With the economic slowdown from Coronavirus, there’s no better time to start looking for a new accountant.
Especially with how detrimental COVID-19 was to many small businesses, it’s important to find someone that not only knows where you’re at but how you can recover and grow into the future.
Although it’s an overlooked part of accounting for some firms, we take pride in helping companies grow, which is why we’ve compiled a few key points in what you should look for in an accountant. Whether that solution is ultimately with us or not, we want to make sure that you’re on the right path. That’s why we’ve provided you with some solid questions to get started with. Check them out below:
Why are they accountants?
Accounting is a practice you genuinely have to find value in beyond the numbers.
Often the ‘dirty work’ to what makes a lot of businesses honest with their practices and grow towards their goals, accounting plays an integral role in the lives of entrepreneurs and individuals looking to create a foundational financial plan. After knowing a bit about the industry, we can say there’s a lot of accountants out there who don’t have much attachment to their work, but rather look at it as a means to a paycheck. Although there’s nothing wrong with making a living, there’s often a massive price that comes with what might otherwise be an elementary amount of work.
When vetting an accountant, check and see not only why they’re in the industry, but what they understand about your business. As you know your field best, it’s not hard to sniff out if someone is faking an act just to land you as a client or really wants to learn the in’s and out’s of your operation (as well as has any experience in it). Instead, go after someone that understands what you’re doing, why you do it, and how they can be there to help.
What are their services?
Even if you do find an honest accountant, that’s not to say they offer everything you might need as a business. No matter if it’s a niche category like cryptocurrency transactions from a corporation or something as simple as bookkeeping, there are a ton of different types of services out there an accountant could address. For example, one of our favorite services is consulting with entrepreneurs on what type of corporate structure they should apply to their practice. Take a glance at what your company has needed before, as well as what they might want in the future, providing an accountant that understands where your business stands and how it can grow into future needs.
Who are their other clients?
If any are publicly listed, looking at other clients can give a feel for what an accountancy does, as well as the types of personalities they serve. Although this is mostly private information, being able to even see general sectors can be helpful, knowing where exactly you should try and land per your options.