Are you looking for an accountancy firm for your accounts, tax, pay roll and book-keeping requirements? Or simply to help you with controlling your entire company accounts to eliminate any financial issues of the business?
Accountancy services make it easier for small and big businesses to simplify and streamline accounting processes, by saving small business owner’s money and time. If an accounting firm is not providing you this degree of total satisfaction, you should think about switching to a different accountancy service. If you are unsatisfied with your current accountant and the services they provide, and you wish to choose a new service, follow these simple guide when deciding which accounting firm to choose for your business:-
Research Accounting Service Providers
Wherever you are, there will always be big and small accountancy firms around you. Carry out an investigation on the accounting companies around you, and you will definitely find a number of accounting firms to choose from. You can even talk to other business owners that you come across as well as friends to find out who they recommend.
Size of the Accounting Firm Doesn’t Matter
You donât need to search for big name accounting firms or expensive providers in order to find a good accountancy company. For new businesses, small business accountants similar to Alexander Ene might be your best choice. Small accounting firms can pay a lot more attention to the needs of a start-up business when compared to larger firms that are loaded with bigger clients that will pay them more money than a small business just starting out.
Define Your Accounting needs
Do you need a service to set up your accounting systems? Are you just looking for advice on financial planning? Are you looking for an accountant to manage your pay-roll processing? Identify your accounting needs and preferences before embarking on the process of choosing an accounting service. Sometimes you may only need an accountant for end of year reports and compliance tasks such as annual accounts, corporation tax and personal tax. Other times you may require an accounting company for business plans, funds flow statements and management accounting. Once you’ve determined and specified your requirements, you’ll know precisely what kind of business accountant you should be looking for.
Consult Accounting Associations
You can also get a directory of accounting firms through the various accounting associations such as The Institute of Chartered Accountants in England & Wales (ICAEW), The Chartered Institute of Management Accountants (CIMA) or The Association of Chartered Certified Accountants (ACCA). This gives you relevant information of the scale of the firm, where they are located which areas they focus on. From this particular list, you can choose the most suitable accounting service for your business.
Responsiveness of the Chosen Accounting Company
After you have shortlisted the accountants, base your selection requirements on how much the firm is engaged in learning about the business, rather than focusing on their own products and services. Moreover, it is better if the selected accounting firm has prior experience of dealing with businesses similar to yours.
Develop a Good Working Relationship
Knowledge alone is not useful unless you learn about the tradition and philosophy of the accounting firm you intend to work with. It is also important for the firm to learn the type of the services you need to allow them to provide those services in a timely manner. Familiarize yourself with your accounting partners, as this is possibly the most crucial requirement in selecting the best accounting services for your business.