How to get the most out of your Accountant as a Business owner
A good Accountant is not only a significant resource when it comes to planning for your Accounting and Tax or your Business in general. Having a good Accountant also means that you should be able to turn to them for advice on nearly every aspect when it comes to your Enterprise.
Finding the right Accountant and working with them conscientiously is an essential step; however, this can be easier said than done for many business owners.
Many times, you may ask yourself – ‘How do I get the most out of my Accountant?’ ‘How can I increase the chances of getting what I need from my Accountant to help grow my Business?’
Here are some of the best tips for Business Owners looking to develop a fulfilling relationship with their Accountant:
Before consulting with your Accountant or any other professional, ensure that you are prepared to do your homework before meeting with them. This will help you achieve realistic goals and expectations alongside their involvement. A little preparation will benefit your time, meaning you will get the most out of your Accountant.
Help your Accountant help you
Accountants will always be paid for their expertise, time, and the value they add to your Business. The more organised you are, the less time your Accountant takes to get the job completed.
Below are some suggestions on how to get the most out of your Accountant and potentially lower fees incurred:
- Answer queries from your Accountant as soon as you can, or the other alternative is to point them in the right direction to someone who can provide them with the information they require.
- Ask your Accountant how to improve on your general housekeeping to help make both yourself and your Accountants’ life more manageable.
- Take action, implement the solutions agreed with your Accountant to save the need for multiple follow-ups.
- Keep the lines of communication open
Recognise your strengths & weaknesses
When meeting with your Accountant, let them in on exactly where you are at when it comes to your strengths and weaknesses. Do not ever be afraid – they are there to help you in any way they can. Be open and honest. Your Accountant will assist you in finding opportunities on how to improve your weaknesses but also how to keep your strengths where they are, if not improve them.
By utilising the valuable tools and knowledge your chosen Accountant has to offer, you can improve your businesses chances of success, so why not make of the most of what is available to you? The relationship with your Accountant is one that should be invested in and not written off.
Peyton King | The Money Edge | Bundaberg