A Three-Pronged Approach: The Power of a Client-CPA-Bookkeeping Team | SBS Accounting & Advisors

In this video, we will discuss the power of a client-CPA-bookkeeping team.

Many people think that a CPA and a bookkeeper are the same thing, but actually have very different roles when it comes to your business finances.

While a CPA offers tax planning and advisory services, a bookkeeper crunches the day-to-day numbers, prepares forecasts and tax filings, and turns the clients’ data, or key performance indicators, into actionable results that will drive business growth.

As a small business owner, I would advise that you consider the combined power offered of both a CPA and a bookkeeper. When you put together a CPA,a bookkeeper, and add in a client, you get a powerful result that can unlock your untapped potential and turn it into a big success.

Let’s discuss our 3 - pronged approach to building a client, CPA, bookkeeping team.

#1 - The Trust Factor

Being able to trust others is so important when it comes to your sensitive data and your business. By nature, a CPA and a bookkeeper must be trustworthy, after all they are handling your business’s finances. Establishing trust can take time, but when you know you can trust both, and that you can then bring them together, and have assurance that they both have your best interests at heart, it’s a tremendous feeling and relief.

The CPA and bookkeeper have different roles, but when working in tandem, they provide accountability that limits mistakes and saves time. They can check each other’s work and look for mistakes, because let’s face it, no one is perfect, even the best of us. They can also help you collaborate and plan your financial future. For example, after your CPA determines your safe harbor tax payments, then your bookkeeper can make sure that those payments happen consistently. And from there, your bookkeeper can then build the numbers and spot any red flags that stand out.

#2 - The Dream Team

Simply put, two forces are better than one. When you take the knowledge and expertise of a strong CPA and bookkeeper, and combine those forces together, it’s a powerful thing. When it comes to your business financials, there can be a lot of crossover that both parties are already working on; with that said, getting the two of them on the same page is key to your long-term growth.

Creating this open line of communication between your CPA and bookkeeper enables you to get the most value and best results for your business. In turn, the two can keep you apprised of all decisions and strategies, while giving you the peace of mind that they are coming up with great solutions and not taking up too much of your time. After all, that’s the point isn’t it. We hire these tasks out so that we can focus on growing our businesses and doing what we love.

#3 - Improved Turnaround Times and Less Stress

By bringing the bookkeeper and the CPA together, you create a shared workload and avoid bottlenecks, especially during tax season. This will lead to you experiencing less stress, and ultimately being happier and more productive.

For your CPA, tax season is stressful enough when clients come to them with incomplete or inaccurate books, which is only natural, after all, if we were all CPAs and bookkeepers ourselves, then we wouldn’t need to have this discussion. But, by involving a bookkeeper like Sound Business Services, your CPA’s stress will be alleviated knowing that the bookkeeper worked with you and your clients ahead of time to get everything cleaned up and caught up before handing them off to your CPA.

At SBS, we already partner with CPAs to bring you the best of both worlds, and ultimately, be more productive and happier in business and in life. And we would love to start this discussion with you and your CPA to pursue this opportunity for growth.

Thank you for watching and be sure to check out our YouTube channel and website for other helpful resources for you and your business.