ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Accountants: Maximizing your Money & Minimizing Debt

Updated on June 11, 2011

What is an accountant, and how can they help one's finances?

An accountant is a guide to a company's finances, and even to people's individual finances should they want to utilize an accountant. There are many aspects of finances that can be a real headache for people that don't fully understand how to maximize their earnings and file taxes and plan monetarily for the future. Paying an accountant to take care of your finances and give advice can really be helpful long term by minimizing or preventing debt and helping to keep more of what you earn. Life can be so much more enjoyable and less stressful when you aren't worrying about your finances and possibly making some bad mistakes unknowingly.

An accountant can take and organize all the figures and turn them into meaningful information for you. This information can help make or break one's company or personal finances very often. Accountants can show the bottom line, give you a gauge of where you are at in life in regards to your financial situation. They can help dispense invaluable advice for upcoming decisions and possible investments.


What to look for

First of all you want a reputable and trustworthy accountant that has good credentials. Keep in mind you may pay more for this but it might be worth it in the long run. If you have questions about anything regarding finances, or how they have come up with the advice they are giving you, they should be more than willing to answer you. You want someone with a good track record for helping people, families or businesses with their financial situations. You want someone that will make good use of time, and can analyze data well, and that can help you make decisions.

An accountant will want to help come up with a good financial plan, and be happy to help you with your taxes. This can be especially helpful at year end.

In short, a good accountant can become a much trusted advisor in regards to your money. You want one that will really listen to you and your concerns. Over time, trust can grow and once that trust is there, it can go very far. A good accountant wants you to succeed because that means they are also successful. Hopefully it brings an accountant some great pleasure or satisfaction to be sharing their skills to help people and their families or businesses, besides just being a job.


The old fashioned way to enter financial information into books and ledgers.
The old fashioned way to enter financial information into books and ledgers.

Helping to implement Plans

Once you have come up with a plan or course to take with your finances, an accountant can help you know how to make it a reality. Some people might need help in implementing the recently made decisions. An accountant is perfect for this because hopefully they have come to learn all the aspects of a person's finances and goals. Sometimes, they even know more details of the family that have bearing on financial decisions. That said, if you don't feel comfortable for any reason, you don't have to divulge all information, and they likely will respect that. Look for a professional, that communicates clearly and that has been recommended by others.

As time goes by, and debt decreases and income increases, you can reevaluate things with your accountant. No matter what, you will likely learn a lot, have good communication and understanding of your finances, and become more financially successful. Ask around, and consider inquiring of the fees of an accountant before you rule the idea out. It may be one of the best decisions you ever made. It could be more than well worth the cost it takes to bring an accountant on board.

Have you ever hired a personal accountant?

See results

Comments

    0 of 8192 characters used
    Post Comment

    • oceansnsunsets profile imageAUTHOR

      Paula 

      7 years ago from The Midwest, USA

      Thank you, PhoenixV. :)

    • PhoenixV profile image

      PhoenixV 

      7 years ago from USA

      Great ideas and informative article.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)