SIX TIPS ON CHOOSING THE RIGHT ACCOUNTANT FOR YOUR SMALL BUSINESS
May 7, 2015
Choosing the right accountant is one of the most important things that a small business can make. A good accountant will not only save your time but will also make your small business to grow. However, choosing the right accountant has become a nightmare to many people who are seeking their service. With thousands of accountants all of which claim to provide quality services, many people are not able to make the right decision. In this article, we are going to give you tips on how to choose the right accountant for your small business.
1. Consider compatibility.
Is your accountant familiar with and able to work with your accounting system? That is a very important question that you need to ask yourself before you sign a contract to hire an accountant. The accountant should be able to integrate with your working envrionment and work towards achieving the objective of the company. The expectation of technology and systems compatibility needs to be addressed before engaging an accountant.
2. Will he/she help your business grow?
The main objective of hiring an accountant is to help your business grow. The main function of the accountant will be to prepare books of accounts, review financial reports to ensure that they are accurate, do budgetary follow up and offer financial advice. You must ensure that the accountant that you hire has the right skills and will add value to your small business. He/she should be able to give you advice that will work to ensure that you get more profit. The best way to know that is by conducting an interview. By conducting an interview, you will be able to separate the wheat from the chaff because you will get the chance to select an accountant that gives the best feedback to your questions.
3. Consider if he/she as the right qualifications.
Accounting practices covers a broad swath and not every accounting professional can provide quality service that your small business. You must ensure that you choose an accountant who has the right qualifications. Before you hire, make sure you inquire about the accountants academic credentials. Make sure you carefully scrutinize the accountant’s certificates to know if they are genuine or not. In addition, inquire to know if the accountant got his certificates for a credible institutions that is recognized and approved by relevant bodies.
4. Ensure the accountant is certified or charted.
Accountants are usually regulated by a professional body which looks after accounting qualifications and try’s to maintain high professional accounting standards. Certified accountants are highly qualified professionals who have completed degree level study, have a professional competence program and are highly qualified. Given the knowledge and experience that they have, a certified accountant will be able to add value to your small business right from the start.
5. Check the integrity.
Accounting and integrity goes hand in hand. If you value your integrity and want to get your return right then don’t just make sure that the accountant complies with your wishes but also make sure that uncompromising integrity is the basis of his/her practice. Choose an accountant that you are sure that even if you are not around, then the accountant will be able to do what is right for business. He/she should not give you sleepless nights when you are not around simply because you cannot trust him/her. Ensure that you choose someone who has unquestionable integrity.
6. Consider the accountant’s experience.
Experience is always the best teacher. There should be no room for error when you are looking for an account for your small business. Make sure you consider the experience of the accountant before you choose one. Experts recommend that you should choose one who have working experience of 5 years and above. This way, you will be sure that you have hired someone who knows what he/she is doing because he/she has been in this profession for many years.
In conclusion, choosing the right accountants for your small business is not difficult as many people think. If you follow the above mentioned points, then you will be on the right track to finding the right accountant in Vancouver wa to handle accounting issues for your business.