There are some important factors to consider as you choose an accounting company for your business or to handle your personal finances. These factors include experience, professionalism, communication, and certification. What might not be as apparent are the red flags that you should be watching for. These red flags are important when considering an accountant or an accounting firm. They will end up playing such an essential role in the success of your business.
As you go through the process of selecting an accountant, you may find yourself asking questions to determine if they are the right fit for you and your goals. Here are some red flags to be aware of as you ask those questions:
1. You Can’t Understand Them
If you have trouble understanding the message your accountant is trying to convey, you may want to move on to someone else. This isn’t about speech impediments or accents; it’s about your accountant using language that you can comprehend. Avoid working with accountants who use terminology and jargon that is difficult or impossible to understand. You need someone who is able to explain things in a way that you can relate to so you can make confident decisions along with them.
2. They Can’t Answer Questions
As is true with most professions, accountants may not know the answers to every question you have. However, they should be able to provide answers to basic questions about starting or running a small business. Are you getting poor or vague responses to some of your simple questions about your business finances? You may need to move on to the next accountant.
3. No Availability
When you start working with an accountant, you will soon find that they become a very important resource and partner in the overall success of your business. It is crucial that they are available when you need them. Not all accountants will be available 24/7, but they should be able to get back to you in a timely fashion. When your accountant has a tough time being available for you, it is a red flag that they may not be the best choice.
No Interest in Your Business Ideas
You will want to be sure to choose an accountant that expresses interest and excitement about your business and the ideas you have to grow it. As was stated before, your accountant should be someone you can heavily rely on as part of your team. If you sense that they are not engaging your business ideas, they may not be the best accountant for you to work with. Find someone who is supportive, yet honest with their feedback to ensure your business grows in the right way.
Related: 3 Upsides to Having an Accountant
Are you in the process of choosing an accountant for your business? We invite you to give Hacker Accounting a call. We make it a point to work closely with our business clients by communicating openly and being supportive in every stage of business growth. Find out if we are a good match for you by calling us at 602-375-5251.