Choosing the right accountant for your firm is like choosing the right business partner. The right accountant becomes a trusted colleague you can depend on, one who offers you the right advice at the right time and the right guidance as your business grows. In this article, we look at some of the key points you need to keep in mind when choosing the right accountant for your business.
Once you have decided to hire an accountant, the next step is to choose which accountant to hire. It is an important decision and you will have to consider factors like location, division of workload and type of accounting software being used. You have to consider how much you will pay the accountant and whether they can help reduce your taxes. It is in your company’s best interests to have an experienced, capable person handling one of the most important areas of your business – your finances. The right person will save you time and money year after year.
Location It is very important to know if the accountant is nearby and available to meet you and discuss potential risks and advice possible solutions you and your business maybe facing. Today, most companies are collaborating online with cloud based technologies to manage their business. This means that location of the accountant is becoming a lesser concern. With easy access from anywhere, you and your accountant can view identical real – time data at the same time without any complications. However, if you require accountants you can meet face to face, it is always better to go with one in your locality.
Certified Accountants in many countries, accountants are regulated by professional bodies which look after accounting qualifications and try to maintain high professional standards. Depending on the country you are in, professional accountants maybe classified as Certified Professional Accountants (CPA) or Chartered Accountants (CA). Of course, for tasks like transactional accounting, you can opt for accountants who aren’t certified, chartered or registered, but it might end up as an unwise business move in the long run. Tasks such as bookkeeping, invoicing or general financial management may not require the guidance of a certified accountant; however, if you are opting for a business loan or you are being audited, you will need the support of a chartered accountant.
Relevant Expertise When you choose for an accountant, look for relevant expertise in the field of operations. Some accountants are more focused on financial management while others are experts in auditing and system controls. If your company uses cloud based software for most of its business, it is wise to go with someone who is technology savvy. If you are looking for invoicing and bookkeeping support, choosing a company like Micro Dynamics Group is the best way to move forward.
Take Support Small to medium enterprises is the Government’s lifeblood and if you are looking for solid advice, talk to different networks of business advisors and counselors to choosing the right accountant for your business. Make use of several voluntary organizations as majority of the times, these advices come free.