Accountants Can Be Small Business Heroes

by | Jun 27, 2018

Client Spotlight: Danielle Suchala Klausing

It’s always an exciting time when you’re ready to take the next step in life and buy a home. But finding that perfect home can be a challenge, especially if you’re not familiar with the real estate industry. That’s where Danielle comes in. With over 7 years of...

Who is responsible for payroll?

One of the most expensive resources for any business is payroll. It’s also one of the most important. We are firm believers that people are your most valuable asset, so it’s no wonder that payroll gets costly. Especially if you are a professional services company, and...

Let’s just Write it off! 

Ahhh the joys of being a business owner. You get to set your own schedule, be in complete control of your success and of course, deduct your business expenses.   Just like all of those statements, there are some pros, cons and a lot of misconceptions that go...

How to beat tax stress

It's March and that means two things:   Tax season is in full swing.   Chicago winter is about halfway over.   There isn‘t much a financial consultant can do when it comes to the weather, but when it comes to making your tax season less...

Meet the team: Eileen Manaloto, Sr. Accountant

Despite a job market full of unique challenges, My Small Business Pro was incredibly fortunate to bring on a new team member last year, Eileen Manaloto. Like many small businesses, we got creative in finding the right resource to support our amazing clients and fit...

Back to the Financial Future! 

A new year is upon us! While there’s a tendency to charge into 2022 with new hopes, plans and goals; but you need to pump the brakes. One of the most prudent things you can do is slow down and take some time to do a serious review of your past. Last year is full of...

Accounting professionals don’t usually get hailed as heroes. They’re especially overlooked in movies and TV shows—the stars of those heroic tales tend to be cops, doctors, lawyers and the super kind of heroes that don tights and masks.

In the real world, though, accounting professionals do heroic things for small businesses and other clients all the time. Not to toot my own horn, but I’ve saved the day for customers on more than one occasion. For instance, I’ve had two separate clients who were unnecessarily losing thousands of dollars on shipping and delivery costs each year. We were able to detect the problem during monthly and quarterly reviews of the financial statements, and rectify the situation so that each client could come about ahead on shipping. Then there’s the small business owner whose “partner” turned to be a bad guy. My financial sleuthing (tracking cash receipts that never got deposited) uncovered the fact that the partner was yanking cash from the drawer. I’m inspired every day by my grandmother—who did manual bookkeeping for a steel company and her final working days, a technology company.  I remember going in to work with her when no one else was in the office…and the time that she helped me file my tax return!

It turns out, while heroic movies and shows are dominated by men and women in police uniforms, doctor’s scrubs and capes, Hollywood has given us a handful of flicks in which accounting professionals get their due. Here’s a few—if you can think of any others, let me know.

Oscar Wallace in The Untouchables

Accountants love this movie, because it’s the flick that famously reminded the world big bad Chicago gangster Al Capone wasn’t taken down by crime-fighting cops or a rival’s machine gun, but accounting professionals. The guy leading the effort to take Capone down with tax-evasion charges is the unassuming, bespectacled federal accountant Oscar Wallace, played by Charles Martin Smith. G-man Elliot Ness was just Wallace’s second fiddle.

Andy Dufresne in The Shawshank Redemption

If you stop channel surfing to watch this movie when you discover it’s on for the umpteenth time, you wouldn’t be alone. People get a kick out of how Tim Robbins’s clever accounting work sticks it to the unscrupulous warden that’s been lording over all the inmates at the penitentiary. Sure, it’s his creative number-crunching abilities that help the warden rake it in in the first place. However, Dufresne employs his skills to turn the tables on the warden and take his tax-cheating butt down. He also sails off into the sunset with the dough!

Loretta Castorini in Moonstruck

Cher as Loretta Castorini in MOONSTRUCK

Played artfully by Cher, this widow is surrounded by family in their Brooklyn Heights neighborhood, but she’s struggling to find love. While she seeks romance, she spends her days keeping the local economy afloat by handling the financial accounts for a number of small businesses in the area, including her aunt’s Italian grocery store.

Jonathan Mardukas in Midnight Run

Known as “The Duke,” this wily accountant, hilariously played by Charles Grodin, holds the books (and tons of secrets) that stand to take down a murderous mafioso. A bounty hunter (played by Robert DeNiro) is charged with keeping the accountant alive long enough to hand over the books to the feds and testify against his former boss.

Itzhak Stern in Schindler’s List

Oscar Schindler (played by Liam Neeson) is the hero named in the title of the film, but it’s this dogged accountant (portrayed by Ben Kingsley) who deserves a shout-out. After a lifetime spent obsessively keeping track of accounts for his various small-business clients in pre-World War II Germany, Stern connects with Schindler, who’s furiously working to set up a “business” that’s actually funneling Jews away from camps and into his factory. It’s Stern’s knack for poring over ledgers and connecting numbers to info that makes it all possible.

While some of these stories do sound truly heroic, they’re more about paying close attention to an important function of any business. It’s more than likely your small business could use an accounting hero—contact me at Daliah@MySmallBusinessPro.com and let’s talk about the possibilities.

Client Spotlight: Danielle Suchala Klausing

It’s always an exciting time when you’re ready to take the next step in life and buy a home. But finding that perfect home can be a challenge, especially if you’re not familiar with the real estate industry. That’s where Danielle comes in. With over 7 years of...

Who is responsible for payroll?

One of the most expensive resources for any business is payroll. It’s also one of the most important. We are firm believers that people are your most valuable asset, so it’s no wonder that payroll gets costly. Especially if you are a professional services company, and...

Let’s just Write it off! 

Ahhh the joys of being a business owner. You get to set your own schedule, be in complete control of your success and of course, deduct your business expenses.   Just like all of those statements, there are some pros, cons and a lot of misconceptions that go...

How to beat tax stress

It's March and that means two things:   Tax season is in full swing.   Chicago winter is about halfway over.   There isn‘t much a financial consultant can do when it comes to the weather, but when it comes to making your tax season less...

Meet the team: Eileen Manaloto, Sr. Accountant

Despite a job market full of unique challenges, My Small Business Pro was incredibly fortunate to bring on a new team member last year, Eileen Manaloto. Like many small businesses, we got creative in finding the right resource to support our amazing clients and fit...

Back to the Financial Future! 

A new year is upon us! While there’s a tendency to charge into 2022 with new hopes, plans and goals; but you need to pump the brakes. One of the most prudent things you can do is slow down and take some time to do a serious review of your past. Last year is full of...

What solution can Fritz Financial find for you?

Schedule a meeting with Daliah Fritz