Donât take the job of choosing a accountant for your business to lightly because it can the success or failure for a small business company. Like they say, the accounting of is business is told in a language of numbers.
All of us have some basic knowledge of accounting and are able to do our own budgets or financials but this is not enough to run a business successfully. At some point you will need an accountant to help you with cash flow forecast, prepare your tax return or assistance on long-term financial plans.
Be sure when you are selecting an accountant be once you have one and has been working for a while for you, it is difficult to change to a new one because it is time consuming and expensive.
Here are a few pointers that will help you when selecting an accountant.
1. Determine the level of accounting that you required for your business because if you are only looking for somebody to help you with your books or prepare monthly financials, then you can come away with a bookkeeper but you seeking annual audits and periodic advice, then you should get a qualified accountant.
2. Ask business owners which are in the same industry for referrals of accountants which has the experiences and knowledge to provide the services you will need for your company.
3. It is important to be comfortable with the accountant because you will be spending a lot of time with him/her so setup interviews with a few accountants and ask them questions to see how they communicate their advice to you. After the interviews, you will have a good overview of with which accountant you feel comfortable with.
4. It will be good to ask the accountant for referrals. Contact the referrals and ask them of they feel about the accountant and the quality of work that the accountant is delivering.
5. When you have completed all above then you should have a good idea of which accountant you want to choose for your business.