Once any business that you might have started begins to get really prominent in the industry it starts to become impossible for you to start looking into things from a financial perspective on your own. In spite of the fact that this is the case, you still need to know how much money is going in or out of your enterprise at any particular moment, and it is important to note that since the amount of cash is too high for you to count yourself you might want to hire a CPA to handle things for you.
The thing about CPAs is that they only need to be hired from a company like Odoni Partners about once a year or so. Your internal accounting department can keep things running during normal times, and you can call in the specialists for an annual audit and the like that would really improve things a lot more than your regular accountants would be able to manage. This isn’t just something that would benefit you from a financial standpoint either. Rather, it would turn into a source of prestige for you, something that you can use to bolster your reputation in the business community.
An audit is essential because you never know what you might have missed during the regular financial year. It is also possible that your accountants are not being honest with you which means that you would need an outside party looking in just to make sure that nothing untoward is occurring at all. The best CPAs will be able to see an accounting error from a mile away, and this is just the kind of skill that you need on your side.