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Top 5 Factors to Consider When Choosing Business Accountants

by Purva Jagtap
Top 5 Factors to Consider When Choosing Business Accountants

Choosing business accountants are one of the most important things you can do. Accountants manage the financial records of your business. They also make sure your company pays its taxes. 

What do you need to know when looking for business accounting experience? What should you look for?

Here are the top 5 factors to consider when choosing business accountants. 

  1. Choosing Business Accountants Begins With Credentials

Hiring someone with solid credentials gives you peace of mind. What’s their educational background? Do they have any certifications?

At the very least, you will want someone who knows the basic software programs to get the job done. 

Choosing someone with skills from the Universal Accounting School’s courses can prove invaluable. Their Quickbooks Certification can teach anyone how to use Quickbooks. People using the program will make your business run smoother.   

  1. Do You Need a Firm or an Accountant?

Depending on the size of your business, you may need a CPA firm or an accountant. Some business owners start out doing their own bookkeeping. 

Much depends on how large the business is and your needs. A bookkeeper can do basic accounting, while a CPA can do more complicated tasks like audits. 

Will there be tax responsibilities? Payroll requirements? How many employees do you have?

You might also consider an in-house accountant. Having one accountant does have its disadvantages. If they need time off, you’re without an accountant. 

Choosing an outside accounting firm allows for multiple accountants to work together. They can often brainstorm to find better solutions for your bookkeeping.  

  1. Look For Relevant Experience 

Choosing business accountants who know your field can help you a great deal. If you are in the automotive business, why not look for people knowledgeable in that field? 

Different industries have different needs. An accountant skilled or knowledgeable in your field can make recommendations. They will also be familiar with other firms you do business with. 

Someone who spent a lifetime in the medical industry might not be good with the construction industry. 

  1. Ask for Recommendations 

Ask around with members of your local Chamber of Commerce about who they are using. What about other people you know that run similar-sized businesses? Is there a firm or someone they recommend? 

Professional business groups can also point you in the right direction. Who are your competitors using? 

Asking for recommendations from people you trust prevents you from making bad decisions.

  1. Look to Social Media

Look to social media platforms, especially for references and reviews. Look to see what their clients are saying about them. This is a good way to compare accounting credentials. 

Many people on social media will display their business accounting experience. This is another way for you to check their credentials. 

Making the Right Choices in Choosing Business Accountants

Making the right choices in choosing business accountants is as easy as checking credentials and whether a firm or accountant is best. Looking for relevant experience, asking for recommendations, and looking to social media are also good tips.

If you liked this article, be sure to check out more informative content on our site! 

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