We know it can be intimidating to work with an accountant, many people don’t know what to expect and lack confidence when it comes to numbers but don’t worry! We are here to help, read on to find out how to build a positive and effective relationship with your accountant.
Why do you need an accountant?
First of all, why do you need an accountant? How can they help you and what are you expecting from them? By identifying these key aspects, you will be able to have a much clearer idea of how you want the working relationship to develop. Accountants often help businesses by; preparing accounts, tax returns, assisting with budgeting, guiding on generally accepted account principles (GAAP), advising on investments, working with financial institutions for you and so much more.
Make sure they are a certified or chartered accountant
Before you dive into a working relationship with an accountant it is vitally important that you make sure they are a certified or chartered accountant. If you are looking for an accountant in Sheffield, at Millhouses Accountancy you can rest assured knowing our accounts are certified. Don’t just hire the first accountant you happen to find the phone number for, there are many aspects to take into consideration, treat this as you would if you were hiring a new employee. If you are looking for a Sheffield accountant who has the skills you need and who you can work well with come and see us at Millhouses Accountancy. If the working relationship starts off on the right foot you can expect a positive experience throughout.
Consider how much work you expect the accountant to do
When you are searching for the right accountant for you and your business you need to consider how much work you expect the accountant to do. You can find accountants that charge hourly or that charge fixed price rates, however, hourly rates are most common. If your accountant is charging hourly then you probably won’t want to give them a pile of jobs that you can complete yourself as it is not a cost-effective approach. Think about ways you can streamline the systems you already have in place and which aspects really need the accountants’ assistance to help you get the most from the accountant you hire. We offer Sheffield bookkeeping services to help your business keep on top of your accounts and finances.
Make sure you touch base with your accountant throughout the year
Once you have chosen an accountant, there are a couple of things you can do to keep on top of your businesses finances. Make sure you touch base with your accountant throughout the year to keep them up to date and to ensure any errors on the accounts are picked up quickly and rectified immediately. This also ties in with keeping your records ordered and in good shape. Well organised records require less time for analyses and in turn means less time for the accountant to spend on them so by being organised you’ll save yourself some money. Remember, you can always ask your accountant for advice or for extra information. Most of all, don’t be afraid to talk to your accountant, they are there to help you.
Call us today for more information on 0114 345 0960