Fyrewall Backoffice Solution

Meet, Emiley Stewart Director and Co-Founder of Fyrewall Backoffice Solutions, a premier provider of bookkeeping and accounting services for small and medium-sized businesses. She is a highly skilled accountant and bookkeeper, with a passion for helping small businesses streamline their financial operations.

With over a decade of experience in the finance industry, Emiley has developed a keen eye for detail and an ability to analyze financial data with precision. Her expertise lies in creating and implementing financial strategies that optimize business performance, minimize risk, and maximize profits.

Q & A with Emiley Stewart; Director & Co-Founder of Fyrewall Backoffice SOlutions

Q: What makes you different?

Fyrewall Backoffice Solutions is founded and managed by entrepreneurs who are involved in other business ventures. As entrepreneurs ourselves, we acutely understand the challenges that come with running a successful company.

That’s why we have developed tried, tested, and proven methodologies and processes that streamline your business operations, increase efficiency, and ultimately boost your bottom line.

Q: What has been the biggest challenge you have faced starting your own company?

The biggest challenge facing a business like ours is articulating the value of outsourcing these services and showing the return on investment to entrepreneurs saving them time and money, thus creating their freedom.

Q: As an accountant, what is one piece of advice you can give to founders, and business owners that will help them with their accounting needs? As an accountant, my top piece of advice for founders and business owners is to stay organized and keep accurate records from the very beginning. This means establishing the proper and effective systems that are applicable to your business for tracking all financial transactions, including income, expenses, and receipts. We subscribe to this simple adage –“You cannot manage what is not measured.” By maintaining detailed and up-to-date records, you can ensure that your financial information is accurate and complete, which is essential for making informed business decisions and preparing accurate tax returns. Additionally, organized records can help you identify areas where you can cut costs, improve cash flow, and increase profitability. Finally,

keeping good records can help you avoid costly mistakes, such as missed payments, late fees, or tax penalties. In short, staying organized and keeping accurate records is the foundation of good financial management, and can help you stay on top of your accounting needs and achieve long-term business success.

Q: A lot of founders and business owners don’t want an accountant except for at tax time, why is it important to have one all year?

Business owners should consider having an outsourced accountant and/or bookkeeper throughout the year, rather than just during tax season, for several reasons. First, having a dedicated accounting team can help you maintain accurate and up-to-date financial records throughout the year, ensuring that you always have a clear understanding of your company's financial position. This can be especially valuable when making strategic business decisions or seeking funding, investment, or lines of credit.

Second, outsourcing your accounting needs can help you save time and resources that would otherwise be spent managing your own financial records or hiring and training an inhouse accounting staff. This can allow you to focus on growing your business, rather than getting bogged down in administrative tasks.

Third, a professional accounting team can provide valuable insights and advice on financial management and tax planning, helping you minimize tax liabilities and maximize profitability. By working with an outsourced accountant and bookkeeper yearround, you can take advantage of this expertise to make informed financial decisions and stay ahead of the curve.

In short, outsourcing your accounting needs year-round can help you maintain accurate financial records, save time and resources, and gain access to valuable financial insights and advice, making it a wise investment for business owners looking to achieve long-term success.