Choosing an accountant to help manage the finances of your business is no easy task. You need to choose someone experienced, reliable, professional and skilful. And they need to be able to work effectively with you. Get it right, though, and you can benefit from a business relationship that helps you grow and expand your company. What do you need to look out for when you are deciding which accountant to choose?
1. Location. Does it Matter?
It depends whether you are happy conducting a business relationship online, or you want face-to-face contact. Choosing central London accountants for a central London company is a good idea as you can meet easily to discuss issues as well as conduct most of the day-to-day accountancy tasks by email or phone. If you want to primarily work with someone remotely your accountant could be anywhere. In the case of a new company, or when you are starting a new business relationship with an accountant, it makes sense to be able to meet in person, which makes central London accountants for central London businesses a good idea.
2. Certification and Qualifications
It almost goes without saying that you need to hire an accountant who is regulated by professional bodies and has completed the correct qualification procedure to be able to work with accounts. But unfortunately there are a few unqualified people out there. Make sure you don’t cut corners and try to save money by choosing someone who is not qualified to work with your finances.
3. Relevant Expertise
All good accountants will be able to handle a business’s taxes and finances, whatever sector the company is in. But a great accountant, who can also be a business adviser, has relevant experience of your industry that helps him or her understand your unique challenges and opportunities.
4. Can Handle Growth
While you may be a small company now you probably don’t intend to stay that way. Choose an accountant that also has large clients so that you know they will be able to handle your needs as you expand. Ask central London accountants how their clients have grown, and how they handle a company’s growth.
Often you can get a great accountant through a referral from a colleague, a family member, or a client. Ask around and see if you can find any recommendations for good accountants. But be careful to look carefully at the recommended professional – everyone’s needs are different and the person who is an ideal fit for one company may not always work well at another.
6. How Responsive and Communicative?
While accountants have a bad reputation for being dry, dull and quiet, the modern accountant can actually be quite different. Effective business accountants interact with you, they are proactive, and they communicate like the business professionals that they are. Choose someone who can work on a business level as well as with numbers to help grow and develop your business.