Running a business especially when it comes to managing and maintaining accounts and finances is not an easy job. Not only is it important that your accounts and finances are in order for the business to run smoothly but also that it is tax compliant. This is where accountants come in. They are responsible for overlooking the business and making sure that your accounts and finances are well-balanced. Therefore, if you are in the lookout for an accountant, give this article a read.
1. Finding the Right Candidate
To begin with, you will first need to spread the word around amongst your colleagues and friends that you are in need of an accountant. You can also check with public accountants in your state if they can make a referral. Even though accountants normally work for large companies and organizations, there are CPAs as well that work for comparatively smaller companies and organizations as well. When looking for a business accountant Moonee Ponds, carefully check the credentials as you would want to hire a certified individual to look after your accounts and finances.
2. Determining the Nature of Work
Once you have some good candidates at hand, you will now need to determine as to how much work will be divided between the accountant and your company. Accounting services usually consist of billing, transactions recording and producing financial statements. Even though these responsibilities may not require expert skills, some individuals and firms charge per hour for such services. This is why it is important that you determine what needs to be done by the accountant.
3. Interviewing the Candidates
Once you have determined the nature of work, it is time to interview the candidates. It is always suggested that you conduct two interviews. One at your place and the other at theirs. During the interview process, your goal is to determine three things: personality, fees and services.
Every individual that you will interview will specialize in a particular area. You will need to find someone who offers multiple services. A CPA may help you with creating financial statements and prepare auditing reports etc. but what about estate planning and bookkeeping? If in case you are not able to find someone who cannot offer all such services, look around for firms that understand your needs and can make referrals accordingly.
The personality is the next thing you should be observing. Different accountants will have a different approach towards handling situations, but you do not need to be concerned about that. Hear them out and try to understand their working styles. An accountant should be easy to work with and should provide relevant recommendations as to how can you improve the business instead of pressurizing you into things.
You should be asking about the fees upfront. Moreover, you will need to get different quotations from a number of accountants. Some would like to get paid by the hour while others on a monthly basis. However, your decision should not only be based on costs. It maybe that the person who is comparatively charging more per hour is more experienced than a novice who is charging less.
Concluding, once you have found the desired candidate, make sure to put everything in writing. Even though the process of finding the right business accountant Oak park could be hectic but it is sure to take some burden off your shoulders. Therefore, give it time and be patient. Good luck!