Business Accountants Perth | Baggetta & Co

Posted by Tax Accounting Perth | Posted in Accountants Perth, Business Articles | Posted on 05-04-2012

If you are searching business accountants in Perth, or wanting to change from your current business accountant, it is important to understand that a good accountant is critical to your business and critical to the management of your business.

When choosing a business accountant it is important that you thoroughly consider your needs as your first step to finding a good accountant because the reality is that all business accounting firms in Perth are not all the same.

A good business accounting practice does much more than just record transactions and passively create documents.? They should be actively encouraging you to work with them to analyse, interpret and convert your data into meaningful information which will help you make strategic decisions that will improve and grow your business.

The good accounting firms in Perth add value to their business clients by providing them with value added services such as:

• Benchmarking ? enables you to compare your business to another business in the same sector as yours, and analyse the key performance indicators in your business sector which can then be used to improve your business.
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• Budgeting ? enables a business to set financial targets and measure your performance.? Budgets often improve your chances of acquiring funds.
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• Cashflow Forecasting ? enables a business to see if they are going to have enough cash to pay their expenses every month, helspts a business realise and understand when cash is available, plan and prepare for expansion and taxes, and helps a business analyse and anticipate key expenses.
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• Risk Management ? an effective risk management strategy improves the performance of your business, enables you to complete goals, and protects the value of your business.

The good business accountants also understand that your personal finances are integrally linked to your business finances.? They should view the two holistically and be able to offer advice on both fronts.? While serving as your business accountant, they should be able to also offer you succession planning advice, retirement planning advice, estate planning advice that are ancillary to your business activities but that will ultimately leave you in a stronger financial position.

The good business accounting firms in Perth should have a network of good referral sources for your business and personal financial needs.? Whilst the strength of a good accountant is still in what they know, a mark of a great business accountant is also in who they know.? Your accountant should have a group of knowledgeable professionals in various areas of expertise that you can be referred to for further assistance, eg, financing, wills, risk insurance, etc.

If you are searching for good business accountants in Perth, please Click Here And Contact BAGGETTA & CO. Baggetta & Co are Business Accountants, Financial Planners and Self Managed Super Fund specialists.? We are highly qualified, experienced, and dedicated to small to medium business clients. Call (08) 9317 7300 to find out how we can help your business to grow.

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