Your CPA is an important part of your business. Whether you hire a full time or part time small business accountant, or outsource your accounting, you need someone who can understand your business and what it needs. It is also vital that you can trust your accountant, after all your accounts are in his hands. Most small business owners however are not really sure what they should look for in their CPA. Here are some tips that can help you.
- Your accountant needs much more than the right qualifications.
Having the right qualifications is not all that counts when it comes to your accountant. Aside from all the necessary degrees, , you need an accountant who has a thorough understanding of your business, and is capable of working with your employees and communicating with them. It is also crucial that your small business accountant is someone you can trust and depend on, especially in times of trouble.
- Figure out what specific accounting needs you have before hiring.
Quite often, business owners begin the recruitment process without any idea of what they are looking for, which often results in hiring the wrong person or firm. If you are able to identify the accounting areas you need help in, you are in a better position to weed out the wrong candidates. It also provides the CPA or CPA firm with a better understanding of what is expected of them and ensures that everyone is on the right page.
- You need a CPA or CPA firm you can communicate with.
Never underestimate the importance of communication when it comes to your CPA. You need someone you can talk to, someone who is willing to take you through each step and explain things when needed. Your small business accountant has his finger on the pulse of your business, so if you need to know where your business is headed, you need to be able to communicate with him.
- Find an accounting service provider who also provides financial analysis.
A good CPA or CPA firm should be able to provide you with financial analysis reports. These reports are essential for making informed business decisions. There are a few firms that don’t provide financial analysis services, it is better to avoid them. Make it clear to your small business accountant during the hiring process that you want financial analysis done as well.