Baton Rouge LA CPA | Safeguard Your Business with a Specialized CPA

When it comes to managing the financials of your business, you need an accounting professional that employs a high degree of attention to detail. That’s why hiring a certified public accountant (CPA) should be one of the first moves you make.

A CPA’s reach extends further than just balancing your financial statements at the end of each quarter. Instead, think of a CPA as more of an advisor. Their role is to guide you through the various pitfalls and obstacles that can encumber business owners. Overseeing point of sale transactions (POS), billing, cash flow, and accounts receivables/payables are just some of the routine tasks covered by a CPA. However, unlike a general accountant, a specialized CPA can advise you on industry-specific best practices.

Sound Financial Advice for Business Owners

Many business owners typically find it difficult to relinquish control over their office finances. However, a specialized CPA can provide additional insight that strengthens the overall financial health of your business, such as whether your staffing matches your production levels. They can guide you on timing when it comes to investing in new equipment and give you tips on what to do now to minimize tax payments later. Are you thinking of expanding your building or bringing in another investor? CPAs provide the extra set of eyes and financial advice you need when making important business decisions where your emotions might cloud your judgment.

Fraud Prevention

Unfortunately, fraud is also a common occurrence in business. Its source can originate both internally and externally. Losses from employee theft or insurance claim irregularities can quickly accumulate into thousands of dollars. If not caught in time, fraud can irreparably damage the business you’ve worked so hard to grow. An experienced, specialized CPA is well-aware of the common origins, red flags, and methods associated with such industry-specific fraud cases. Their keen understanding of how to implement fraud-deterrent policies and procedures will help protect your livelihood. Even when no fraud is suspected, it’s a good idea to conduct a risk assessment to gauge the likelihood that it could occur in the future.

A Smart Investment for Your Business

Running a profitable business goes far beyond crunching numbers on a spreadsheet. A specialized CPA will be able to listen to and communicate clearly with you and your staff when it comes to goals and best practices. Their intricate understanding of the variables that sway your business’s production comes into play on a daily basis.

Partnering with a CPA can undoubtedly guide you towards a successful and profitable future in your field. Contact Apple Guerin Company LLC today for a consultation.