We are small business owners too!

Share This Post

Share on facebook
Share on linkedin
Share on twitter
Share on email

Accountants and bookkeepers that run their own practices are small business owners too! As an accountant I provide a lot of business to business services that I also perform for my own business such as preparing my own tax returns, bookkeeping and payroll. I also need to budget and plan for expenditures during the year. I use Xero for my own accounting to help keep me on track and organized.

One cash flow strategy I like to use for my own business is trying to have suppliers being paid monthly instead of once per year if possible. As well, I have monthly bookkeeping clients that cover these expenses. Traditional accounting practices tend to bill for corporate tax returns and financial statements once per year. However, I allow for clients in this situation where their bill would be a large burden to pay me all at once the flexibility to pay monthly. This is a win-win situation for both myself and the client.

My situation is a little unique, working for family at Automaxx as their controller and also running an accounting practice. Like any other business I still want my business to be profitable. I do take a few more calculated risks when it comes to advertising and software expenditures since the practice is a side hustle and I want to see it grow. I was always told you need to spend money to make money. The goal of these risks is to create a brand that stands for providing a great client experience. The client experience is the ultimate differentiator between accountants. The differences lie in how I deliver my services to my clients.

More To Explore

It’s My Choice and I Love It!

At first I felt a little guilty about going on a vacation for a week in March, as that’s the start of my busy season.

It Pays to have an Open Mind

As most of you know, I am a huge fan of Xero as I use it for my own bookkeeping. If I am preparing the

Do You Want To Know More?

Book a call!

Do you want to keep your books in order?

we've created a FREE Bookkeeping Checklist just for you!


We believe in free consultations as it gives all parties a chance to see if there is compatibility. As well, it allows us to gain an understanding of your business before providing recommendations.

Want to know more? Book a call with us today!