Connect with us

Entrepreneur

How To Get It Right When Hiring An Accountant

Getting it right when the time comes to select an accountant can be tricky, as it’s not as if anyone is born knowing what questions to ask or qualities to look out for. Just as the right accountant can make life so much easier, a poor choice can lead to a partnership that’s genuinely more of a hindrance than a help…the latter of course being the outcome best avoided.

The good news however is that in theory at least, making the right decision is technically no more difficult than ticking a few essential boxes along the way. There are certain universal traits and qualities that every good accountant should possess and present, so if you just make sure that all such bases are covered, the rest largely takes care of itself.

How To Get It Right When Hiring An Accountant

So, with this in mind, here’s a quick look at the most important factors of all to consider when choosing an accountant:

1 – Qualifications

Unsurprisingly, qualifications really do matter when it comes to taking on these kinds of dedicated professionals. While there will always be exceptions to the rule, there’s generally a huge and notable difference between an accountant who studied at home using the cheapest and easiest-to-pass distance learning course on the market, and another who studied at the country’s best learning institutions. This isn’t to say that the latter is the only acceptable option of course, but nonetheless illustrates the importance of looking into qualifications before making your final choice.

2 – Experience

While qualifications are important, it’s often said that nothing matters more than real-world experience. The reason being that while any given person may have all the education in the world, this doesn’t necessarily mean they’ve yet had the opportunity to put their skills to the test in a real-life setting. By contrast, others with fewer qualifications on paper may have reached the highest levels of the industry through little more than hard work and commitment.

3 – Specialism

Accountancy is a pretty enormous industry and subject area to say the least and one that must be sought in accordance with who you are and what you need. Or to put it another way, while some accountants may be fantastic for small businesses working in the retail sector, others might have absolutely no experience in either sense. The simple fact of the matter here is that the closer the accountant matches the profile of your own business and its needs, the higher the likelihood of a partnership that works. And with so many accountants out there covering every need and industry area imaginable, there’s really no sense in settling for a half-match.

4 – History

Something else to look into prior to signing on the dotted line is exactly how long the prospective accountant has been in business for. This is again something of a grey area in some instances as just in the same way that long-term history doesn’t necessarily guarantee great service, a shorter track record doesn’t rule it out. What’s important to look for a name that’s at least modestly established and has a strong track-record the likes of which breeds confidence.

5 – Feedback

More often than not, there’s nothing more important than strong feedback when it comes to evaluating the abilities and skills of any given accountant. Assuming they’ve worked with any clients at all in the past, it’s 100% safe to say that there will be reviews and write-ups to be found somewhere online. They should of course be available via the provider’s website unless they’re trying to hide something, but in any and all cases a quick web search can be quite revealing.

6 – Costs

Last but not least, it’s always a good idea to be as open and honest as possible from day one when it comes to the costs to expect. First of all, there’s really no place for paying up-front fees these days before any work has been performed – this just isn’t how business is done anymore. In addition, there’s no room at any level or in any business area for charging clients for initial consultations or arrangements, which means that if the accountant you’re looking at will attach a fee to the first meeting, you might be looking at a dud. Last but not least, never overlook the importance of bringing the subject of hidden fees and charges into the open as while most accountants these days are wholly above board, there will always be those that like to sting their clients out of the blue for their own personal gain.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Posts

Tech2 hours ago

5 Important Web Design Considerations to Make for Better SEO

Ever since the birth of search engines, practices in optimising websites for better search rankings have changed considerably. Where it...

Health3 hours ago

4 Reasons For Your Teeth Becoming Sensitive

Having sensitive teeth can be a common issue for many, but it can also be a sign that you have...

How To Keep Your Business Clean & Sanitised How To Keep Your Business Clean & Sanitised
Business5 days ago

How To Keep Your Business Clean & Sanitised

If your business offers any kind of public-facing services, then you will likely be thinking a lot more about the...

The Impact Of Covid-19 on Commercial Property The Impact Of Covid-19 on Commercial Property
Business6 days ago

The Impact Of Covid-19 on Commercial Property

The lives of people all over the world have been completely altered as a result of Covid-19, with businesses struggling...

3 Of The Best Foods and Drinks To Aid Your Sleep 3 Of The Best Foods and Drinks To Aid Your Sleep
Health2 weeks ago

3 Of The Best Foods and Drinks To Aid Your Sleep

Getting a good night’s sleep is hugely important for your overall health and wellbeing. Studies have shown that having a...

Why You Should Consider Volunteering Why You Should Consider Volunteering
Lifestyle2 weeks ago

Why You Should Consider Volunteering

Volunteering has many benefits both to you, your community, and your CV. Whether you do it alone, or with a...

Investigating The Important Factors In Legal Software Testing Investigating The Important Factors In Legal Software Testing
Law2 weeks ago

Investigating The Important Factors In Legal Software Testing

Fulfilling the digital transformation objectives with QA testing services has become an important phase for all industry verticals. Today, every...

Multiply Your Magento Store’s Sales With Affiliate Program Multiply Your Magento Store’s Sales With Affiliate Program
Business2 weeks ago

Multiply Your Magento Store’s Sales With Affiliate Program

Are you struggling to boost your sales and expand your customer base due to the significant increase in marketing expenses?...

How COVID-19 Is Changing Plastic Surgery How COVID-19 Is Changing Plastic Surgery
Health3 weeks ago

How COVID-19 Is Changing Plastic Surgery

There’s been changes to practically everything in our everyday lives, including industries such as plastic surgery. With practices having to...

Benefits and Drawbacks Of Getting A Taxi and Renting A Car Benefits and Drawbacks Of Getting A Taxi and Renting A Car
Autos3 weeks ago

Benefits and Drawbacks Of Getting A Taxi and Renting A Car

If you’re planning a vacation or business trip, you must decide whether or not to rent a car ahead of...

8 Killer Tips to Make Your Portfolio Website Standout 8 Killer Tips to Make Your Portfolio Website Standout
General3 weeks ago

8 Killer Tips to Make Your Portfolio Website Standout

A portfolio website is one of the easiest and most straightforward ways to showcase your work.  Although you have a...

3 Reasons You Need A Mobile-Responsive Email Marketing Platform 3 Reasons You Need A Mobile-Responsive Email Marketing Platform
Tech4 weeks ago

3 Reasons You Need A Mobile-Responsive Email Marketing Platform

Repeat after me. Creating email interfaces with mobile-first ethos and UI is key to the success of email marketing campaigns....

Mother and Nature Active Maternity Wear, How It All Started Mother and Nature Active Maternity Wear, How It All Started
Business4 weeks ago

Mother and Nature Active Maternity Wear, How It All Started

5 months pregnant and very happy about it, not much to complain about. Everything was going ok (famous last words). ...

How To Make Sure Your Toddler Has A Balanced Diet How To Make Sure Your Toddler Has A Balanced Diet
Health1 month ago

How To Make Sure Your Toddler Has A Balanced Diet

As your baby grows into a toddler, they go through a period of intense mental and physical development, as their...

The Top 3 Vitamins and Minerals To Support Your Fitness Goals The Top 3 Vitamins and Minerals To Support Your Fitness Goals
Health1 month ago

The Top 3 Vitamins and Minerals To Support Your Fitness Goals

You can spend hours in the gym, but without fuelling your body properly, it will be hard to see the...

Categories

Archives

Trending