Consider These 10 Factors when Choosing the Right Accountant
Just as if you are trying to find a doctor or dentist, you do your own research in order to ensure you are making the most informed choice. The same applies for choosing an accountant for your business. You are entrusting this person to handle your finances accurately and respectfully, so of course, you want to make the right choice. What may be best for others doesn’t necessarily mean it works for your business’ needs. We’ve laid out 10 different factors to carefully consider when looking to hire the “right” accountant for your business.
Credentials: Look for an accountant who has the appropriate qualifications, certifications, and licenses. Some common certifications include Certified Public Accountant (CPA), Chartered Accountant (CA), and Certified Management Accountant (CMA).
Experience: Consider an accountant who has experience working with businesses that are similar in size and industry to your own. This will help ensure that they understand the unique challenges and opportunities of your business.
Services: Determine the services you need such as tax preparation, bookkeeping, financial planning, or business consulting, and look for an accountant who specializes in those areas.
Technology: Find an accountant who uses technology to generate more efficient and effective services. This could include cloud-based accounting software, document-sharing tools, or video conferencing.
Communication: Look for an accountant who communicates clearly and frequently, and who is responsive to your questions and concerns.
Availability: Consider an accountant who is available when you need them, whether it's during business hours or outside of them.
Fees: Understand the accountant's fee structure and make sure it aligns with your budget and expectations. Consider whether they charge hourly rates, flat fees, or a percentage of your business's revenue.
Reputation: Check the accountant's references and reviews to verify they have a good reputation for providing high-quality services to other businesses.
Trustworthiness: Look for an accountant who is trustworthy and who you feel comfortable working with. They will be responsible for handling your business's financial information, so it's important to feel confident in their integrity.
Compatibility: Finally, consider whether the accountant is a good fit for your business's culture and values. A good working relationship can make a big difference in the success of your business.