Interview Summary

Understand Key Numbers in Your Business
by Leveraging Technology

Business owners in healthcare, eCommerce, and technology often worry about maximizing their profits while minimizing risks. They are concerned with running their business more efficiently and find themselves frustrated. If this sounds like you, it’s time to get more information on your actual numbers for better decision-making in the future.

Vimal “Vic” Bava shares everything you need to know to grow your business and maximize profits. As the chief problem-solver at VB CPA, an advisory CPA firm specializing in technology advisory and accounting for businesses. Vic is a Certified QuickBooks Proadvisor, AICPA member, authorized IRS e-file provider, and MBE certified. They are agile, flexible, and quickly respond to their client’s business needs with a technology-focused approach.

Where to Start

To get a handle on your business and prepare for growth, you must have proper accounting systems, tax planning, internal documents, processes, and procedures to achieve efficiency.

Leverage modern technologies to build efficiencies

One technology is cloud computing which reduces turnaround time and catches mistakes. With cloud computing, you can access real-time data. For most businesses, the time has come to put technology into their accounting systems. 

Create a foundation of systems in your business

With systems, your business can become streamlined and productive, which leads to profitability. You can then direct your attention to more profitable and often enjoyable activities. Everything running smoothly and systems taking care of the flow lets you get back to creating new growth opportunities. 

Systems can be used to do everything in your business, from small tasks to large projects. If you already have systems that don’t seem to help your business, it may be time to identify the issues and find better processes. 

Get a second opinion/outside perspective.

It’s essential to have someone on the outside look at your processes to ensure that you are on the right track or if improvements can be made. Vic collaborates with clients to create the plans they need, set up their accounting systems, manage their tax panning, and systemize their documents. Then they work with them to document all of their processes and procedures to ensure disruptions don’t shut down their businesses. Anyone can step in and keep everything moving. 

Why Consider Outsourcing Your Accounting Operations?

There are so many reasons that it’s best to hand over accounting duties to the professionals. The first reason is that you get that valuable time back to your daily operations, finding new growth opportunities, and concentrating on your passion – it’s the reason you got into the business. You also save money and time when you don’t have to hire employees to manage your accounting. It’s also like having your own personal controller on your team, with someone to watch for fraud and implement protections to avoid it. 

You are a medical professional; that’s your expertise. Accounting firms know accounting; it’s VBCPA’s expertise. They know tax codes and laws and the right technology to employ. The team also has the experience to review your processes and numbers and offer valuable feedback to increase profits. 

Get Your Complimentary Consultation with the Team at VBA CPA

VB CPA is a cloud-based accounting, tax, and business consulting firm with clients around the country. The Arkansas-based advisory CPA firm specializes in QuickBooks® Online services for businesses in the healthcare industry, individual taxpayers, and also non-resident alien taxpayers. Their technology-focused approach makes them agile and flexible, allowing them to respond to tax and financial matters for clients quickly. They implement online portals and innovative software to get companies organized and flexible. 

When you partner with VBCPA, all of the tedious and time-consuming bookkeeping and accounting tasks are taken off your hand and managed by a team of experts. This includes tax planning and compliance services, ensuring accurate filing and reasonable tax bills for individuals and businesses. With VBCPA, you get transparent, flat-fee pricing reducing risks, removing uncertainty, and ensuring consistency when budgeting for your accounting and tax needs. 

The firm offers technology advisory assisting you in identifying the right technology and processes to help your business run smoothly. VBCPA is also a Certified Minority Business Enterprise. Check out their website for valuable resources and information in the Client Learning Center. Get your free initial consultation at www.vmbccpa.com.

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