Do You Need An Accountant With QuickBooks?

Do You Need An Accountant With QuickBooks? | Accounting Smarts
Charles Hall

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Charles Hall

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June 10, 2022

Using QuickBooks is a great way to stay on top of everything that's going on in your business. It's easy to use, it's intuitive, and it provides you with an organized system you can depend on.

Using QuickBooks is a great way to stay on top of everything that's going on in your business. It's easy to use, it's intuitive, and it provides you with an organized system you can depend on. After getting used to QuickBooks, you may begin to wonder if you really need an accountant - and that's what you'll learn about in this article.

It's easy to lose track of why accountants are so important in day-to-day life. After all, you talk to them every so often and it's always tax-related. Maybe such a good piece of software like QuickBooks is enough to replace your accountant, right? Wrong!

You still need an accountant if you're using QuickBooks. When it comes to managing a business, there's more than taking care of taxes - and your accountant takes care of a lot of things, even if you don't see it every day.

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You still need help with your taxes

There's no denying QuickBooks is amazing. Simply put, it's a game-changer. Don't let that fool you, though. This software is one of the many tools you can use as a business owner - but it's not a replacement for professional accounting!

You still need the peace of mind that comes from an accountant checking and double-checking your taxes right before you file them. And when it comes to something as important as filing taxes, you definitely want peace of mind.

That's not all! Your accountant will always be in the loop when it comes to new taxes and regulations. You may be one late QuickBooks update away from doing your taxes the wrong way - and that could set you back plenty.

An accountant will help you keep track of everything

Most people think of accountants as tax-filing machines - but they're way more than that! Accountants are experts when it comes to numbers and all-things-finance, and that's exactly the kind of person you need in your team to succeed.

Yes, you can use QuickBooks and that will help you a lot. But what if you miss out on something? What if you forget about a loan, a mortgage payment, or something related to payroll? QuickBooks can only help you with the things you input - not with the ones you forget.

An accountant will help you stay sharp. If you forget something or if the numbers are off, your accountant will be the first to notice - he'll notice before you do.

Confirmation that you're doing okay

Not only do you need peace of mind when it comes to your taxes, but you need peace of mind when it comes to all your financial numbers. An accountant will be right there with you to make sure everything is doing okay.

QuickBooks is amazing - but it won't try to talk you out of a bad decision. On the other hand, an accountant will be able to tell when you're going overboard or when you're not getting the most out of your business.

Are you about to get a predatory loan out of desperation? Are you not using your profits the best you can? An accountant will help you when it comes to that stuff too - and that's priceless advice.

Payroll will still get complicated

If there's something you don't want to mess up (other than taxes), that's payroll numbers. A happy employee is a good employee. An employee that isn't getting his salary right every month is bad news.

As you know, QuickBooks will help you with the data you input. If you make a mistake, there's no way for the software to know. An accountant will be able to spot a problem - and, if worst comes to worst, will be able to fix one that's been going on for a long time.

With an accountant by your side, you will reduce the odds of making a mistake. And if you make one, he'll know how to help you to right that wrong.

Compliance won't come from software

No matter how good you are when it comes to QuickBooks, you still need an accountant to be sure you're compliant with all rules and regulations.

Imagine what would happen if you file your annual tax returns in QuickBooks the wrong way - you'll be paying way more in fines than you would by hiring an accountant.

And that's a dead giveaway why you need to hire an accountant, even if you're using QuickBooks: it's cheaper to be right and safe than it is to risk it and get caught being wrong.

You may need an extra hand

There's something else QuickBooks won't be able to help you with - and that's expanding your business. An accountant will be able to help you figure out what your next steps should be.

Not only that, but he will also help you get anything you need to grow your business. Lawyers, loans, and anything else you can imagine, the right accountant has more than enough contacts to smooth that transition from small business to big!

Remember, you'll get more than someone filing your taxes when you hire an accountant. At the end of the day, that's the important part - the one you need to value the most.

You need both QuickBooks and an accountant

Fortunately, you don't have to choose between using QuickBooks and hiring an accountant. You can have both help you manage your business!

You can use QuickBooks to cover your day-to-day operations. File your taxes, keep track of your payroll, and everything else you need.

Then, whenever you are in doubt or need an extra hand, your accountant will be there to help you out. When it comes to important things, your accountant will take care of them for you.

Having both QuickBooks and an accountant by your side is the winning strategy your business needs.

Charles Hall

Charles Hall

Charles has spent 25 plus years in the world of accounting and business. His experience includes working as a CPA/Auditor international accounting firms. He has worked as a controller and as a COO for small to medium sized companies.

Learn more about Charles Hall