4 minutes reading time (738 words)

Are You an Entrepreneur Or Employee In Your Business?

 

Do you sometimes wonder if you’re actually the owner of your small business or if you are its most underpaid and overworked employee? Are you always finding yourself weeks, if not months, behind on the accounting for your small business? When it comes to small business ownership, you’re not alone on either of these things.

There are many small business owners who feel like they’re more employees than entrepreneurs when it comes to the daily operation and management of their business. This often shows up the most when it comes to staying on top of the bookkeeping for your business. Accounting services and cloud accounting for your small business, properly managed and procured, can make all the difference in you feeling more like a successful small business owner rather than an employee.

It’s important, as a small business owner, to keep proper books and manage the accounting of your business. However, it should never be something that becomes a burden that takes you away from why you started your business in the first place. Today, we wanted to discuss with you a few things you can do to get your bookkeeping back in order, and get back to what matters most; being an entrepreneur.

  1. Separate Personal from Business

Maybe you got overrun with unexpected orders faster than you imagined. Or, it might even be that when you first started things up with your company, you hadn’t considered accounting services for small businesses. Whatever the case may be, keeping the business finances separate from your personal spending is crucially important. While a good number of entrepreneurs will start off lumping in their personal finances together with operational expenses, this is a no go. Take time to track your business spending, whether it’s using an accounting services company, cloud accounting, or doing it yourself.  This can be a game changer when it comes to successfully growing your small business.

  1. Educate Yourself on your Options

As an entrepreneur, you understand how important having all the information gathered before moving forward on something as big as starting your own business is. Yet, so many entrepreneurs don’t take the time to do the same when it comes to their accounting services for small businesses. It becomes too late to really get a grip on what’s happening to the financial health of your business if you don’t start with that in mind from the beginning. Cost tracking, financial reporting, and profit vs loss projecting are ways to help stay ahead of the curve and keep the growth of your business on an upward trajectory.

  1. Accounting Software

Choosing the right accounting software can make all the difference in proper management of your small business’ finances. Cloud accounting has become one of the best ways to manage your company’s books, while also maintaining control over how your business grows. This type of accounting services makes it easy to stay on top of all of your business’ accounting needs no matter where in the world you are. Plus, they can automate the accounting reports, profit v loss comparisons, and any kind of projection for your business you can imagine at the drop of a hat, or better yet, at the click of a button.

  1. Where do you stack up?

Being able to keep track of the way your company is performing throughout the course of a given year is a great way to stay ahead of your accounting. Examining where money is coming in and where it is going out from in regards to your products, sales, or overhead is a solid and thorough way of measuring the progress you are making. Analysis of your small business’ accounting is crucially important to its growth each and every quarter. Knowing if you’ve got enough capital to get that much-needed equipment upgrade or reinvest profits into other areas of development for you small business comes with knowing how you’re stacking up each month.

As a small business owner, handling your company’s accounting services isn’t what you started your business for. Looking at hiring a company like Numetrica that specializes in accounting services for small businesses can provide you the ability to return your focus on the things you loved when you started your company.

Call us today and find out how we can help you get your accounting back on track and feel less like an employee and more like the entrepreneur you are, today!

Need a CFO?

×
Stay Informed

When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them.

How to Improve the Bottom Line for Your Small Busi...
Can Accounting Services Help You Grow Your Busines...
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Saturday, 10 December 2022

One-Stop Shop for Accounting
and Bookkeeping in Ottawa

Numetrica City Accounting

Awards / Featured On

Reviews

Check what some of our clients are saying about our services.
  • I highly recommend Moe Tabesh. His service is phenomenal, to say the least. His tax knowledge is extensive and he’s been able to save me a substantial amount of money by following his recommendations. In addition, he is warm, kind, understanding, positive, and flexible, which are qualities I find rare in most accountants I’ve worked with. You’re in good hands with Moe, I can’t recommend him enough.

    Samantha Biron

    President and Founder, Find Your Tribe
  • Moe and everyone at Numetrica have been incredible at helping with my new corporation and corporate and personal tax returns and my other small business. Their accounting skills are out of this world and the technology they use makes everything so simple and fast. The time you will save will be worth every penny. Thanks again Moe for all your help!

    Jeremy Prudhomme

    CEO, Jeeman TV
  • Mr Tabesh (Captain Number Cruncher) and his perfect team are not only professional in their fields, they are extremely passionate about their clients! Numetrica City continues to support us with corporate and personal tax returns, bookkeeping (thank you so much Sherry ) and We are so happy and appreciative for you and your responsible team, Moe!!!
    I really recommend these guys to everybody.

    Farshid Dehnavi

    President and CEO, Ink Plus
  • I did my first Corporate tax return and cloud accounting with Numetrica City and I am very satisfied with the work they did. The team was very responsive and answered all my questions. I 1000% recommend their services.

    Keddy Declan

    CEO , IT Referrals
  • I would highly recommend Numetrica City-Accountants, Tax and Bookkeepers. Exceptional customer service. I am assured that all my company tax services and payroll are taken care of because of the great team that Moe has. I like the fact that I do not have to worry about driving to a physical location for my accounting services, my company's accounting tax preparations are done online due to the excellent cloud service Numetrica City has. Definitely score a10/10. Thank you for all the good work that you guys do. Greatly appreciated!

    Sibeso Kehinde

    OUR PROCESS

    Discovery

    We’d love to hear about your goals and aspirations. After understanding the big picture, we’ll dig into the details of your bookkeeping process so we can assess your needs.

    Proposal

    Once we understand your needs, we’ll send over a proposal that outlines our plan for tackling your challenges and a fixed monthly price for those bookkeeping services.

    Set-up

    Once you accept our proposal, we’ll get your bookkeeping tidied and up to date and begin implementing cloud accounting tools that will ensure proper bookkeeping going forward.

    Get Connected

    Once the set-up is done, the hard part is over. You’ll be connected to your CPA-level bookkeeper and they will become your main point of contact.

    Reviews

    Once the clean up is done, the hard part is over. You’ll get connected to your bookkeeper and he/she will become your main point of contact. Don’t worry, we only select the best CPA or CPA students.

    Join our family

    Clients

    Trust in the superhero accountants of Numetrica to keep your numbers in order and for expert advice on growing your business. Numetrica City specializes in providing clients with in-depth accounting and bookkeeping services in Canada and the United States as well as financial advice to assist you in making the right decisions for your business.