When you’re running a business, big or small, you know that every dollar counts. You can’t afford to lose anything, or even make any mistake in your financial records. This is why you need to have the right professional on your team – an accountant. This is the professional who know the ins and outs of accounting, so you’re guaranteed that your monthly records are accurate, making it easier for your team to make sound financial projections.
So, how do you find an accountant? How do you know which ones are good, or the best? This article gives you a run-down.
1. Ask Around
You can do no wrong with asking around for the opinion of others. You can ask around from friends, family members, and even those others that are also in business. Word-of-mouth is very reliable as people close to you won’t ever recommend anyone that they don’t even trust.
Asking from those that have previously hired accountancy firms can give you the best and most honest insights based on their personal experience.
2. Browse Through the Services Offered
Once you’ve got a list of recommended accountants, this is now a good time for you to call them and ask about the services that they offer. Different accountants have their respective areas of specialization, so it’s up to you to choose one that you know can meet the services that you’re looking for.
As you ask about the services the accountant offers, it’s also a good idea to ask about their licenses. A good accountant will have all their licenses in order, and they’ll have completed courses on basic areas like the following:
- Financial planning
- Corporate law
3. Get a Feel for the Accountant’s Personality
Beyond just the academic qualifications of the accountant you’re looking to hire, you must also get a feel of their personality. When you meet them, are they pleasant to deal with? Is their style of handling professional and business matters compatible with yours? Are they patient enough to answer all of your questions?
You can tell a lot about a person, through the first impression that they give off to you. Hence, you have to trust your judgment if there’s anything about the accountant that seems a little off to you. Remember that this is a person with whom you need to establish a good working relationship with for many years, as your business operates – hence the need for you to ensure also that a workable relationship is something you both can achieve together.
4. Choose One with Attention to Detail
Good accountants should pay very close attention to detail. Sound and accurate financial statements are always those that have everything laid out to the very last point. If your chosen accountant doesn’t pay close attention to detail, the danger with this is they might skip very important details that might adversely affect your financial statements.
With financial statements, every centavo or penny counts. Any mistake in the calculation will be carried over to other succeeding financial statements.
For example, if your income statement is wrong, when this is carried over to your cash flow statement and statement of assets and liabilities, these wouldn’t be balanced. It can be cumbersome, and sometimes even difficult, to go back to the beginning and review every single transaction to correct the mistake.
A good accountant is one that can balance out speed in doing the job, and ensuring that every single part is true and accurate.
5. Ask About the Fees
Don’t be afraid to ask about the fees upfront. This should also be a determining factor when you try to narrow down all your options of accountants you now deem to be experts and that you can trust, for sure.
Remember that quality shouldn’t always be equated to a hefty fee. The key here is for you to balance out the amount they’re asking for with the quality and options of services that they provide. Factor in also their qualifications, and even the number of years they’ve been in the profession.
Among all other tasks that a business must have, one of the most compelling has to do with keeping a record of all the financial transactions that are in it. But, the truth is that most business owners don’t really have stable accounting background, for them to perform all of the accounting tasks by themselves. More so, with a matter as important as your financial records, it’s always best to leave it in the hands of the experts. If you’ve long wanted to hire an accountant but didn’t know where and how to begin, the tips enumerated can give you that positive boost.