When to Hire an Accountant: Signs Your Business Needs Pro Support

Oct 30, 2024

Running a business is a wild ride—full of big dreams, long nights, and, let’s be honest, a never-ending stream of financial decisions. At Holdings, we know firsthand how juggling bookkeeping, accounting, and cash flow can eat up your time, energy, and even your confidence. If you’re starting to feel like your spreadsheet is running your life, it might be time to bring in a pro. Here’s how to know when it’s time to hire an accountant, and how Holdings can help you keep more of what you earn, every step of the way.

Why Your Business Needs Financial Support That Grows With You

When you first open your business bank account, handling your own bookkeeping and accounting might feel doable. Maybe you’re tracking expenses in a spreadsheet, using accounting software like Xero or FreshBooks, and filing your tax return with a little help from Google. But as your business grows, so does the complexity—think payroll, accounts receivable, inventory, and regulatory compliance. Suddenly, your cash flow statement is more confusing than your project management dashboard.

Here’s the thing: every hour you spend wrangling financial transactions or hunting for tax deductions is an hour you’re not serving customers, closing sales, or building your brand. That’s where Holdings steps in—combining zero-fee banking†, high-yield APY‡, and integrated accounting services so you can focus on what matters most: your business.

Signs It’s Time to Bring In an Accountant

1. Your Finances Are Getting Complicated

If you’re managing payroll tax, multiple revenue streams, or tracking cost of goods sold, your business has outgrown DIY accounting. A certified public accountant (CPA) can help you organize your chart of accounts, automate expense management, and keep your financial statements audit-ready2.

2. Tax Season Is Stressful (or Costly)

Missing a tax deduction or getting hit with a penalty from the Internal Revenue Service (IRS) stings. An accountant can help you with tax planning, ensure tax compliance, and handle everything from sales tax to corporate tax filings—saving you money and headaches.

3. You’re Planning for Growth or Funding

Thinking about applying for a business loan, seeking investment, or expanding your team? Accountants and financial consultants can help you forecast cash flow, prepare your income statement and balance sheet, and present your business in the best light for lenders or venture capital partners.

4. You Want to Save Time and Reduce Risk

Outsourcing your accounting and bookkeeping to a professional accountant means you can automate payroll, streamline invoice processing, and reduce the risk of fraud or regulatory missteps. This lets you focus on project management, marketing, and growing your income.

What a Good Accountant Can Do for Your Business

A great accountant is more than just a tax preparer—they’re your financial support system. Here’s what they can help with:

Set up and manage your bookkeeping and accounting software
Prepare and file taxes accurately and on time
Advise on business structure (sole proprietorship, partnership, etc.) and tax strategy
Help with budgeting, cash flow forecasting, and financial planning
Ensure compliance with changing tax law and regulations
Support you during an audit or internal audit
Guide you on payroll, insurance, and risk management
Provide insights on return on investment, gross margin, and profit margin
Help you manage inventory, accounts payable, and accounts receivable
Keep your financial statements (income statement, balance sheet, cash flow statement) up to date

When You Might Not Need an Accountant (Yet)

If you’re just starting out, have only a handful of transactions, or feel confident managing your own ledger and receipts, you might be able to handle things solo for a while. But as soon as your business starts to scale, or you want to make bigger moves—like applying for a business credit card, seeking a business loan, or hiring employees—bringing in an accountant is one of the smartest investments you can make.

How Holdings Makes Accounting and Bookkeeping Effortless

At Holdings, we believe small business accounting shouldn’t be a headache. Our platform brings your bank account, accounting, and bookkeeping together—all in one place. Here’s how we flip the script:

Zero Fees, Real Rewards: No hidden fees, no nickel-and-diming. Just a flat rate for integrated accounting, and a high APY‡ on all eligible balances.
Automated Expense Management: Snap a receipt, categorize an expense, and let our software do the heavy lifting.
Proactive Financial Support: Get tailored loan offers and cash flow insights based on your real business data—not just your credit score.
Payroll and Payments, Simplified: Run payroll, pay vendors, and accept payments (ACH, wire, debit card, point of sale) with ease.
Financial Statements at Your Fingertips: Instantly generate income statements, balance sheets, and cash flow statements—no more spreadsheet gymnastics.
Expert Bookkeeping: Need more hands-on help? Our certified bookkeeping team can handle everything from daily transactions to tax preparation, starting at just $100/month.
Seamless Onboarding: Get started in minutes, with friendly support from real humans who understand your business.

Ready to make your next smart hire? Open a Holdings account today and discover how easy it is to unify your finances, boost your profit, and get back to what you love.

Real Business Owners, Real Results

“The interest from my Holdings account pays for my office lease.” — Fabian Friedrich, Rental Property Owner

“We LOVE the feature that sends us an email when the transaction has gone through. It gives me peace of mind to know that it has been done right. We don't get that email as fast with other services we use.” — Diana A., Nonprofit Co-Executive Director

“Excellent customer service. Holdings puts its customers first and is willing to take the time to help.” — Keith W., Business Owner

How to Choose the Right Accountant for Your Business

Not sure if you need a full-time CFO, a part-time CPA, or just some extra help with tax filing? Check out our guide on how to choose the perfect outsourced accountant. Look for:

Experience with your industry and business size
Certification (CPA, member of the American Institute of Certified Public Accountants)
Knowledge of accounting software (like Xero, FreshBooks, or Intuit QuickBooks)
Clear pricing—no surprise fees
A focus on proactive advice, not just compliance

The Holdings Advantage: More Than Just a Bank

Holdings isn’t just another small business bank. We’re your all-in-one financial hub—combining banking, accounting, and bookkeeping so you can see your cash flow, spot funding gaps, and get proactive, tailored financial support. Here’s what sets us apart:

Zero-Fee Banking†: No account fees, no transaction fees, no monthly maintenance fees.
High-Yield APY‡: Earn a flat 2% (or more) on all eligible balances—no hoops, no minimums.
Integrated Accounting: Sync your accounts, automate reporting, and never chase down missing data again.
Expert Bookkeeping: Real humans, real expertise, real peace of mind.
Business Loans and Credit: Apply, track, and manage funding right from your dashboard.
Security and Compliance: Up to $3M FDIC insurance, advanced fraud detection, and regulatory compliance built in.
Seamless Payments: Accept and send payments via ACH, wire, Zelle, debit card, or credit card—with no extra fees.
Payroll and HR Tools: Run payroll, manage direct deposit, and keep your team happy and paid.
Mobile and Web Accessibility: Manage everything from your phone, tablet, or computer—anytime, anywhere.
No Hidden Fees: Transparent pricing, always.

Internal Resources for SMB Owners

Ready to Flip the Script on Business Finances?

If you’re tired of low interest, hidden fees, disconnected tools, and the hassle of chasing loans, it’s time to try the Holdings way. We’re not just your bank—we’re your dedicated financial partner, here to help you grow, save, and get the funding you need. Get started with Holdings today and see how easy small business accounting, expense management, and financial support can be.