7 Point Checklist for Choosing an Accountant

When it comes to small business, it is wise to hire an accountant as soon as you launch. They can help set up your accounting and payroll system, saving you time and money. They can also offer business advice, keep records and prepare your annual accounts, monitor cash flow, and provide tax advice. This makes them vital to your company. As a result, Siragusa has put together our 7 point checklist for choosing an accountant.

need an accountant

1: Consider What Your Business Needs

Your first step is to consider your business needs. This will then help you define your criteria. A great accountant should do more than just balance your books. Having a set criteria will help you find the right person and skillset for your needs.

Remember to ask what services they provide, and ensure they can cover your business needs.

2: Ask How Their Fees Work

It is important to ask your accountant how their fees work, not just their general charges. Be wary of any accountant with hidden fees. Check what charges they may be for short timeframes, for postage or photocopying, software, and more.

3: Ask What Kinds of Clients Your Accountant Works With

This is always a good question to ask, to ensure they have the experience to work with your business. While the fundamentals are thee same, no matter the industry, there are some elements that are specialised. Ensure your accountant is up to date and know the different expenses your business can claim.

What Online Software Do You Use

4: What Online Software Do You Use?

Is it important to you that your accountant uses online accounting software? Are you already using a system that you want them to use? It is important to check that your chosen accountant is comfortable and confident using your chosen software.

If you haven’t started using an online system yet, this is the perfect time to get advice on the options available and what will best suit your business. Always ask if there are costs involved for utilising this software or switching providers, if you need to do so in the future.

5: Ask How They Communicate

It is important to have a solid working relationship with your accountant, and much of this comes down to communication. Find out what your accountant’s communication style is and how often they will be in touch. And ensure you are comfortable with their method of communicating.

At the end of the day, they are there to help you grow your business. So it is important to not only choose someone with experience and a communication style you like, but someone you also get along with and respect. Choosing an accountant is like choosing a business partner – so choose someone you get along with.

Are You Working with One Accountant or More

6: Are You Working with One Accountant or More?

Some people prefer only working with one accountant. Other are fine dealing with multiple people in a firm. You need to ask your accountant if you will only be dealing with them, or with the firm as a while, and then decide what you prefer.

Also keep in mind how your business needs might evolve. As your business grows, you will likely need more help and you might outgrow a single person. If you prefer working with a single accountant now, ensure there is room for expansion and help in the future.

7: How Long Has Your Accountant Been in Business?

It is important to check how long your accountant has been practicing. If you are a start up business or your business is complex, you want the comfort of knowing they are experienced. You want someone on your side who understands the unique challenges of your business.

Looking for the right accountant for your needs? Contact Siragusa today! Our highly skilled and experienced accountants are excited to help your business flourish.