The cost of hiring an accountant is greatly outweighed by the benefits of hiring a proactive accountant. A deeper understanding of a business’s finances allows for more effective planning, easier to utilise savings and, most importantly, a more secure financial outlook.
An accountant is essential to make any business tick and making sure they hire the right one is a key decision for any business. Here are some things to consider when hiring an accountant:
Experience
Accountants can see many businesses and industries. Choosing one that knows you and your business is going to set up a more successful future. More importantly if you are in a sector that has specific rules or intricacies having an accountant that has dealt with this before is only going to further the compliance and most importantly valuable financial information that could lead to savings.
Attention to detail
Accountancy is a complex line of work that requires excellent attention to detail. A small mistake at the beginning can lead to many more mistakes, making it hard to find where it all started. Being accurate, paying attention to details, and having a thorough review process are key to being a good accountant.
Excellent communication
Being a skilled business accountant is important, but being able to explain what that accounting means is equally essential.
Select the key information to communicate to various individuals within the company. This ensures that everyone receives the necessary details. Sharing only the most important information helps to avoid confusion and streamline communication.
Modern thinking
The world is becoming more modern and technology-driven, including in the fields of accounting and HMRC. Having a forward thinking technology led accountant is going to prevent your numbers and finances be stuck in the old days. Technology like Xero accounting software, DEXT Receipt capturing software or even Unleashed Inventory management software are the next wave of modern accounting. Slashing man hours, improving accuracy and giving you real time metrics of your business.
J Sweeney Accountants offer a wide variety range of accountancy services for businesses of all shapes and sizes. Interested in finding out how we can help your business? Get in touch on 01604 950034 or contact us here.
