Vaske Ohlgren Rasmussen & Associates FAQs

Accounting is as important to your business as your clients or the management of your employees. While it is not necessary for you to take an accounting course and be able to handle every single part of the accounting process, understanding the basics is an essential part of your ability to effectively run and oversee your business. When your hired accountant comes to you with concerns or reports, you need to be able to understand where they are coming from and how they affect your business in order to take appropriate action. The skilled accounting experts at Vaske Ohlgren Rasmussen & Associates can help you learn the basics of accounting so that you can better manage your business. For a supportive accounting service in Elk River, MN, call today. 

Yes, indeed! We will be happy to computerize your paper records using our QuickBooks software, as well as continue handling your future bookkeeping records if you so desire. If you need an accounting service in Elk River, MN to help consolidate your paper records, turn to Vaske Ohlgren Rasmussen & Associates. 

The costs of our services vary greatly based on the complexity of your needs, whether you are an individual or a large corporation, and many other factors. You should contact us and explain the nature of your accounting needs so that we can give you a better, more accurate estimate. For an accounting service in Elk River, MN that will meet your exact needs, turn to Vaske Ohlgren Rasmussen & Associates.

1. Keeping a budget is easy, but it requires dedication and attention to detail. Set yourself reminders and make sure you keep all your receipts for an accurate and effective budget.    

2. A certified bookkeeper is not an accountant. If you have your bookkeeper take care of your accounting for you, make sure he or she is also a certified accountant. If not, consider hiring someone who is, or an external accounting service in Elk River, MN such as Vaske Ohlgren Rasmussen & Associates.    

3. Realize how accounting fits into your daily business life. Simply put, every transaction you make in your business will result in an entry to your company books. This includes checks, deposits, sales invoices, purchase orders, and cash receipts. Individually, each of these transactions may be unimportant, but when you systematically organize them, you get a clear picture of your business. Keep up to date to make everything easier at the year's end.    

4. Accounting is not just a yardstick to figure out how much money you made last year or what your tax liability is. Used properly, accounting also helps you identify trends in sales and expenditures. The ability to track and identify trends allows you to make decisions that can quickly boost your profitability or enable you to avoid cash shortages. Be sure to take advantage of the information you have.