I asked my personal accountant Colette Melott (CMA, EA) to join the Smart Cleaning Tribe for an Expert Call to help cleaning company owners understand their numbers and who to hire in their specific case. Colette starts this interview with the accounting basics.
Bookkeepers helps you track transactions with your money coming in and your money coming out. In most cases, a bookkeeper does not help you apply what those numbers mean to anything. They are putting your puzzle together, but they're not telling you what the picture on the puzzle is. There are not too many certifications for bookkeepers. However a Quickbooks Pro Advisor is a great designation to find especially if your business utilizes Quickbooks. These certified bookkeepers are proficient enough to adapt your business numbers appropriately and legally to Quickbooks.
Accountants puts it all together for you. Bookkeeping is a task of accounting, but they don't stop there. They take those numbers and apply meaning to them to help you make business and tax decisions. There are several designations of accounting professionals.
Tax Attorneys are the only ones who can practice law. They help if you need representation in tax court. This is a high level professional that you need when you're in trouble! Therefore, study this episode and hire the right professional so you never NEED this pro!
That's part one of my interview with my accountant Colette. These are accounting designations I wised I knew 20 years ago. I hope that Colette helped you understand the landscape of accounting professionals.
Would you like to connect with my accountant. You can find her at CMBA Solutions.
The Smart Cleaning School Podcast helps cleaning business owners from start-up to the struggling solo to the striving seven-figure get SMARTER in their businesses, reshape their mindset, increase productivity, clear the overwhelm, and get clarity through SMART goal-setting & personal accountability. Ken Carfagno is a lifetime learner and teacher. His mission is to help visionaries make the impact they were meant to make.