Pros and Cons of Getting Seattle Professional Accounting Service

The accounting aspect of every business is one of the most important departments that needs precision in every task. The key to perfecting the accounting tasks in a business is to hire the right people to work on your accounting matters. However, you can’t just get people to work for you. You have to hire the right individuals to give you the best Seattle Professional accounting service. 

You may think that hiring a professional would be so costly on your part. Wait until you see the different advantages that the professionals can give you and your business. Here are some of the Pros that you can enjoy when a hiring a professional accounting service provider in Seattle. 

1. Precision of information and accuracy of results – you are working with a professional. These professionals have more than enough education about accounting and its related functions. Aside from the knowledge that they have, they could be skilled in the field as well. You can be assured of precision and accuracy of tasks when you hire a professional.

2. Optimize Time management – because professional accounting service providers know pretty well what they do, they can be really fast when it comes to doing their tasks. Their performance may be quick but it does not mean that the results have poor quality. This is the case when you hire a professional. They always see to it that they come up with the best results in a timely manner. 

3. Maximization of Liabilities – professionals are well informed about accounting matters in business and most importantly about the laws and policies related to it. Your taxes are included in a professional’s responsibility in the accounting department. What the expert can do is that they can prepare and file for tax dues while ensuring that your expenses are maximized. 

Although there are benefits in hiring an accounting service professional, there are few downsides to it as well. As the cliché goes, nothing is perfect. Trusting your tasks to professional service providers cannot guarantee you perfection. Here are some cons you would probably have when you hire a professional for your accounting department. 

1. It could be costly – professional accountants have gone through proper education with a longer number of years compared to ordinary accountants. Certified and licensed accountants would surely ask for a higher paying rate than starters. However, you can be assured that your asks are properly managed.

2. Decrease in the integrity of trust – accounting is such a crucial department in every business since it involves money. Some people might take advantage of the trust you give to them. What you have to do is to make sure that you hire somebody who will not try to manipulate your funds and would only do their job appropriately.

What you would not want to see in your business are the downsides of getting Seattle professional accounting service. However, if you find the right professional, you can be assured that your business will run smoothly without or the least trouble. 

Types of Financial Accounting Services Offered in Seattle

When you are talking about financial accounting services in Seattle, it does not only refer to one type of job that  company can do. The services often come in different types and performed specifically to handle a business’ accounting department. What common services are offered in Seattle that are related to financial accounting? Read through the rest of the article to know about the different services you can avail from any accounting service providers in Seattle.

1. Full analysis of financial reports – service providers in Seattle are mostly experts when it comes to managing financial reports for businesses. The simplest preparation processes to the complex financial report analyses are handled by accounting service providers. Whenever a request for information is ordered, they are automatically prepared, collated, and submitted for analysis and reports.

2. Management of Business Taxes and other responsibilities – the service providers are knowledgeable about how the sales department runs and how the taxes are used. The most important roles of these providers include preparation and filing of tax returns for local, state and federal level requirements. With this type of service, providers are also able to manage tasks for business licenses and other legal accountabilities. 

3. Management of Employees’ Payroll – the payroll tasks do not only involve fixing of employee wages. This part of the accounting service can also work with journal entries and taxes. A company’s liabilities to the third party administrator can also be managed in this type of accounting service.

4. Management and control of cash flow – this part of accounting services are responsible in constant monitoring of credit lines and loan balances of the business. If ever there are banking issues that need fixing, this can be handled by the service provider as well. Cash balance monitoring and bank issue resolutions are also included in the scope of responsibility of accounting services.

5. Inventory and ledger management – inventories would involve cash that comes in and out of the business. What the accounting service provider can do is maintain inventory ledger balances and adjust inventory data hen necessary. This responsibility does not only focus on paper and financial works. It also involves personal or physical management of inventories. 

6. Management of company assets – the responsibilities of the financial accounting service providers are not only enclosed I the four corners of the business. There are also responsible to keep track of the business’ financial stats compared to what is happening in the market. The company’s assets are reviewed and make sure that there is accurate information about depreciation and amortization for database and documentation purposes.

7. Journal entries and other accounting duties – financial journals are probably the most complex sheets that are related to financial accounting. The journals contain the details of the accounts, including all the payables, receivables,  and even payroll processing. The basic accounting tasks such as establishment of accounting policies and procedures and documents for approval is also handled by the providers.

Your business’ financial aspect is one that you need to take care of properly. It is somehow beneficial on your part if you get the most credible Financial accounting service in Seattle. Doing this will assure you that your assets and liabilities are all looked after carefully to secure your business in general.

JR Hudson of Account Services, Inc.

Seattle tech industry can learn from Seahawks: Be brash and you might win

Those of us who moved to Seattle from the East Coast (I’m from Maine originally) frequently remark that people who have lived in the Pacific Northwest for a long time tend to be understated about their opinions and emotions. 

There’s a reason that when the Seahawks won the Super Bowl, the hashtag #HowSeattleRiots was filled with images of huge crowds waiting patiently for the crosswalk signal to turn or letting cars pass before running back into the street to celebrate.

But Michael Schutzler, the newly appointed CEO  of the 
, thinks it's time for this state’s tech industry to learn how to sell itself.

“It starts with winning the Super Bowl, getting comfortable with some people being brash. Polite, but brash,” he said. “We have to all get a bit of Richard Sherman in us.”

After all, Schutzler said, this is where the PC industry was born. “We created desktop publishing, digital music, streaming online video, the cloud industry and now almost all the data hosting is moving to Quincy because of the cheap energy,” he said. “These are tremendous things.”

Tremendous things people outside this area rarely talk about.

In fact, when Amazon CEO Jeff Bezos bought the 
 last year,  many prominent news organizations incorrectly identified his company’s headquarters as Silicon Valley.

Schutzler is from the East Coast originally and lived in both New York City and Washington, D.C., for a while, so he’s not one to mince words. In fact,  he’s been vocal about the Seattle City Council’s decision to limit ride-sharing services such as Uber and Lyft.

Schutzler said that part of his vision for a new and improved WTIA is that the organization will help sell Washington to the rest of the country and the world as a place where innovation happens. “This is an incredible place to live, and it has been for the 150 years we’ve been around. We’re the pioneers. We create things here. We just don’t tell the story,” he said.

Washington’s political leaders should be selling the region as well, he said. “Part of our opportunity at the WTIA is not only to begin acting like a cheerleader for the industry,” Schutzler said, “but encourage, provoke or bully our political leaders to do the same thing.”

Washington state has about 10,000 tech companies, he said, and the vast majority of them have fewer than 100 employees. Yet, when regulations and laws that affect the industry end up at the statehouse, few people from the industry show up to offer insight.

Gov. Jay Inslee  recently signed a crowdfunding bill into law that could help small tech companies raise seed rounds, and Schutzler said that was the first time he was privy to the “political sausage-making.” A few tech companies went down to Olympia to help educate the politicians about what the law would mean for them. “We don’t do that very often, so when we do, the legislature is like, ‘Wow, thank you,’” he said.

That’s a stark contrast with other industries, particularly those with unions, such as teachers and 
 engineers. “They have placards, they’re all wearing the same T-shirts, with logos, message points,” Schutzler said.

He imagines the WTIA as a leader of tech industry “rabble rousers.” 

“It can’t just be 
. We need to rally those 10,000 companies,” he said. “If you’re going to have an impact on the legislative process, the bottom line is you have to show up.”

http://www.bizjournals.com/seattle/blog/techflash/2014/04/seattle-tech-industry-can-learn-from-seahawks-be.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+bizj_seattle+%28Seattle+-+Puget+Sound+Business+Journal%29&page=2