How To Know If Your Accountant Is More Than Just A Number Wizard

February 24, 2014 11:49 am2 commentsViews: 237

numbers1The business industry is all about venture and bottom-line business concerns.  As Henry R. Luce quotes, “Business, more than any other occupation, is a continual dealing with the future; it is a continual calculation, an instinctive exercise in foresight”.  In the end, all business operations can be evaluated by either of these two outcomes : success or failure.

Indeed, there is only a thin line which separates success and failure. For businesses, small or big, a reliable professional must advise on complex things. These things include a whole lot of opinions on taxes, method of financing and effective planning. These roles are rendered by a skilled professional, a credible ACCOUNTANT.

Does it mean that an erroneous choice of an accountant will destroy your business?  Well, a wrong choice may probably not harm everything right off the start, but your business may feel the damage slowly and eventually. As you cannot afford to let it happen, here are some recommended tips on choosing the right accountant :

  • He must be somebody who can get involved in the planning stage of your business and who can squeeze out advice on your choice of business. Moreover, he must know how to set up the right bookkeeping systems and negotiating leases.
  • When the business becomes operational, he must prepare yearly information returns, work on reviews every quarter and the best part he must do good at is giving advice. Nowadays, the role of the accountant has transformed from somebody who has to review information into more of a professional finance adviser. AUDITOR-1
  • As what surveys reflect, the accountant is the most trusted adviser of any business. This means that his points of view when it comes to problems on internal control, cash flow, taxes, budget and cost analysis, inventory pricing and the like, really matter. Therefore, a good accountant should be responsible enough. He has to take the role of a general business consultant.
  • In choosing the right accountant, one factor to be considered is that he must be a great source of referrals. An accountant has a community of professionals around him. He must know how to make good use of them.
  • An accountant who can set up the business with you is a good choice.  He must be someone with adequate experience. In whatever field, hiring someone with the experience is making the best decision. If he already knows what the ins and outs of the business are, he is a better option.
  • “Someone who’s going to answer your business questions, someone who listens to you and your business concerns, someone who is reliable.” This is the best description of a good accountant. Make sure that you are going to choose someone you are comfortable with because your personal relationship is also important.

CPA-2Is a CPA better than those who are not? CPAs, as we all know, have passed exams and are well- equipped with the qualifications. However, despite being more qualified, it is not a general assurance that those who are not must not be considered.

With these tips and guidelines, rest assured, you will see the difference between a number wizard and a certified good accountant.



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