decides the profits & loss, success & failure, and the development & progress of the company. One cannot neglect it in any case. Most of the big firms have large accounting departments set up to manage and control the accounting tasks. Tough this is an expensive way of handling accounting work yet being a crucial function, business firms are bent towards hiring CPAs, accountants, and bookkeepers to work out things in an efficient manner.

But, what if you are a small business firm? Can it be possible for you to invest this much into accounting? The fact is no! No small firm can have huge expense done on accounting department so it would be better to hire the services of accountant New York services which perform your companies accounting work in a more expert and diligent way.

Accounting is a demanding work and has lots of crucial calculations and bookkeeping work involved into it. One cannot take risk by assigning this task to any unprofessional newbie accountant. Accountant New York professionals are expert in handling huge amount of accounting work load and are trained in managing the data confidentially. You can easily bank upon them for the kind of professionalism which is required in business industry.

Accountant New York professionals are trained in handling accounting books, journals and ledgers entry, archiving previous data and files, bookkeeping, drawing profit and loss sheet, and taxation. Market place is full with lots of accounting firms, now it depends on your acute discerning prowess to decide which one fits your bill.

Accounting professionals scrutinize your all accounting and bookkeeping data so that they can prepare flawless accounting records and balance sheets. Even a slight error may result into huge loss for the business. Now, if you are really looking to carve a niche in the industry and have an edge over yourcompetitors then do hire the services of professional accountant New York firms and ease off scruples in the way of success.

Once you have assigned your work to professional accountants, you can divert your attentions towards other important tasks related to business development. These accountants are skilled to turn your losses into profits with their expert management and analysis of the accounting data.

Two of the important factors you need to consider before hiring accountant New York service include:

•    Make sure that your data and accounting records are kept confidential and no breach of trust happens. You can include this clause in the contract.

•    Ensure yourself about the potential of accounting services delivered beforehand by doing background research of the firm, its professionals, and its previous successful projects

•    Read the contract, terms and conditions carefully before signing the deal

•    Negotiate on the prices asked so that you may not get into an hassles later on

You can easily find professional accountant service on internet ad local yellow pages without any inconvenience. Just keep in mind that you check with background of firm before handing over your accounting work.

Peter Terry has extensive knowledge about bookkeeping and knows the importance of this for running a successful business. To know more about Accounting New York, accounting firm NYC, Accountant New York, accounting services New York, Bookkeepers New York and NYC bookkeepers visit www.nycbookkeepers.com

How To Become A Qualified Professional In Accounting

This question may be raised by anyone who is going to build his career in accountancy profession. Of course it’s very natural that smart people always keen to get some proof of the competence and skills they possess. Same happened with me when I’ve just started my career in accountancy firm, but it was easy for me to decide on as there were too many good advisers around. However there are lots of people who considering to develop in accounting but they are currently not employed in any accounting area and don’t have any relevant academic background.

Therefore, in this article I’ll try to briefly address the following issues:

* What do you need for obtaining professional qualification and becoming recognized in accountancy profession ?

Professional qualification in accounting is granted through various certificates issued by accounting bodies in the most countries worldwide. This qualification can be obtained after you already have some academic degree. Such bodies are acting throughout the world in the form of organizations, associations, societies, etc. Mainly they all have 2 objectives:

Protect public interests by setting high standards in profession’s practice (including certification process) and protect interests of professionals. However in real life their activities often repeat ones of labor unions.

But today across the job market accountants possessing such qualifications are considered to be capable and credible for wide range of careers, offered higher positions and paid almost twice more than those who doesn’t have it. Apart from that accounting qualification automatically gives an opportunity for ordinary accountant to be promoted for managing positions in any company.

There is a presumption that such qualification is necessary only for people who work in practice (under practice it means companies providing accounting, auditing, tax, financial advisory and similar services). But even assuming it to be partially fair, it doesn’t still mean that possessing such qualifications in industry will not entitle you to higher salaries and opportunities.

* What are the most recognized and respected professional qualifications in accounting ?

Mainly all such certificates can be obtained upon passing certain set of examinations and proving practical experience. However most of accounting certificates are recognized only within the country where the issuer (professional body or institution) resides. When it comes to internationally recognized and really valuable certifications there are not so many around the world. If we take only those which may really add value to your resume records the list will be like following:

ACCA – issued by UK based Association of Chartered Certified Accountants (www.accaglobal.com). – more practice oriented, internationally recognized certificate.

ACA – issued by UK based Institute of Chartered Accountants of England and Wales. www1.icaew.co.uk – more practice oriented certificate.

CIMA – issued by UK based Chartered Institute of Management Accountants. www.cimaglobal.com – more industry and management accounting oriented.

CPA – issued by USA based American Institute of Certified Public Accountants www.aicpa.org – widely recognized in practice and industry within US and Canada.

* What are entry requirements for starting professional qualification ?

Minimum entry requirements vary depending on country, but the most of professional qualifications in accounting are open to anybody with some previous higher education. In some countries it even possible for school leavers to start with certain terms and conditions met. For more details you should refer to web pages of bodies stated above.

Generally what you need for sure, it is good skills of English especially written. Previous experience or knowledge of basic accounting would be an asset as well, but not that critical.


Certified Public Accountants – A Guide To Hiring The Right Professional

It takes enormous amounts of time and effort to get organized and accurately keep track of your finances. To eliminate this pain, hire a Certified Public Accountant (CPA). A CPA is a trained financial professional that helps individuals or businesses organize and keep track of their financial records. Besides tracking your finances, developing financial statements and filing taxes, CPAs can also act as business advisers. They can create your budget plans, prepare cash flow projects, advice on investments and help secure business financing. Many businesses hire CPAs to only file their taxes. CPAs are trained to complete tax returns. They can help you organize tax documents and maximize deductions.

How to hire a CPA?

Following is a list of things you need to keep in mind while selecting a CPA.

* Is your CPA familiar with your industry and its accounting standards? Ideally, she should have experience working with clients in a business like yours.

* Does your CPA have good relationships with banks? If you are a growing business, your CPA may be able to help you secure funding.

* Does your CPA have relationships with attorneys? Any business can fall on hard times. Your CPA may be able to help you find an attorney to negotiate with your creditors.

* How involved is the CPA going to be with your company? If most of the work is handled by junior staff, make sure they are well supervised.

* How much interaction will you have with your CPA? If the meetings are much spaced out, how much attention will the CPA pay to your company in the interim?

* Does your CPA firm guarantee its work?

* Has your CPA passed the exams to gain the CPA designation? Does she have the license to practice in your state?

* Is your CPA a member of professional organizations that ensure that their members follow a professional code of ethics and are regularly reviewed for quality? Every country has such professional organizations. For example in the US one such organization is American Institute of CPAs (AICPA).

* Is it important for you to have regular face to face meetings with your CPA? If not then you may also consider a non local CPA. There are many firms that operate nationwide accounting services and may assign a non-local CPA to you.

* Have you checked the references and made sure they are happy with the service?

How much does it cost to hire a CPA?

Accounting service can be expensive. Before you hire, compare price quotes from multiple Certified Public Accountants and shortlist a few to interview. Ask your business associates and friends for recommendations. You can also find multiple CPA firms on a B2B network such as TradeSeam.

Many Certified Public Accountants will bill you hourly for rendering their service. If you are uncomfortable with the hourly rate, ask for a fee based service. Before you sign on, ask for an engagement letter that details costs and services and review it carefully so that there are no surprises later.

Daljeet Sidhu is Co-founder at TradeSeam Business Network and B2B Marketplace. Sellers JOIN US to start receiving qualified leads.

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