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Hiring an accountant is often vital to a business’s success, but knowing how to find the right accountant is a critical part of the process. Even if you only plan to work with one part-time, finding someone who gels with your company is vital.
To that end, here’s how to find the right accountant for your team:
Knowing how to find a good accountant can be difficult, but the best way to start the process is to establish a clear idea of what you need out of an accountant. Here are a few things to ask yourself:
These are very general questions, but below, we’ll take a closer look at what they entail.
Of course, there are countless accountants out there, but you can narrow the playing field by determining what you need. Consider the above questions and think about whether you just need someone to file your taxes or someone to assist with bookkeeping, cost and profitability planning, and other services. Depending on what you need, you might look for accountants with different qualifications.
If you’re not sure how to find the right accountant, assessing the following qualifications can help:
If you’re on a tight budget, you may need to strike a balance between qualification and cost. After all, every business wants a highly qualified, experienced accountant, but in some cases, their rates may be prohibitively expensive.
When you’re mulling over how to find a good business accountant, it’s easy to focus exclusively on their qualifications, but maximizing your chances of success means finding an accountant who fits in with your company and your team.
To accomplish that, you must take a comprehensive look at each candidate. In-person Interviews (or at least conducting interviews face-to-face over video) is an important step. Through these, along with phone calls and other direct contacts, you can gauge a person’s communication style and get a sense of a given candidate’s preferred strategies and risk tolerance, among other qualities.
If a candidate has experience in your industry, asking for references is another essential step. You can ask past employers if the accountant worked well as part of a team and performed job duties successfully.
Finding an accountant who possesses the necessary experience and certifications (and also gels with your company) can often prove to be difficult. Here are a few tips to help you through the process:
Knowing how to find an accountant for small businesses is important, so it is a good idea to decide what questions to ask beforehand so you can accurately compare all applicants.
In most cases, businesses don’t need a full-time accountant, so when you’re considering how to pick a good accountant, consider working with an outsourced firm. When you outsource your finances, you get the benefit of working with a financial expert without having to pay an employee’s salary and benefits.
Even if you need full-time employees, an outsourced accounting firm is a great temporary solution. A firm can help you develop accounting department structure best practices and offer suggestions on how to select the best employees.