3 Reasons Why Your Small Business Needs An Accountant

Picture of Dimitri Gedevanishvili

Dimitri Gedevanishvili

Marketing Manager
why you need an accountant bookkeeper save money

Starting and running a small business can be a daunting task. Coming up with a business plan, finding a location, registering correctly, and, perhaps most importantly, managing funding, are all massive hurdles to cross.

However, despite the relief that comes when your business is up and running (and hopefully profitable!), it’s important to make every effort to continue to maximize every dollar and cent as your business grows. One of the best ways to save money and help your business grow is to hire a Certified Public Accountant (or CPA). Here are three reasons why.

1. Simply Put – They’re An Expert.

There’s a lot of pride to be had in starting a small business. The amount of work it takes, coupled with the immense risk, and the result of producing a success that creates jobs and provides people with a service is nothing short of an incredible feat.

Related: Automated Bookkeeping Explained

It certainly takes a special type of person to do that – someone with ambition and clearly definable smarts in a number of areas. With that said, the biggest fault of a successful small business owner might be their belief that, because of the immense amount of solo work they put into their venture, they can do it all.

While it’s true that such a task requires a lot of broad know-how, there’s no shame in admitting there are places where you may not have the right amount of expertise to succeed. Managing your business’ books is likely one such place.

Hiring an accountant, or, depending on your needs, a bookkeeper, doesn’t have to be difficult. That’s why TripLog partnered with 1-800Accountant to bring you an affordable way to get an accountant or bookkeeper onto your team.

2. Their Whole Job Is To Save You Money

Without question, hiring employees or consultants is a cost-benefit issue. However, depending on the size of your small business, managing your finances might just not be something you have the time to do accurately. Thus, there’s a good chance that your business will lose money in the long run via inaccurate expense management.

Related: The Top 3 Web Tools Accountants Need to Use

Having a bookkeeper or accountant is a powerful (and simple) way to get a handle on your financial situation. It’s important for any business to know where its money is coming from and how it’s being spent, but small businesses need to spend or save virtually every penny brought in.

An accountant will help you maximize your tax deductions, manage your budgets, and ensure that your business stays compliant to local regulations. Their arsenals are full of money-saving and cost-cutting tips and techniques, designed specifically to save you money.

In order for your business to grow, you will need a clear and direct view of your business’s finances. Making well-informed financial decisions is critical to the continued success of a small business.

3. A Small Business Accountant Can Help You Avoid Audits

One of the most crippling things that can happen to a small business is a costly audit. While you’re unlikely to purposefully commit tax fraud (we hope!), inaccurate bookkeeping can result in an audit by the IRS (or your government’s own revenue agency).

Related: 3 Ways SMBs Can Save Money (And 3 Ways They Lose Money)

As a small business, you likely don’t have scores of cash stored away to help repay taxes from an inaccurate report, so it’s important to get your taxes done correctly the first time. Hiring an accountant or bookkeeper that you can trust can give you and your team the peace of mind you deserve as you work to grow your business.

What Else Can A Small Business Do To Save Money?

In addition to hiring an accountant, there are plenty of robust and affordable tools and apps you can use. For instance, TripLog Expense gives your team the ability to submit, review, and approve expense reports with the TripLog mobile app.

You can keep an organized record of your business transactions and generate detailed expense reports to help make sound decisions that will affect your business. You can also manage mileage reimbursements and provide your team with company mileage tracking options.

Download our mileage tracker app on iOS or Android, or schedule a free demo today to see what else TripLog can offer your business. You can also try our mileage reimbursement savings calculator to see how much more you could be earning!

Like what you read?

Show that you found the article interesting by liking and sharing.


Ditch manual mileage and expense reports and save thousands with TripLog!

triplog logo

Switch to The #1 Mileage Tracking & Reimbursement Solution

(4.8 rating score)



© 2011 – 2024 Copyright TripLog, Inc. All Rights Reserved.

Let's chat!

Number of anticipated TripLog users:

Mileage Reimbursement Savings Calculator

Using outdated manual mileage logs can cost businesses thousands of dollars per year in lost time and incorrect reimbursements. See how much TripLog can help you save!

Number of drivers

Average miles daily per person​

Number of trips daily


Annual mileage reimbursement costs based on the numbers you provided.

Annual Mileage Reimbursement

50 mi/day x 100 drivers x $0.54 (5 days x 50 wks)


This is the inline help tip! You can explain to your users what this section of your web app is about.

According to research, on average employees inflate the mileage by 25% when self reported.

Estimated Reimbursement Savings

25% x Annual Mileage Reimbursement


People on average spend 2 minutes on manually recording trips.

Manual Entry Hours

2 mins x 10 trips/day x 100 drivers (5 days x 50 wks)

8,334 hr

Taking national average $25 hourly rate.

Estimated Labor Savings

Avg. $25/hr x Manual Entry Hours


Your Company

could save

(Labor Savings + Reimbursement Savings) / Number of Drivers


per driver

Before you go, schedule a
complimentary demo

See how TripLog works, ask questions, and explore your potential savings!

Get TripLog

Start automatically tracking your mileage today to never miss another deductible mile. Try the #1 mileage tracker for free!


(4.8 out of 5)

15 Day Free Trial

Schedule a call with a TripLog agent in as little as 15 minutes!

In your introductory meeting with one of our mileage experts, you will:

  • Get a demo of the TripLog admin dashboard.
  • Have the opportunity to ask questions.
  • Learn more about how TripLog can benefit your team.
  • Get insight into which pricing plan will best suit your team’s needs.