Frequently Asked Questions

Below are answers to the questions we are asked the most

Accounting

Should I choose a monthly accountant or annual accounting service?

Realistically, monthly accounting services offer significant values compared to an annual service for most business models. An accountant can be in a better position to advise on financial matters when dealing monthly than seeing numbers just once a year.

Can I transition from an in-house accountant to an outsourced accounting team and how?

Absolutely! You can always switch from in-house to outsourced accounting team, but the transition can surely have its challenges but it’s not impossible. For more information on how to switch, you may contact us here (link).

I own a medium-sized business. Do you only work with small businesses?

We work with businesses of all shapes and sizes. We are an 12-year-old organization and our team is made up of some of the most highly skilled AA Accountants. We offer customized accounting solutions to our clients irrespective of the size of the business after thoroughly learning all about their numbers and data.

How many people will be handling my account/financial reports?

Depending on what service you opt for, you will be assigned a seasoned accounting/tax expert or a financial advisor. Ideally, only one expert is assigned to a single client however, this may be adjusted depending on the client’s requirements.

Are CPAs and AA Accountants the same?

CPA stands for Certified Public Accountant, an accounting professional who is licensed to provide accounting services to businesses and individuals. AA Accountants on the other hand are slightly different than CPAs. An AA Accountant is qualified and broadly trained to provide accounting services as well as accounting advisory. An AA accountant’s advisory expertise can extend to advice regarding administration, finances, business economics, and more.

Advisory

I'm bad with numbers. Do I need to handle any bookkeeping?

That’s one of the biggest concerns our clients usually have, given their busy schedules. No, you will not need to handle any bookkeeping. We’ll of course need the data from you and the rest will be our job. As advisors, that’s our main goal: to take the burden off you and take care of the numbers for you.

Why should I choose a single accounting and advisory service team?

A single accounting and advisory service bring a certain level of trust and confidence into the mix. Of course, you get to decide, but there are myriads of benefits of dealing with a single advisory service than with multiple, wherein you’ll be required to keep tabs on each of them. And not forget the paperwork that you’ll need to worry about.

What is financial advisory?

A financial advisor has many roles who offer tailor-made advice and solutions to all your financial challenges. Whether it’s a question of annual revenue, payroll, cost-cutting, or planning, an expert advisor can be a life-safer and can help avoid huge financial mistakes.

Why should I hire an advisory team?

Having a financial advisor by your side is not necessary but it can make a world of difference when you have one. Most businesses that fail in the early stages are the ones that are not offered any expert advice on how and where to invest the money or what to do with the profits. Many startups find it challenging to even calculate the profits that they make. That’s why every business needs advisory so that there are minimum risks, and so that business owners know exactly what’s going on and have complete control of the finances.