分類：Bookkeeping

We’ve looked at dozens of companies offering bookkeeping services and narrowed it down to what we think will work best for small businesses. Each may offer slightly different services and features, so choose the one that best suits your business needs. Virtual bookkeeping services can also save you money through tax preparation services and tax filing, providing peace of mind that you’re 100% compliant with all tax rules. Some bookkeeping services can provide a full suite of bookkeeping, accounting and tax services. Examples include bookkeeping journal entries, bookkeeping ledger, bookkeeping reconciliation and bookkeeping trial balance. With Bookkeeper360, you’ll get a dedicated virtual accountant who sends detailed reports on a monthly basis.

Business Service and Tax Preparation

Bookkeeper.com’s cheapest virtual bookkeeping service starts with bookkeeping basics, like preparing key financial statements. From there, you can add comprehensive accounting, payroll, and tax services as needed. Bookkeeper.com manages your accounts using QuickBooks Online (or QuickBooks Desktop, if you prefer). Plus, not every online bookkeeping service works with both accrual-basis and cash-basis accounting—but Bookkeeper.com does. When your business is still growing, bookkeeping isn’t such a cumbersome task.

Why You Can Trust Forbes Advisor Small Business

You don’t have to hire someone to come into your office to have an in-house bookkeeper — many are virtual. Using virtual bookkeeping allows you to outsource the day-to-day tasks that are a challenge to keep up with while also having a direct contact to ask questions of. Virtual bookkeepers will manage your business’s financial details and make sure your tax information is accurate, which makes the financial side of business a lot easier. The Business plan starts at $125/month for tax planning and advice but to get business or personal tax preparation you’ll need a Corporation plan at $225/month. Bookkeeping services are available on the Enterprise plan with costs $375/month. Online bookkeeping services are a hybrid of bookkeeping software and professional accounting.

Why Choose Outbooks Bookkeeping Services for Your Business in the USA?

When you work with Ignite Spot Accounting, you’ll get bookkeepers certified in a variety of popular programs, such as QuickBooks and TSheets. If you choose its chief financial officer (CFO) services, your CFO will be a certified public accountant (CPA) accounting and bookkeeping services near me at a minimum. Its features include automation of tasks, Gusto payroll processing, balance sheet production, income statements, accuracy checks and transaction databases. Online bookkeeping services can save business owners both time and money.

From identifying the best version of QuickBooks for your business to mapping accounts, creating reports, and cleaning up your data file, we provide comprehensive QuickBooks support. Ohana Accounting LLC offers a variety of tax services, ranging from simple tax return preparation to more complex tax planning strategies. At Ariel Joudai, CPA, we take great pride in providing high quality accounting solutions to our clients. We get to know you and become an insightful financial partner who really understands your goals and challenges. We strive to learn about your pain points and find practical ways to improve efficiency, streamline accounting processes, and save money.

Want to kick off your small-business accounting with a solid accounting software service? Enter some basic information about your current accounting needs and we’ll send you up to five customized quotes. With Bench’s Catch Up Bookkeeping services, a Bench bookkeeper will work through past months of disorganized bookkeeping to bring your accounts up to date. For complete information, see the terms and conditions on the credit card, financing and service issuer’s website.

• Our team takes the time to deeply understand your business, answer your questions, help you link your accounts, and show you how Bench works.
• It reduces the possibility of making mistakes when entering information.
• Merritt Bookkeeping automates some of the most time-consuming bookkeeping tasks — for instance, reconciling accounts, balancing books, and updating financial reports — so you can focus on running your business.
• As a result, a suite of features from one service will appeal more to very small businesses, while an entirely other set of features from another service might appeal to larger small businesses.
• Say goodbye to piles of paperwork and time-consuming manual tracking—we automate inputs directly from linked accounts.
• A bookkeeping service can help you stay organized and on top of your finances.

• The most common mistakes are mixing personal and business finances, leaving taxes to the last minute, missing out on deductions, and not retaining records for long enough.
• It also starts at $190 a month, which is less than nearly every other provider on our list.
• If you use accrual-basis accounting, you’ll need the Growth plan, which starts at $990 a month.
• Bookkeepers on our team are highly competent professionals with a deep understanding of accounting norms and procedures.
• Sign up as a customer today and get a free month of bookkeeping, valued at $299.
• This service may be helpful in aiding you in considering your startup’s financial options.

Although InDinero offers scalable plans, they’re not very transparent about what exactly they include in each plan until you talk to a salesperson. Unfortunately, InDinero doesn’t have many integration options, but if you already use the software they integrate with, it’s a very robust solution. A small business can likely do all its own bookkeeping using accounting software. Many of the operations are automated in the software, making it easy to get accurate debits and credits entered. Bookkeeper360 is best for businesses that occasionally need bookkeeping services as well as those that want integrations with third-party tools.

Get personalized solutions that fit where your business is today, and where you want it to be tomorrow. Improve your business credit history through tradeline reporting, know your borrowing power from your credit details, and access the best funding – only at Nav. The most common mistakes are mixing personal and business finances, leaving taxes to the last minute, missing out on deductions, and not retaining records for long enough. Kelly Main is a Marketing Editor and Writer specializing in digital marketing, online advertising and web design and development. Before joining the team, she was a Content Producer at Fit Small Business where she served as an editor and strategist covering small business marketing content.

TAX AND BOOKKEEPING SERVICES INC.

It also lowers the possibility of mistakes and fraud and aids firms in staying compliant with tax laws. Personal FICO credit scores and other credit scores are used to represent the creditworthiness of a person and may be one indicator to the credit or financing type you are eligible for. Nav uses the Vantage 3.0 credit score to determine which credit offers are recommended which may differ from the credit score used by lenders and service providers.

A final point in this context is that, if the total of the appropriations is greater than the profit for the year, the amount to be shared between the partners will be a loss. This will mean that the entries for the share of the residual profit will be a credit in the appropriation account (thus resulting in a nil balance) and debits in the partners’ current accounts. If non-cash assets are sold for more than their book value, a gain on the sale is recognized.

What Are the Three Methods of Accounting for Partnerships?

A partnership is a formal arrangement by two or more parties to manage and operate a business and share its profits. After examining all the relevant factors, Dale and Ciara decide to create their landscaping partnership. The first step is to formally document the actual partnership agreement.

Allocation of ownership interest

For example, if there is a profit in the income summary account, then the allocation is a debit to the income summary account and a credit to each capital account. Conversely, if there is a loss in the income summary account, then the allocation is a credit to the income summary account and a debit to each capital account. Another point to remember is that the ‘appropriation account’ is an additional accounting statement that is required for a partnership.

Allocation of Profits and Losses

Partners’ salariesIn some ways, the term ‘salaries’ is a misleading description. The salaries of employees are business expenses that are written off to the statement of profit or loss, thereby reducing profit for the year. However, as partners are the owners of the business, any amounts that are paid to them under the partnership agreement are part of their share of the profit.

What Types of Businesses Are Best-Suited for Partnerships?

Therefore, the capital account is usually fixed, while the current account is the current total of appropriations and the share of residual profit or loss, less drawings. The balance is computed after all profits or losses have been allocated in accordance with the partnership agreement, and the books closed. When a partner extracts funds from a business, it involves a credit to the cash account and a debit to the partner’s capital account. This may require the approval of the other partners, depending on the terms in the partnership agreement. When a partner invests funds in a partnership, the transaction involves a debit to the cash account and a credit to a separate capital account.

What’s the difference between a partnership agreement and an operating agreement?

You may draft several versions of this agreement before all the partners agree. As an illustration, Remi is a skilled machine operator who will aid Acorn Lawn & Hardscapes in the building of larger projects. Assume the following information (Figure 15.6) for the partnership on the day Remi becomes a partner. The same principle applies to Dale’s Accounts Receivable but in the opposite direction.

This means entities using IFRS forSMEs don’t have to adjust their accounting systems and reporting tonew standards as frequently. Salaries and interest paid to partners are considered expensesof the partnership and therefore deducted prior to incomedistribution. Partners are not considered employees or creditors ofthe partnership, but these transactions affect their capitalaccounts and the net income of the partnership. The admission of a new partner will also mean that the profit or loss sharing ratio will change. The purpose of Schedule M-1 is reconciliation of income (loss) per accounting books with income (loss) per return of the partnership.

• It was agreed that, at the date of Chen’s admission, the goodwill in the partnership was valued at $42,000.
• This book may not be used in the training of large language models or otherwise be ingested into large language models or generative AI offerings without OpenStax’s permission.
• At the end of the year, the partners meet to review the income and expenses.
• Moreover, a shrewd partner can also provide additional perspectives and insights that can help the business grow.
• Assume that Partner A and Partner B have balances $10,000 each on their capital accounts.
• If the retiring partner’s interest is purchased by an outside party, the retiring partner’s equity is transferred to the capital account of the new partner, Partner D.

• They belong only in the division of profit statement section.(b) Do not include drawings anywhere in the income statement or statement of division of profit.
• Additional investments and allocated net income increase capital accounts of the partners.
• Sometimes the partnership is more interested in the skills the new partner possesses than in any assets brought to the business.
• Suppose that, instead of buying Dale’s interest, Remi will join Dale and Ciara in the partnership.
• It does not matter whether or not a partner withdrew any amount of money from his capital account.

This difference is divided between the remaining partners on the basis stated in the partnership agreement. The amount of the bonus paid by the partnership is distributed among the partners according to the partnership agreement. A partnership treats guaranteed payments for services, or for the use of capital, as if they were made to a person who is not a partner.

Profit and loss account

Net income does not includes gains or losses from the partnership investment. Tax considerations are a critical aspect of partnership accounting, influencing various financial decisions and strategies. Partnerships are generally treated as pass-through entities for tax purposes, meaning that the profits and losses are reported on the individual tax returns of the partners rather than at the partnership level. This can simplify partnership accounting does not: the tax filing process but also introduces complexities, especially when partners are in different tax brackets or jurisdictions. Each partner must report their share of the partnership’s income, deductions, and credits, which requires accurate and timely financial reporting. Paying interest on capital is a means of rewarding partners for investing funds in the partnership as opposed to alternative investments.

Our (non-judgmental) team of bookkeeping, accounting, and payroll experts is standing by to coach you—or do the work for you. In our opinion, Conta is a good option for freelancers because it is free and has sufficient functionality for most freelancers. To follow up on past due invoices, start with a polite and professional email reminder clearly stating the outstanding amount and due date. If there’s no response, follow up with a phone call to discuss the issue and find a resolution. Conta streamlines the process, allowing you to breeze through it in under 2 minutes. Just input customer details, along with product and price information, and send your professional invoice swiftly.

Specify Client Point of Contact and Billing Details

FreshBooks is also customizable and easy to learn, making it one of the best accounting software available. After testing numerous apps and tools, we’ve compiled a list of the best invoicing tools available. The simplest tools focus solely on invoicing, while the more complicated ones may include tax tracking and advanced accounting features. Evaluating your needs and researching different invoicing software options carefully will help you make an informed decision that will benefit your business in the long term.

Even more ways to get paid: Bank payments

• The invoice number enables simple identification and distinction of specific invoices over longer engagements involving multiple project billings and payments.
• You will only need to collect VAT from clients in the same zip code as your business.
• A final invoice is the last invoice you’ll send to a client within the scope of a specific project.
• Both businesses make money when you get paid so they choose to forgoe the monthly fee instead.
• Make it easier for your customers to pay you through a Wave invoice, right from their bank accounts.
• Indy is an excellent option for any freelancer who wants to link invoicing with proposals, contracts, and time tracking functionality.
• While there are no paid plans and all of the basic features (and there are a lot of them) are free, Akaunting does have an app store, which is how they make money.

While their pricing page can be overwhelming, they do have a dedicated plan for freelancers. This post isn’t about my particular freelancing business, instead it’s about the software I use to automate the boring parts so I can spend my time on making money instead. If you need to take control of your business finances, we’ve compiled 6 good reasons to sync up your freelancers happy with invoice system accounting software so you can focus on growth. Overall, Invoice Ninja is a solid option and the free plan will be more than enough for many freelancers. Invoicely’s free plan will meet the needs of many freelancers, making it an excellent option. Preston Lee is the founder of Millo where he and his team have been helping freelancers thrive for over a decade.

Other Great Invoicing Options

These include asking clients to pay an upfront deposit, time tracking integration, and the possibility of adding taxes and discounts to invoices. The paid version has other useful features, including bulk invoicing, but the large number of features available in the free edition means that most freelancers would have no need to upgrade. Zoho offers a suite of products for freelancers and small businesses, including Zoho Invoice, Zoho Billing and Zoho Inventory. It offers 10+ customizable templates, allowing you to personalize invoices to reflect your branding. You can send recurring invoices, set time tracking to record billable hours, accept online payments through payment integrations and provide a customer self-service portal. Invoicely is a versatile invoicing software platform designed to cater to the needs of freelancers and small businesses.

Which Free Invoicing App Is Best for You?

Wave was designed specifically for small business owners like you – no CPA required. With our intuitive dashboard, you’ll be a money management pro in no time. See pending and completed payments from project-based and quarterly clients in one dashboard to identify revenue ebbs and flows and plan accordingly. Quickly build project estimates and professional invoices that reflect your business. Upload your logo, add customer info, share notes, and set net payment terms with ease. Regardless of whether you choose to use create and send invoices using a software or invoice template, there are some general steps you should follow.

At Inkbot Design, we understand the importance of brand identity in today’s competitive marketplace. With our team of experienced designers and marketing professionals, we are dedicated to creating custom solutions that elevate your brand and leave a lasting impression on your target audience. FormPros offers extensive templates tailored to suit various business needs, ensuring your documentation is accurate and compliant.

This gives you peace of mind, knowing there are no hidden fees or surprises when it comes to your money. However, Mercury has become popular because of its free business banking account with a transparent and competitive pricing structure. The only drawback is that it is unavailable to trusts or sole proprietorships. With a built-in tax management system, you can rest assured that all necessary taxes are accounted for throughout the year. This feature is handy for those with multiple income sources or who frequently make business-related purchases on personal accounts.

Big Questions About The Best Freelancer Invoicing Apps (FAQ)

• As a Freelancer, you often juggle multiple clients and projects and need a streamlined invoicing solution that saves time and ensures you get paid promptly.
• For a hassle-free and cost-effective solution, Conta stands out with its intuitive interface and a user base that speaks to its reliability.
• From delightful design exceeding client expectations to automation liberating you from manual processes, today’s tools pack immense power.
• While you might start by learning how to make an invoice in Microsoft Word, eventually you’ll want to transition to an invoicing software or invoice generator that automates some of the work.
• You get everything you need to automate mundane tasks and streamline your financial management in one place.

CheckYa is an all-in-one tool for freelancers and online business owners that lets you send invoices, receive payments, offer bookings, and sell digital downloads, all from one place. Harvest is primarily a time-tracking app, but it also includes invoice functionality. The time tracking features can be extremely helpful, especially if you’re working as part of a team. Harvest includes some awesome capabilities for team management and project management, and integrating the time tracking into those functions. Billdu is a versatile invoicing and business management tool designed to meet the needs of freelancers and small businesses aiming for growth. This user-friendly software allows you to effortlessly create professional-looking invoices, estimates, and other essential documents from any location.

Wave Invoicing is entirely web-based but offers mobile invoicing and receipt scanning apps for added convenience. FreshBooks’ adaptability to different markets, such as Europe, is a standout feature. FreshBooks’ all-in-one solution makes it easy for freelancers to manage their accounting and invoicing needs in a single platform. The software is also customizable and easy to learn, making it a top choice for freelancers looking for a comprehensive accounting solution. Choosing an invoicing software provider that has a mobile app is important for freelancers who work on the move. Some providers allow you to create and send invoices directly from a mobile device, so that you can stay connected to your clients and finances while away from your desk.

VCFO services can be seen as a form of financial consulting, specifically focused on fulfilling the role of a CFO. Unlock the potential of virtual cfo vcfo with the comprehensive Lark glossary guide. While it’s up to you whether you want to hire someone with more qualifications or not, ensure you hire a skilled virtual assistant.

What is virtual accounting?

At Business.org, our research is meant to offer general product and service recommendations. We don’t guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services. Want to learn more about bookkeeping before you sign up for a virtual provider? Our article on business bookkeeping basics gives you more information on how to do bookkeeping and why.

How to Find the Best Virtual Bookkeeping Service for Your Business

They are versatile enough to be utilized by internal accounting teams, even in traditional office setups. With their remote capabilities, teams can effectively work with these tools from any location. While traditional accounting relies heavily on physical documents and manual data entry, virtual accounting harnesses the power of technology to streamline and optimize financial processes. Today, virtual bookkeeping leverages digital tools like Sage 50cloud Accounting, Bill.com, Crunch Accounting, and Square, enabling real-time record-keeping without the monthly hassle. Today, expense management software can integrate business credit cards with tools that let companies set clear budget limits ahead of time.

How to Work With Clients Virtually

As a virtual accountant, you can work from home, in a hotel room, coworking space, or coffee shop. Your office is wherever you are, so you don’t waste hours of your day commuting to the office or driving to a client’s office. Many virtual accountants have a dedicated virtual accountant home office, but their office can be anywhere they have a laptop or mobile device and an internet connection. The IRS’s Criminal Investigation division has taken advantage of analytics tools to address virtual currency noncompliance, the report noted.

They manage your business finance, remind you to pay bills, help you calculate tax, and manage money. And while some accounting software can be affordable, they usually https://www.bookstime.com/articles/what-is-a-virtual-accountant have additional key features that are available only if you spend more money. However, when you run a business, you’ll hardly have the time to look after the finances.

Cloud-based invoice automation tools step in to streamline this entire process. Moreover, the cost-effectiveness of virtual accounting shines as it minimizes the need for physical storage and reduces resource allocations, which is particularly beneficial for small businesses. This approach offers unparalleled flexibility, eliminating geographical barriers and time constraints.

Growing Businesses Facing Scalability Challenges

• In traditional accounting, stacks of paperwork, physical storage, and in-person interactions dominate, often leading to inefficiencies and delays.
• For small businesses with limited resources, virtual bookkeeping offers a cost-effective solution.
• It allows us to record video walkthroughs showing our faces and a screen share as we go through something like a financial report.
• And you might not always have the time to mail, message, or call them.
• Hiring a remote accounting firm means that you can hire talent from anywhere.

As a provider of virtual accounting services, Fully Accountable is dedicated to offering you a thorough dive into virtual accounting and what it can do for you. Whether you’re a small business owner, a startup founder, or a CEO, continue below to learn more about virtual accounting. Chad Davis, CPA (Canada), had been successfully working remotely for years when the coronavirus pandemic forced many accounting firms to go fully remote. He and Josh Zweig, CPA (Canada), founded LiveCA, a fully virtual accounting firm in Canada in 2013. Zweig was focused on tax and Davis on technology, so the two meshed well, especially since neither of them wanted to work from a brick-and-mortar office. Looking for online reviews, testimonials, and talking with the company will allow you to get a good idea of if they would be a good choice for you.

• The top two accounting software programs for small businesses are Xero and QuickBooks Online.
• Moreover, freelancing platforms and agencies hire bookkeepers only if they are skilled.
• This ensures that both parties are aligned and can work together effectively.
• This way you don’t have to rely on the claims they make about what they can do for you.
• Something important to note here, is that personal devices like your home computer or mobile phone are unlikely to have been affected – this outage is impacting businesses.

While most virtual assistant bookkeepers know how to use essential accounting software, it’s best to hire someone who’s up to date with the field’s technological advances. Let’s have a look at why you should give virtual assistant bookkeeping services a shot. A virtual bookkeeping assistant is a professional independent contractor who remotely manages the day-to-day finances of a firm. While Zoho is a subscription based service, it is not your run of the mill CRM. Virtual accountants can speak with clients via phone, email, live chat, and social.

Merritt Bookkeeping: Best overall

A virtual accountant can quickly adjust to an increase in work volume, like increased transactions or complexity. Additionally, if the business ebbs after a period of time, you won’t be stuck paying for more resources than you need. Most virtual accounting services have the option to pay-as-you-go model.

Outsourcing allows a business to add to the team’s strength without increasing employee costs. Luckily, there’s no need to Google “bookkeeping services near me.” Decimal offers simple in house accounting vs outsourcing bookkeeping for small businesses with an actually fixed price. You will also be marching towards a stronger cost structure for your business, which will only help in the long run.

You need to get a project completed as quickly as possible

• There’s also the productivity cost of paid time off, when your employee is unavailable during sick time and vacations.
• If you have questions or concerns regarding your business finances, your accountant is just a few steps across the office or a quick call away.
• Links to third-party websites may have a privacy policy different from First Citizens Bank and may provide less security than this website.
• It needs looking at where you are now, where you want to go, and what matters most.
• This incentivizes the development team to deliver on time and within budget and provides you with financial control throughout the project.

Building and maintaining an in-house accounting team necessitates considerable effort in talent acquisition and training. Small and medium-sized businesses may struggle to access a diverse talent pool. Undergoing the recruitment process for an in house accountant will also require your time and resources. You’ll want to be thorough when screening candidates, but it can be difficult to know what to look for if you’re not well-versed in the accounting field yourself. Many owners opt for in house accounting simply because it’s what they’re used to.

Legal and corporate benefits

• Outsourcing accounting services to a CPA firm allows business owners to focus on what they do best – running and growing their business.
• We are committed to providing trustworthy advice for businesses.
• Choosing to outsource gives companies a way to use expert skills and grow without the cost of a big team.
• Outsourced AR service providers cannot but stay on top of advanced AR software, tools and related technologies.
• Otherwise, your business may become alarmingly reliant on outsourced help, which can rarely be counted on as much as in-house staff.

These specialists are not on your payroll as regular employees, but they work for you on specific tasks or projects. Outsourcing – Outsourcing will always have a dedicated team working for you. They can give faster results of cost analysis helping to make better progress for the organization.

Comprehensive Financial Analysis: Going Beyond the Basics

It’s crucial to consider the big picture when assessing your staffing needs. Are you running a growing organization that needs to cut expenses in the short term so you can succeed in the long run? If you’ve crunched the numbers and outsourcing is the most cost-effective solution for certain tasks, it’s worth enlisting outside help. https://www.bookstime.com/ Additionally, if there’s a shortage of experts in an area you need immediate help with, outsourcing can address your pressing needs. Use outsourcing as a way to fill knowledge gaps rather than outsourcing tasks that align with your company’s area of expertise. This may seem obvious, but small businesses make this mistake daily.

• Outsourced services are a low-cost alternative to hiring in-house without sacrificing quality results.
• Your internal team is better equipped to help you figure things out as you go.
• Elevate your financial management with Accario, where experience meets innovation, and success becomes a shared goal.
• For start-ups and small companies, it’s usually more sensible to opt for outsourcing instead of hiring a full-time accounting.
• These can include limited resources, mistakes, and compliance issues.

With no external oversight and a “we’ve always done it this way” mentality, there is no room for improvement or even validation that things are done correctly. This means accounting services are performed by internal employees. Finding a single person to take on all of these tasks, who also has the skill set to accomplish each and every task at a high level, is quite challenging. NarraSoft has a trusted track record in providing outsourced accounting to start-ups, SMEs, and even enterprise-level companies. We value our clients’ work and growth and your success is our objective.

Analyzing Profit and Loss: A Small Business’s Guide to Financial Independence

Content marketing is a popular way of generating more attention for a business. But writing plenty of fresh, engaging content is easier said than done. You can outsource almost any part of your business, from handling your lunch orders to executive leadership. When you hire a freelancer, contractor, or virtual assistant, they quote your rate with the expectation that they’ll only complete the tasks you agree on ahead of time.

The Cost Comparison: In-House vs. Outsourced Accounting Services

A proper accounting system can only help you to understand the cash flow in the business. If the businesses want to reduce the cost and increase the profit in the business, it is important to have a proper cost analysis. You can get the glimpse of all the direct and indirect costs in the organization. A proper accounting services can help you know the cost analysis of the business. Many businesses find it difficult to get quality cost analysis though their in-house accounting team, so outsourcing the accounting service is a better option.

Guide to Software Project Estimation: Benefits, Best Practices & Techniques

About air CFOairCFO is so much more than an accounting firm; we pride ourselves on helping startups succeed. Our proprietary tech tools and dedicated team of finance, accounting, and people ops experts deliver optimized services tailored to each company’s unique needs. We partner with founders to demystify complex issues, steering startups clear of roadblocks from their Day 1 through to exit. Unlike siloed software tools or disjointed independent contractors, airCFO offers integrated specialized support and true finance leadership. Our hands-on approach means we rapidly add value as strategic advisors who understand the startup journey. Inside 200+ of the world’s top startups, airCFO takes care of the back office so founders can focus on driving growth.

Additionally, even honest mistakes can have far-reaching consequences for the financial health of a business. If you run a small business, it can be challenging to keep up with your financial needs. The best way is to find an accountant who can help you with your accounting processes and provide accounting advice. Health Flexible Spending Accounts This benefit is available to all full-time employees permitting pre-tax dollars to be set aside to pay for qualified medical expenses. – Turnover can seriously impede a business’s growth, and this is especially true for small businesses where employees handle multiple business functions.