I work for a small business, the business brings in about half a million dollars a year.
I am an Operations Manager. The company used to be part of a larger one. When we were part of a larger one I assisted the finance department. I would gather receipts that my department had and made a version of a trial balance in Excel.
When we split on our own my boss wanted me to take over all of the accounting/book keeping process. I've had no training/classes/experience in accounting/book keeping/HR-payroll etc.. But he doesn't seem to think we need an accountant and believes a small business doesn't need anyone else but me because software such as quickbooks allows anyone to do the bookkeeping for a company. Because I've had no training I'm feeling some frustrations.
My question is for a small business making half a million dollars a year what should the company have? (me and a CPA or Accountant etc.?) If I stayed doing the bookkeeping how much interaction would I get with an account if we hired one?
please help.
Thanks.
I didn't get the right answer from the internet. References: https://www.smallbusinessforums.org/showthread.php?16967-Small-Business-Hiring-a-CPA Professional 2d video cost
