The success and viability of a small business can often hinge on an entrepreneur’s ability to establish a firm financial foundation. Finding a professional accountant who is knowledgeable and able to provide good advice on understanding and tracking financial information is essential, and must be one of the first tasks completed. Changing accountants in mid-stream is difficult and time / cost consuming, so getting it right the first time is important.
Characteristics of a Good Accountant
No concrete formula exists for identifying an accountant who matches well with a specific business. However, there are several things that need to be determined about an accountant before committing to a hiring decision.
- Talk to business colleagues to create a list of local accountants who have good reputations and track records for success. Don’t choose the first referral but compile a list of potential candidates and then take the time to contact each one.
- Ask to meet each accountant at her office to determine the level of support that is available and to make sure she is legitimate. There is no problem asking the candidate about her licensure and business specialties and for examples of how she has helped similar businesses succeed.
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