Fairfield County Business Journal The benefits of accounting on a part-time basis
The benefits of accounting on a part-time basis
Area accounting professionals are seeing small businesses moving toward streamlining their operations and are finding ways to supplement time and money as the economic slump goes into extra innings.
“My favorite clients are as small as they get,” said Laima Abbas, owner of Oak Street Bookkeeping in Norwalk. “Many of my clients are one- to two-people companies that used to do everything by themselves, but now they’re branching out and they need to do more sales, more networking themselves and they need someone to take over the nitty-gritty, day-to-day money upkeep.”
Abbas founded Oak Street Bookkeeping almost two years ago and has been watching as her clients have increasingly sought out her freelance-styled business with the No. 1 word being change.
According to Abbas, there has been direct correlation between the slumping economy and the need for bookkeeping activities to be supplemented because business owner’s time is being taken up by networking and working.
Howard Klein, managing partner of Eisman, Zucker, Klein and Ruttenburg Accounting and Consulting in White Plains, N.Y., said he has seen a trend of smaller companies cutting back on fulltime accounting services in favor of part time.
“If they have a firm doing the work they might be asking their accounting firm to cut back on their hours,” said Klein. “I argue though that clients need us more when they’re not doing well, to figure out what’s going wrong, than when they’re doing well. But the easiest thing is just cut back on the amount of hours.”
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