Accounting Archives - Experienced Las Vegas CPA Firm | Larry L. Bertsch, CPA & Associates

May 30, 2022 By LLBCPA

When Should My Business Hire a Financial Leader?

You didn’t go into business to create spreadsheets and worry about balancing books. You went into business to bring your talents to the world and help people. As a new and growing business, you were likely able to keep up with your finances. It may not have been enjoyable work, but it was doable.

However, as you grow, the time necessary to keep your finances straight begins to take away from the time you could be using to bring in more customers, develop new products, service your existing clients, and scale your operation.

Maybe you’ve noticed that your financial reports are not precise, or they take too much time to generate. Perhaps you’re experiencing a challenge with your cash flow or having a difficult time determining what metrics matter to the future of your business. You may have a bookkeeper watching over your books, but no accountant utilizing this data. If any of this sounds familiar, it may be time to hire a financial leader and take the burden off your shoulders.

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April 18, 2022 By LLBCPA

5 Ways to Better Manage Business Finances

When running a business, one of the most important pieces is making sure your finances are being managed correctly. If you don’t know how to manage business finances, it can lead to not knowing where your money is going within your company, being unaware of issues that have arisen in your finances, and even going as far as leaving your business damaged financially. However, having the right knowledge and the right people to work with can help make sure you are set up for success going forward.

If you’re looking for business finance tips, you’ve come to the right place. When it comes to how to manage business finances, there are some great tips that every business owner should know. It’s important to start off by understanding all the elements that go into organizing your finances. Once you have that understanding, you then have to weigh the pros and cons of keeping your financial handling in-house or hiring some outside help to make sure your records are up to date and accurate.

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December 15, 2021 By LLBCPA

How to Prepare Financial Statements For Your Business

You went into business to do whatever it is that you love to do. Unfortunately, somewhere along the line, you learned a hard lesson … running a business requires a lot more tasks than what you originally signed up for. One of the most challenging aspects – a responsibility that strikes fear in the hearts of anyone without an accounting degree – is keeping track of your financials.

Financial statements are not only necessary when you seek credit or a loan, or when you have a board or investors you have to answer to. They are also important for you to understand where your business is and what you need to do to make it better. Thankfully, running financial reports on your company doesn’t have to be a frightening experience. With the right know-how and the right expert support with your bookkeeping, you’ll become a “numbers person” in no time.

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November 15, 2021 By LLBCPA

8 End-of-the-Year Accounting Resolutions To Better Your Business

The COVID-19 pandemic has thrown most businesses through a loop.

For a while, it looked like we may never get back to normal, and now that “normalcy” seems around the corner, we’ve run into a host of new problems. They range from labor shortages to supply chain issues to what’s become known as a “hybrid workforce,” where formerly remote employees are now splitting time between the office and home.

With all these challenges that seem to continue growing, the last thing you should worry about as a business owner is your accounting. Now is the perfect time to resolve to hire a professional accounting firm to take care of the details you don’t have enough hours in the day to tackle.

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October 21, 2020 By Larry L. Bertsch, CPA and Associates

How Can I Detect Fraud or Embezzlement in My Business?

One of the many responsibilities of a business owner is that of detecting fraud and embezzlement. Most cases of theft on this level are carried out by an employee or a trusted business insider, such as an accountant. The ripple effects of a major theft incident can create serious complications that can linger on for many years, and in some extreme cases, it can even cause a business to completely shut down. Fortunately, there are several methods that business owners and high-level managers alike can utilize to successfully detect fraud and embezzlement before it’s too late.

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