business management – Page 4 – MARIELA RUIZ, CPA, PLLC

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3 Signs That Your Business Needs Accounting Services

An accountant sitting at a desk with a computer doing taxes

For startups, it is easy to get by without the services of an accountant in the beginning as there is barely any need of it. If you own a business and have access to an accounting software with the know-how of accounting for small business owners, you will do just fine. But as you continue to expand, there will be tell-tale signs that it is time to hand over the task to a professional accountant.

1. Your business has experienced a major growth spurt.

With great power, comes great responsibility. Every business owner dreams of such progress and if you are experiencing such a shift in paradigm, you will need to expand. More staff, inventory, work processes, and internal system only leads to more paperwork and calculations. It is wise to have a person dedicated to this task and responsible for keeping all the finances in order.

2. You find yourself in need of professional financial reporting.

If your business is in search of investors or loans, it is better to have your company’s financial state and history in order. It is one of the most integral parts of a loan application or a proposal to investors. You will need a professional who knows the trade inside out. An accountant understands the relevant information that needs to be included with financial reports to score investors and loans. An accounting specialist will also produce financial forecasting for your business. This will provide insights for what direction your business is heading to.

3. An audit hangs over your head.

An audit due can be a stressful experience. If it is your first time being audited, you should know what the audit process is. If you don’t have a professional accountant by now, it’s high time you get one. An accountant will work through your paperwork and help you organize and identify the information that the IRS will inquire about in the audit. Your hired accountant can also directly liaise with the IRS on your behalf. This will free up your time to work towards more productive and constructive goals.

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Conclusion

MARIELA RUIZ, CPA, PLLC offers professional accounting and bookkeeping services in Mission, TX. We guarantee you success through our highly experienced team of accountants, tax experts, and bookkeepers. We don’t ask for your vote of confidence – we will earn it through our services. Get yourself an accountant at MARIELA RUIZ, CPA, PLLC or call us at (956) 997-0067 to book an appointment.

Financial Controller Services

August 30, 2021 / admin / 0 Comments

The growing pains that flourishing companies experience look different and fluctuate over time based on department, company size, rate of growth, and other key factors. In finance departments, management may notice that as transactions increase in volume and complexity, managing the day-to-day duties of accounting and finance, while maximizing growth and performance can get overwhelming. When this happens, it may mean it’s time to invest in adding a financial controller to the payroll.

What is a Financial Controller?

A financial controller is someone who’s a certified public accountant (CPA) or has equivalent industry experience and education in accounting or finance. Controllers are hired when a company’s finance department requires supplementary support with some of their financial oversight. Every financial controller job is unique, but most will be responsible for ensuring maximum financial efficiency, health, and compliance within their company.

Who Needs a Controller?

As a company becomes more inundated with business overtime, it is normal to crave additional assistance in order to ease the increasing workload on each individual. It is often the chief financial officer (CFO) of a company who will eventually require the direct support of a financial controller. Depending on the company, a financial controller may be responsible for helping the CFO with financial reports and statements, preparing budgets, providing internal audits, preparing taxes, managing purchase orders and other financial related duties.

Final Thoughts

Outsourcing financial controller services for your growing business can provide a cost-effective resource of support at a critical time in your business’ development. Whether your company needs temporary or permanent financial support, you can rely on Mariela Ruiz, CPA, LLC of South Texas! She has a proven track record in her field and is committed to honesty, efficiency, and success every time! Call our team today at (956) 997-0067 to find out how we can help you and your business thrive!

What You Can Expect When Hiring a Business Consultant

November 25, 2019 / admin / 0 Comments

Making the decision to bring on a business consultant can be a step in the right direction for your business. Whether you’re searching for a strategic planning partner or more insight into your financials, finding a consultant who can keep your business on track is a game changer. You should hire someone with background knowledge on your industry, organized planning skills, and the ability to develop training programs based on your needs. For more information on what a business consultant can do for you, keep reading!

Initial Assessment

When you set up an official meeting with a consultant, he or she will be able to provide you with an initial assessment. With this assessment, the consultant can detail your business’ strengths and weaknesses, as well as ways to implement improvements. You can also discuss goals and expectations up front, which will help your consultant understand what your wants and needs are. The more information you give up front, the better results and growth you will see overall.

Strategic Planning

Once you’ve gone over the assessment of your business, here’s where your consultant’s organized planning skills will come into play. He or she will come up with manageable business strategies that you can start applying to the company. Small adjustments to your business, like upgrading to newer technology or addressing management problems, are just some of the suggestions your consultant might talk to you about. Of course, a quality business consultant will hold you accountable to make these actions, while giving you guidance along the way. The proper consultant would want your business to succeed!

Effective Training

If your business is underperforming in certain areas, your consultant might recommend management and staff development training. Training targeted for specific levels in your departments can improve communication between management and build quality leadership skills. Although the progress and change you’re hoping for will take time, aiming for the desired results is possible today. Your commitment as a business owner and as a leader to the company is important; your goals can be achievable!

Conclusion

If you want to see improvements for your business, we suggest hiring a business consultant to meet your financial and consulting needs. Here at MARIELA RUIZ, CPA, PLLC, we can address your management concerns and form a plan of action. To get in contact with one of our professional consultants, please call or visit our website today!

MARIELA RUIZ, CPA, PLLC

Helping Individuals and Businesses Financially Thrive.