Obviously; It’s indeed an herculean task when it comes to choosing the right accountant for your business, in fact, so difficult, that it has turn to hard nuts and a thing of a running joke in the business world.
Most time, some business owners do choose an accountant for their business when they encounter financial challenges and the business, have become so enormous to handle without calling a business expert for help.
You may also want to better the financial abilities and functions of your business, perchance, your accounting software may not be providing the real type of data you are in need of to build your business, thus, you need a certified accountant to handle, with care, the business with you.
Do you experience any difficulties in choosing the right accountant for your business? Are your business financial statements inaccurate, inadequate or incomplete? If yes, these are all really good reasons to choose look a Certified Public Accountant for your business.
Choosing the right accountant for your business is one of the highly needed decisions a business owner can make. A good accountant can save you and help you grow your business; in the same vein, a bad one could easily cost you a loss. For this reason, you have thousands choices to choose from, this is a daunting call to make.
When it comes to choosing an accountant for your business, what are the smart and required questions entrepreneur should ask or duties to perform in other to make the best choice? I shall however, unravel the mysteries behind the most informed actions you are to perform before choosing the right account for your business.
Why Should I Employ You?
Hiring, employing or choosing an accountant for your business could be more important than taking on many members of staff, if you choose the wrong person, you could miss out on some things you ought to know.
During the hiring/choosing process, the key thing you are to ask is how the accountant will increase and add more value– financially– to your business. Among the aspirants, choose someone who will be able to act as a partner to your business.
If chance, you can let them demonstrate the already acquired skills and the knowledge on how to help a business.
Therefore, relax and take your time cum adequate research. Advisably, by meeting with at least four candidates prior to making your final choice. The fundamental questions that should be asked while this meeting is ongoing is their “QUALIFICATION”
First, before choosing the right accountant, ask the selected candidates about the qualifications they’ve acquired so far, and press further if those certificates are regulated by any professional body.
However, choosing an accountant to handle tax advice and/or return preparation, entrepreneurs usually choose the accountants who are licensed and certified.
Here are few of the qualifications you might look out for:
• A certified public accountant (CPA) who obtain an undergraduate degree, plus, met the exam and all the experience requirements for the state certification.
• A certified public accountant must take the continuing education courses to maintain the certified and licensed.
• A certified management accountant (CMA) that’s trained to meet the requirements and demands of today’s accounting in addition to participating in the industry’s management team.
• As with a CPA, a CMA he/she must pass the exam, gain business experience, and obtain the continuing education credits.
Above all, you need to decide what type of qualifications your able accountant should have. A non-certified accountant -precisely- maybe who you need to help you handle your business’ financial analysis, statements and bookkeeping.
Lastly, accountants are supposed to be a tested and trusted advisor to your business. They are the chief counselor to the business family, a cleric and a priest, and mostly, they are involved in many aspects of the business, thus, the relationship is supposed to be a trusting one. Choosing a trusted and reliable one could be done through “REFERRAL”
Choosing an accountant for your business, seek for names or referrals from friends and family or from people who are in similar industries as yours. Never keep mute instead, voice out that you are seriously looking for a reputable accountant in your company.
Word of mouth should never be over emphasized; it is in fact one of the sure ways to fish and identify a good candidate to manage your business account.
In conclusion, your business trade association is also a good resource. Since you are planning to choose a reputable accountant for your small business, endeavor to get the word out to your close acquaintance and relatives.