Guest Post by Katelyn Markham
With so many different forms of accounting software available, many business owners often fail to realize the many benefits that a professional accountant offers. While the financial software may be good for day-to-day business, an experienced and knowledgeable accountant can provide you with a wealth of information. For example, accountants point out how your business’ financial statements can be used to make better business decisions. Accountants can also help with tax preparation and planning for your retirement. The most important thing is to ensure that you find the right accountant for you and your business. Below is a list of several questions you should consider when choosing an accountant.
Is the Accountant Qualified?
When choosing an accountant, the first thing you want to do is make sure that he or she has the right type of qualification. This qualification varies slightly from country to country; but in the United States, the most common qualifications for accounts include Certified Public Accountant (CPA) and Chartered Accountant (CA). If the accountant is a CPA or a CA, then he or she has the right education and is knowledgeable about the financial rules and regulations that apply in the United States. In addition to the right qualifications, you should also make sure that the accountant has experience and ask for several references from previous clients.
What is the Accountants Specialty?
All qualified accountants learn the basics of all area of accounting and financing. However, most accountants choose to specialize in a specific area of accounting, such as taxation or auditing. When choosing the right accountant for your business, the accountant’s specialty should match the types of services you are looking for in an accountant. For example, it would not be wise to choose an accountant, who specializes in tax accounting, if you need an audit done for your business because this is not his or her specialty.
Is the Accountant Compatible with Your Business?
Finally, you want to choose an accountant who is compatible with both you and your business. Finding the right accountant may involve meeting with several different accountants in your area until you find the right one for your business. If as a business owner, you prefer a face-to-face meeting make sure that your accountant will provide that type of service. Also, if you are more laid back and people-friendly, you may not want an accountant who is stiff with a no-nonsense attitude. In the end, you must make sure that the accountant you choose has the right experience, skills and specialty for your business, but most importantly, you must choose an accounting firm that is compatible with you and your business.
Today’s post was provided by Katelyn Markham of WebHelp2Go on behalf of Acton Accounting and Bookkeeping. Katelyn writes full time on a variety of subjects and this month she writes for the Vancouver Accounting team of dedicated professionals. Www.actonaccountingandbookkeeping.com/