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How to Turn a Shortage of Accountants Into an Opportunity for Businesses

CPA Practice

The alarm bells in accounting have been ringing for years: fewer people want to join – or stay – in the profession. The American Institute of Certified Public Accountants (AICPA) said in its “2023 Trends” report that the percentage of accounting graduates fell 7.8% expect to leave the profession in the next 12 months.

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Accounting for Startups

inDinero Accounting

Accountants’ specialized knowledge can support your startup business in many ways. With a controller generating your financial statements and reports, the accountant can focus their efforts on making sure you have clean books. In some businesses, the bookkeeper sometimes also acts as an accountant.

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Accounting for Startups

inDinero Accounting

If your startup is relying on the person who’s best at numbers for your accounting, you can be setting yourself up for failure like: Misinterpreting cash flows. Becoming a certified public accountant (CPA) takes years of higher education (150 credit hours) and success in an exam as well as continuing education requirements.