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Full-Time Accounting

Full-Time Accounting

We’ve talked about how to know when you need an accountant for your small business. This is a very different kettle of fish, and there will be plenty of time in between the two hiring events for most companies. An accounting

firm or an outsourced accountant can be all your business needs for years. It may be all you ever need if your finances stay relatively straightforward. On the other hand, if you grow quickly, take on complex financial arrangements, or just end up demanding a lot of your outside accountant, hiring for an in-house position makessense. The salary part is self-explanatory. The more money you’re earning, the more money you’ll need to keep track of. If that money is coming from multiple countries or through multiple associated businesses, there’s even more reason to hire someone to keep everything in line. If you look around long enough, you’ll see all sorts of suggestions as to how much money counts as “a lot.” For example, At Capterra, they managed to keep the lights on and everyone happy with no accountant and plenty of revenue. Some companies will feel the pinch at $200,000 while some will be fine until they’re raking in well over $1 million.

One of the hardest parts of running an agency is the lack of steady income. You need to find ways bring revenue through the door each and every month. Retainer agreements can help take you from reactive to proactive when it comes to closing deals, and provide you with assets to keep your business afloat. To avoid any stall in cash flow, consider selling your clients on monthly retainers. Full-time accounting hence is a job requiring hard work but comes with much higher returns as well. To know more about this service, please feel free to contact us.


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