Many companies believe that they are alright without hiring an accountant by their side, that they can manage their finances without the help of a professional. While this is possible for small companies, the larger the company gets, the more they realise that staying on top of finances while managing other business functions is increasingly challenging. In fact, this balancing of activities can pull down productivity and work quality, leading to more errors everywhere and including accounting. As such, working with an accountant on the get-go is vital to ensure the company’s flow of cash is kept in check, ensuring each dollar is used to its fullest potential.
That being said, if you are interested in hiring an accountant for your business, you’re in luck. Today, we’re going to share a few tips to help you discover and hire the best accountant to help you manage your finances:
1. Understand What You Need
The first thing you must always do to pick the right accountant for your business is to know what you need. Do you need bookkeeping services? Are you looking for a short-term or a long-term partner? What other services do you need from an accountant? By answering these types of questions, you create a list of requirements to make sure the accountant you work with meets your expectations. This is because different accountants offer different services and even has a different specialisation.
2. Take Advantage of Referrals
Never underestimate the power of referrals. If other business owners who are similar to you have found success with the accountants they’ve worked with, their tips and pieces of advice can be invaluable to you in your search for accountants. You may be referred to individual accountants or even the business that employes them. Of course, you can up your research by checking online reviews, checking their social media, and even taking a peek into an accountant’s or accounting firm’s website. This will help you quickly discover potential accountants that will help you meet your goals.
3. Know What to Ask
When you finally find an accountant you like and talk to them, you should be asking plenty of questions. For example, ask about their qualifications, what the fees are, what accessibility they offer, and what time frame they work to complete their activities. If you are reaching out to a firm, you can also ask who will work with you. These questions will help you identify what exactly you can expect out of them and whether or not those expectations are what you’re looking for.
4. Interview Several Candidates
You might be tempted to stop looking for accountants on your first decent accountant to work with. However, this is a no-go. It is far better for you to spend the time interviewing several candidates to find the best one, not an “okay” one. The best accountant will make a difference, and that difference is that they can help your company stay on top of finances and use it to maximise growth!
It will take some time for you to find the perfect accountant to work with to help you stay on top of your finances, but don’t take any shortcuts. If you do, you only run the risk of working with an accountant that will barely meet your needs and expectations, putting you in danger of financial trouble. As such, take your time. You might not find one today, you might not find one tomorrow, but you will eventually discover the accountant or accounting firm that offers exactly what you need, ensuring that your business’ future is as bright as it can be!
SMB Accounting offers various accounting services, including tax returns, audits, and more, to help companies manage their financial needs effectively and efficiently. If you are looking for excellent accountants in Australia, contact us today!