550,000 new businesses…

Wow! A study sponsored by the Ewing Marion Kauffman Foundation

showed that the number of small businesses in the U.S.

grew by 550,000 per month from 1996 to 2004, despite swings in the economy.*

This is Good News for You as an Accountant and Tax Professional

Most bookkeepers will tell you that along with the great income they earn, one of the most satisfying things they do is create the bookkeeping system for a brand new company. The ability to establish practices that directly effect the bottom-line of a new business is very rewarding.

Its no secret. Successful business owners know what’s going on inside their business. To really understand any business, you need to have a sense of the numbers and what they are telling you. Unfortunately, many business owners put too much trust in accounting software to give them that understanding.

Why do I say unfortunately? Because using any accounting software for data entry without an understanding of the accounting process gives you an incomplete picture of what the numbers are telling you. Worse still, it might give you the wrong interpretation.

Without an understanding of what the numbers mean, business owners are making decisions based upon faulty data. For a small buisnesses’ profitability, that’s dangerous at best.

Often, limits of the software, limits that are necessary to make the software easy for a layman to use, create a false sense of security for the business owner. With a complete understanding of the accounting process, a qualified and skilled bookkeeper/accountant provides a business with the proper interpretation of what their accounting software tells them.

The Bookkeeper - One of the Most Important Members of the Team

Savvy business owners understand and appreciate the value of their bookkeeper/accountant and treat him or her as a trusted and respected advisor.

In his book In the Black:Nine Principles to Make Your Business Profitable, Allen Bostrom, President of Universal Accounting Center states, “Minimally, you should plan to have one accountant for every 10 employees. If you have fewer than 10 employees, you should consider outsourcing the service to a professional bookkeeper or accountant.”

In today’s marketplace, business owners must pay more attention to their financial progress to keep competitive. You might find it interesting to know that when seeking financing, banks determine the strength of your company by your understanding of the following:

• The condition of your accounting system
• Your awareness of your current financial position
• Your plans for future growth

With New Businesses Starting at an Incredible Rate - Now’s the Time to Start Your Bookkeeping and Accounting Practice

You don’t need to take my word for it, there are literally hundreds of graduates of the Professional Bookkeeper Program who are watching their businesses grow. The number of new small business start-ups every month make this possible like never before. They find that the rewarding and exciting business of Professional Accounting and Tax Preparation not only provides a very valuable service for their clients, but it creates the professional and personal success that they have been looking for.

Follow the link below and find out just what a career in accounting and tax preparation will do for you and your family.

Click Here to See What a Career in Accounting and Tax Preparation Can Do for You

*The study, conducted by Robert W. Fairlie of the University of California, Santa Cruz, who drew on Census data and Bureau of Labor Statistics for the study, indicates that entrepreneurship in the U.S. has remained relatively constant over the past 10 years.