Choosing a Gallatin accountant
The following article will describe for you some of the considerations when evaluating accountants online in Gallatin.
Although they are often used interchangeably, the first question to consider is whether you need an accountant or a Gallatin bookkeeper.
What does an accountant do?
Typical accounting services include tax preparation (commonly done by a tax accountant), audit, and financial planning. Your Gallatin accounting firm is generally forward-thinking and looks for ways to structure your business to ensure its long term success. Your accountant should be genuinely interested your business. An accountant in Gallatin can also be invaluable to you through networking in the larger Gallatin business community. Generally speaking, the same accounting rules apply whether your business employs two people or two thousand people, so a Gallatin accountant makes sure that you are compliant with local and federal accounting regulations.
Your accountant will have his/her favorite accounting software. Make sure that the accounting software is up to date and regularly backed up.
Types of accountants
Accountants come in different shapes and sizes. Typical designations include Certified Public Accountant (CPA), and Certified Management Accountant (CMA).
Further information on the accounting professsion can be found at the American Institute of Certified Public Accountants (AICPA) - http://www.aicpa.org
What does a bookkeeper do?
As the name implies, a Gallatin bookkeeper is responsible for managing your business' records, such as its accounts receivable and accounts payable. Usually, your Gallatin accountant will set up the accounting structure, while the bookkeeper will work within this structure. Accurate business records are critical to the success of your business.
Record-keeping software varies by industry and company size. Popular Gallatin bookkeeping applications include Simply Accounting and QuickBooks. Whatever bookkeeping software you choose, make sure that you regularly back up your data and keep hard copies of important documents.
Further information on the bookkeeping profession can be found at the American Institute of Professional Bookkeepers (AIPB) - http://www.aipb.org
Fun fact: Kenny G, the jazz artist, began his career as an accountant
You may also be interested in Small Business Accounting.