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Top 5 Tips for Selecting an Accountant for Your Business

Wed, 06/04/2014 - 5:50am | by Guest Contributor

Choosing an accountant for you business is no easy matter. It can be overwhelming to keep track of all financial matters on your own, and you may not be especially suited for the task besides. Accountants are trained and well versed in this field, and they can make life a lot easier for you. However, you need to make sure to find an accountant who is the right fit for your specific needs. Follow these 5 tips for finding the right accountant.

  1. Look for Similar Sized Firms If you're running a small business, hiring an accountant from the biggest firms in the city might not be the best way to go. These larger firms often dedicate whole accounting teams to a particular project, and their pricing reflects the added labor. A more modest accounting firm may give you a single, knowledgeable accountant with whom you can interact on a daily basis to make sure everything is running according to plan. You may even consider hiring a solo freelance accountant if you can find a reputable individual.

  2. Talk to Other Clients When considering a particular accountant or firm, ask for references to some of their other clients. Getting feedback from real clients can tell you a great deal more than the actual accountant trying to sell his or her services. This will give you greater knowledge about the accountant's particular strengths and weaknesses, and help determine whether any individual or firm will be well suited to working with your business.

  3. Think About Team Harmony Aside from being an adept book keeper, you want your accountant to be a valued member of your team. He or she should be able to interact well with you and your employees. An added bonus would be an accountant who has a passion for your particular field. Don't look at credentials and service charges alone. Forging a positive personal relationship with your accountant will help to ensure a positive work relationship. This should be someone who is going to work harmoniously with your business and its objectives, as well as someone that you like personally.

  4. Ask for Detailed Service Plans This is an often overlooked factor in the accountant search that is worth mentioning. All accountants and firms have different charges for different fees. Shop around extensively to find one which will offer the services you need at a competitive rate. This is another reason that the biggest firms are often not ideal for small businesses. You will be getting hit with the same rates that huge corporations pay. Local accounting services can usually offer the services you need at lower rates; a win-win for your company.

  5. Double Check Qualifications This aspect of accounting services has been understated up to now, but it should be a deciding factor in your choice. A qualified and experienced accountant will be able to handle your financial matters competently and efficiently, whereas an unqualified freelancer may provide the services you need at affordable rates, but lack the experience necessary to get the job done well. Look for experienced accountants linked to established and respected firms that are sure to work for you and never let you down.

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