One of the most critical departments in a business is the accounting unit. The right accountant can steer the corporation in the right direction or sabotage it by offering inaccurate information for decision making.
Seeing how sensitive the position is, the business should invest its time to research for the right person or the right accounting firm. Fortunately, an experienced accounting firm such as Quill Group offers accounting services for small businesses saving the corporations’ valuable time.
Although there may never be a perfect fit instantly, these five guidelines will help you to avoid the common pitfalls most organizations stumble into when choosing an accountant.
Avoid These 5 Mistakes When Choosing an Accountant
- Hiring on Qualifications Basis
If you’re lucky enough to have hired an accountant who can do everything on your checklist, you’re among the successful few. Nonetheless, qualifications alone cannot make an accountant great. Ensure this is someone who can get along with you and other employees. If they have zero people skills, no matter how qualified they are, they’ll be a frustration to the business.
- Not Specifying your Needs
All accountants meet the requirements for basic accounting. However, there are various types of accounting in the field depending on the nature of your business. A technical accountant works differently from a payroll analyst accountant. As well, when looking for the right firm specify what you’re looking to gain. You may want a combination of accounting and bookkeeping services or just a firm that offers bookkeeping services for small business.
Having a list of your needs will help you narrow down to the right choice.
- Hiring A disinterested Accountant
An accountant who is not asking questions about the nature of your business is not eager to work with you. Understanding how your business runs even on the surface level will make a big difference especially when the accountant needs to give feedback on the business performance and offer recommendations.
- Choosing an Accountant who agrees with your Views all the Time
An accountant who is out to please you is not a competent professional. The primary reason for hiring one in the first place is so you can get expert advice in accounting. If the person is agreeing with with what you want without offering guidelines or recommendations, they’ll not make any productive difference to the business.
- Forgoing the Financial Analysis
A productive accountant should ultimately contribute to business growth through financial accounting by offering economic analysis. They should explain what the numbers mean to the organization’s opportunities, current challenges, and possible solutions.
To avoid all the above pitfalls, small businesses, as well as established organizations, should be keen when choosing an accounting professional. Whether it’s hiring a firm or an in-house accountant, the business needs should come first.