3 Tips On Finding The Right Accountant

Right Accountant

Finding the right accountant for your business can be tricky. It’s not a decision you should make lightly. This is someone that you’re going to trust with your financials, someone whose advice and expertise could help make or break your business. Are you both on the same page? Or are they on a different book entirely?

At Hacker Accounting, we understand just how much the right accountant can boost and bolster your business. Here are three of our best tips on how to find the right accountant for you and your business.

Related: How to Know When An Accountant Is Not Right For You

Know What You Need

You’ll need to figure out whether you want an internal or external accountant. It’s often cheaper to go with an external accountant. You can work with them on a consulting basis, which will cost less than employing a full-time accountant. For a small business, it makes more financial sense to work with an external accountant. It’s only when your business picks up to the point that you’re frequently dealing with large and complicated transactions that you may reach a point where outsourcing your financial work could become cost prohibitive.

You’ll also need to figure out what kind of accountant you need. Do you need a financial advisor? Do you need someone who specializes in a particular financial area? Maybe you need someone who’s specialty is tax preparation, or someone who’s adept at managing multiple payrolls for different businesses. Not all accountants have the same areas of expertise, so think about what you need before seeking out your accountant.

Communication Is Key

An ideal relationship between a client and an accountant is one that’s founded on transparency and openness. Financial matters can be very confusing, especially to someone who hasn’t devoted themselves to studying all the ins and outs of economics, tax laws, and bookkeeping. You need an accountant who can answer all your questions in a way that you can easily grasp it. Beware the accountant who hits you with a barrage of jargon and leaves you feeling confused and overwhelmed. You should walk away from every meeting with your accountant feeling confident in your financials, understanding exactly what’s happening with your money.

Speed is also an issue when it comes to communication. Look for an accountant who responds promptly to emails and phone calls. If they take too long to get back to you, that’s a bad sign. They could be a great accountant, but they could be so busy with other clients that they don’t have the time or mental bandwidth available to give you all the attention you deserve.

Industry Insider

The best accountants are the ones who have a clear understanding of how your business works. They know the industry you’re in, they understand the trends and market forces at work, they can see where you are in that world and help you find actionable steps to get you to the place where you need to be. Accountants can be invaluable financial advisers and business strategists, which is why you should seek out a professional who understands your business as well as or even more so than you do.

Related: How Your Tax Return Can Help You Save Money

Looking for the right accountant? Look no further: Give Hacker Accounting a call at 602-375-5251,