BOOKKEEPING SERVICES Small Business Plan Assignment

BOOKKEEPING SERVICES Small Business Plan - Assignment Example The small businesses usually appoint accounting firms for maintaining financial transactions of their business operations effectively and in a cost effective manner. Table of Contents Executive Summary 2 History 4 Description of the Business (Bookkeeping Services) 4 Definition of the Market 5 Description of Product or Services 6 Management Structure 7 Objectives and Goals 7 Financial Data 8 References 9 History ‘Accuracy’ is a small and one-person owned business which operates under a ‘Certified Public Accountant’ (CPA) in Los Angeles, United States of America (U.S.A). The firm usually offers tax accounting as well as management accounting services for small business firms. The firm in its initial stage of the commencement of its business generally rendered tax services to small business firms. Later on, the business offered management and cost accounting services as well. Additionally, the business also started offering QuickBook services on acquiring Quick Books Pro Advisor certification. These are the various services which are offered by the firm to small business firms. ... The CPA has planned to expand the business operations of the firm dealing with its bookkeeping services for small businesses. In this regard, investment is required to be made in marketing and staffing process in order to develop the bookkeeping business in an appropriate manner. The business plan has been formulated with the intention of identifying and implementing appropriate strategies required for the expansion of the firm’s business. Description of the Business (Bookkeeping Services) The expanded business of the firm will offer bookkeeping services for small businesses. Bookkeeping is an approach of recording financial transactions of business operations on a daily basis. Small businesses with bookkeeping services will be able to maintain their daily business transactions in an accurate, comprehensive as well as up-to- date fashion (E-conomic UK, 2013). In this respect, bookkeeping services that will be offered by the firm to its clientele will ensure that their financia l transactions are managed accurately and in the most efficient manner. The firm will offer bookkeeping services to small businesses under the supervision of the CPA. The bookkeeping services will be offered at an affordable rate to its clientele. Employees or staff will be hired which will entail undergraduate students to act as bookkeeper. Additionally, a graduate student will be appointed who will be entrusted with the task of managing the activities or operations of the bookkeeping segments. Definition of the Market The firm operates in the market segments of the US where there is a huge demand for bookkeeping service providers as large number of small businesses are significantly involved in appointing accounting and bookkeeping firms with the objective of saving time as