From one-man-teams to small and medium-sized businesses, accounting services are now a mandatory requirement of operations. But you probably don't need to hire an accountant or bookkeeper internally; you just need a trustworthy professional to work with.
How do you find one you can trust?
The good news is there are client accounting services available everywhere today. Let's take a look at some of the most important tips for finding a good accountant in 2022.
1. Get referrals from people you trust
It can be difficult to find a good accountant on your own, so it's always best to get referrals from people you trust. Talk to your friends, family, and colleagues who have businesses and see if they have any recommendations for you. Don't just go for the first business card you see in a local business. Doing your due diligence and researching potential options can be the difference between a dream experience and a financial nightmare.
2. Do your research
Once you have a few referrals, it's important to do your own research to make sure the accountant is a good fit for your business. Read online reviews, check out their website, and give them a call to get a feel for their customer service and professionalism. The best accountants will have excellent online reviews and client testimonials.
3. Ask about their experience in your industry
When you're talking to potential accountants, ask about their experience and expertise. You want to work with someone who has worked with a variety of businesses, industries, and situations to ensure that they have the knowledge and skills needed for your specific business. In particular, make sure they've worked with companies in your industry before.
4. Consider their pricing structure
Pricing is an important factor to consider when choosing an accountant, as different accounting firms will have different fee structures. You want to find an accountant that offers a fair and reasonable rate, while still providing the high-quality service you need. Do note that cheapest isn't always better. The best firms will cost more, but they'll save you money long-term with their robust accounting services.
5. Ask yourself whether you need a local accountant
Do you need an accountant in-house or one who can work remotely? Consider the overall costs. A remote accountant can be from anywhere, including lower cost of living regions where they can charge less. If you don't mind there being some momentary time zone issues, a non-local accountant can help. It is much cheaper to hire an accountant online and you will get the same quality of accounting services.
6. Talk to them about their technology
A good accountant should be comfortable using technology and be able to adapt to new software and tools easily. They should also be able to offer advice on which technology you should use for your business. In particular, though, ask them about how they manage their security. If they can't tell you about their security processes, they could be a weak link. Many companies have had their information stolen from accountants with lackluster security systems.
7. Get a feel for their personality
You'll be working closely with your accountant, so it's important that you get along with them personally. Ask yourself whether you feel comfortable talking to them and if you can see yourself working well with them over the long term. Do you feel comfortable calling them up and asking them for tax advice? Or do you feel they might judge you or be too busy for you? If they're too busy talking to you when you're still in the courting stage, they'll be too busy to talk to you when they're on retainer.
8. Compare apples to apples when it comes to services
Some accountants do all your bookkeeping for you. Other accountants don't touch your bookkeeping but will do your taxes. Some accountants offer consulting services so you know how to manage your books for better tax benefits. Others just determine the best tax benefits afterward. Make sure you're comparing the same services as you compare quotes.
9. Be open and honest with your accountant
Finally, it's important to be open and honest with your accountant so that they can provide you with the best possible services. Share all relevant information about your business, financial situation, and goals so that they can help you make the best decisions for your company. Otherwise, the client accounting services they offer might not be the best services available for you.
By following these tips, you should be able to find a good accountant that meets your needs and budget. With a little bit of research and due diligence, you can find an accountant that will help your business succeed and if outsourced accounting services might be something of interest, reach out to AccountingDepartment.com today!