Got your hands full with your business?
Don’t know how to manage your finances, file tax, bookkeep, and process payroll?
You don’t have to do everything.
You simply need an accountant to help you with all that so you can focus more on growing your business.
But finding someone to trust your business finances with can be hard.
That is why here are the things that you need to consider when hiring an accountant or getting an accounting firm to manage your business finances:
1. Know your needs
Do you need someone to prepare your financial statements and file your taxes? Or are you looking for someone who can give advice?
In finding the right accountant, determine the needs of your business and look for an accountant or accounting firm that matches your business requirements. Remember that not all accountants can provide the same range of services.
It is also highly advisable to find an accountant that specializes in the sector of business you’re in.
Another thing to consider is to find an accountant that is certified as it ensures that they are following accounting qualifications and standards.
2. Ask for referrals
Begin your search within your professional and personal network. Tap into your colleagues, families, and friends who are also business owners and ask who they are currently using.
Ask them questions like: “What do you like about their services?” “If you could recommend this accounting service, would you?”, “Are they easy to deal with?”, “Are they hands on with their clients?”, and other questions that would help in searching for the right accountant.
This is essential in narrowing down your list of choice accountants. Answers to these questions would be later relevant once you’re already comparing accounting firms to one another.
3. Find out how much they charge
Some accountants charge by the hour, or some might charge monthly. Find out what those fees include in their services.
However, if you’re a small business owner, you must learn how to negotiate fees. Show your prior financial statements and tax return and negotiate the cost for their services.
Another tactic is to get written quotations from your list of accountants and compare them. See which one works best for your business.
4. Ask what tools they use
Ask if they are using paperless accounting or accounting software as it saves time both for you and the accountant. But other than being time-saving, it also prevents errors.
If you want to be part of the accounting process, you would want your accountant to operate in a paperless office where they can send and receive documents in a snap.
Ask about their accounting software and whether it matches the one you’re using.
5. Find someone who wants to help
Another thing to look for in an accountant is their willingness to save you money. Other than taking care of your finances, accounts, and tax return forms, a good accountant suggests ways to save your money.
A good accountant will help grow your company. They will closely monitor your business and will be involved in the operation of your company – this is why you need to choose wisely.
Choosing the right accountant sets you up for success in the long run. Make the right decisions for your business by partnering up with the best.
That is why we, at Savvi Accounting and Shared Services, have a team of certified public accountants as well as senior accountants that can help you with general accounting, tax filing, bookkeeping, payroll, among others.
For free quotation of our services, contact us at +63917-174-7277 or email us at savviacctg@gmail.com.