For many business owners in North Carolina, dealing with accounting matters can create a major roadblock to upwards progress. In this case, accessing the assistance of a business accountant can be extremely helpful, and the skilled accounting and financial services team at Sharrard McGee & Co., PA have what it takes to keep success a top priority.

A reliable business accountant can be indispensable in many different respects, especially with the following tasks:

Help Mitigate Risk

By reviewing your current processes, a business accountant can identify any potential risks and help devise a reasonable solution. Risk management is integral to keeping costs low, as many seemingly small issues can become fiscally unwieldy if left unaddressed. Additionally, it can be difficult for business owners to do a thorough risk assessment on their own since it is a time-consuming and complex process.

Provide Essential Resources

Because business accounting is an expansive subject, it’s vital that accountants are capable of providing a wide range of resources. To this end, areas of knowledge must include human resource compliance issues, tax returns related to payroll, negotiating loans, bookkeeping, and bringing together financial statements.

Create a Profit & Loss Statement

By tracking your business’s profits and losses, you can get a better read on overall performance. An accountant can help you track these figures, while also identifying any areas that are diverging from budgeting needs. Profit and loss statements are also a great way to identify liability from a tax perspective.

With four decades of experience under their belts, Sharrard McGee & Co., PA has established a reputation for excellence among peers and associates alike. Learn more about the full range of accounting services currently available by visiting this firm online today. You can also contact one of two convenient locations to arrange a consultation with a business accountant. Call (336) 884-0410 to reach the High Point office, or call (336) 272-9777 to speak with an associate in Greensboro.