Starting or running a business is no small feat. From managing finances to overseeing operations, the responsibilities can be overwhelming. That's why having a reliable and trustworthy accountant by your side is crucial. Your accountant will be your go-to person for financial advice and guidance, so finding the right one is essential for the success of your business.
In this blog post, we’ll explore some tips to help you find the right accountant for your business.
- Check references
Just like you would look for reviews before making a purchase, you should also do your research when it comes to finding an accountant. Ask for recommendations from other business owners in similar situations and read online reviews. This will give you a good idea of the accountant’s expertise and how well they align with the type of guidance you're looking for.
- Look for adaptability
In today's fast-paced business world, it's crucial to have an accountant who keeps up with the latest technological advancements in the industry. Using outdated accounting software or methods can put you behind in reporting and awareness, which can negatively impact your business. To find out if your potential accountant uses up-to-date software like Xero or QuickBooks, check their website to see if they are listed as a certified partner.
- Consider the client base
It’s a common misconception that all accountants do the same thing. While the basis of their work revolves around tax, the type of clients they specialise in can significantly affect the quality of their service. Some accountants focus on individual tax, while others specialise in small or large businesses. It’s also important to consider the industries they have experience with. Make sure to find an accountant with a diverse range of clients and industry knowledge.
- Evaluate the relationship
The relationship between you and your accountant is just as important as their technical expertise. You want to feel valued and heard when it comes to your concerns or requests, not just like another number. A good accountant will establish an easy line of communication, either through assigning a client manager or through other means. They should also be able to communicate freely and provide you with the best possible advice, without acting only for their own benefit.
At iBusiness Group, we understand the importance of finding the right accountant for your business. Our accountants have over 19 years of experience working with clients from a variety of industries, from cafes to cattle stations. We are trained in numerous accounting software and prioritise maintaining positive client-manager relationships. Contact us today to learn more about how we can help your business thrive.
In conclusion, finding the right accountant for your business requires some research and consideration. By checking references, looking for adaptability, considering the client base, and evaluating the relationship, you can ensure that you have a reliable and trustworthy partner to help you navigate the financial aspect of your business.
