Your Checklist When Selecting an Accountant

There are many factors to be considered when you are trying to select the accountant who is right for you. Make up a shortlist of at least 4 or 5 potential candidates. Compare what each has to offer. Come to a conclusion as to which offers the best service for the cost involved. Yom must find out about each accountant.

You must see if they are interested in your type of business. Are they keen on the size of your business and the work involved?

If they don’t appear interested, don’t waste your time - keep looking.

Some of the questions that you will need to ask yourself include the following:

  • Does your accountant understand the type of business you operate?
  • Has your accountant had experience in that type of business with other clients?
  • Do you think the accountant is interested in how successful your business can be and can the accountant contribute to that success?
  • Is the accountant experienced enough to be able to offer services beyond the normal. (e.g., can the accountant help you prepare your business forecasts and a business plan?)
  • Is the accountant going to readily available for you when you need answers to questions by telephone or email?
  • Will the accountant be available to provide financial and strategic advice personally, or do you have to go to other professionals? (If other professionals are consulted, the cost may be greater for you.)
  • Do you feel comfortable talking to the accountant
  • Do you feel confident that issues are explained clearly so that you are able to make informed decisions? (You don’t want to have an accountant who blinds you with technicalities and with statistics, because the last thing you want is to be confused when a professional is trying to explain business matters that affect the growth and viability of your business.)

These questions need to be addressed even by your present accountant, because if your current accountant is not meeting these requirements, then you may have to consider changing.

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