A Few Quick Tips to Help You Find the Best Online Accountant Company
Over 30% of small businesses will fail within the first two years. Within the next 5 years, 50% of startups will fail.
If you're a small business owner, these numbers are terrifying. You're probably asking how do I prevent my company from being another statistic.
The answer is simple. Planning. And the best place to start planning is by finding a qualified accountant.
Though there are many ways find an accountant, one of the most convenient ways is to find an online accountant.
But how do you know that you're getting a qualified experienced accountant? And how do you search without falling victim to scammers or going through hundreds of resumes?
If these are questions you're asking then keep reading we've compiled some quick tips to make hiring and online accountant easier.
Make Sure They Have Experience in Your Field
Just like there are specializes in other fields accountants often specialize in different industries. For example, there are accountants that specialize in real estate and even in the cannabis industry.
If you own a small business be sure your online accountant has experience working with small business owners.
This is incredibly important because small businesses have distinct accounting needs. With startups, for example, it's important to track and monitor financial information closely to make sure the company is growing.
Your online accountant should also know about the type of business structure your company has. In other words, if your business is a partnership make sure your online accountant has experience working with partnerships.
See What Kind of Accounting Tasks They Specialize in
From payroll to preparing financial statements, and taxes accountants can provide a variety of different functions. This makes it important to know what role your online accountant will play in your business.
You can do this by making a list of tasks to complete and making sure the accountant can fulfill that task. And by checking online for information about the kind of services that the accountant provides.
Check Their Qualifications
One thing that may be keeping you from accounting online is the fear of getting scammed. How do you know that the person you're hiring has the experience or qualifications for the job?
Simple you can check these qualifications online.
The primary qualification for accountants that work with business owners is the CPA or Certified Public Accountant.
The CPA is the gold standard of accounting. It often requires a degree and rigorous testing. And it requires constant renewal which ensures that your accountant's knowledge is always up to date.
You can easily check to see if your accountant has one by checking the directory of the AICPA (American Institute of Certified Public Accountants)
If you don't want to go through all this trouble to find a smart accountant our team provides qualified accountants you can trust.
Make Sure They Have Time For Your Business
Accountants are notoriously busy.
This makes it tricky to find an accountant that maintains constant contact. It's important to ask about their usual schedule and ensure that they have time to take you on as a client.
And know their hours where and when you can reach them.
One thing you should be aware of is if you have a small business it's probably best to stick to working with smaller firms. As smaller firms often have time to dedicate to small businesses.
Make Sure They're Good at Communication
One of the most important skills an accountant can have is the ability to communicate. As a small business communication with your accountant can help you monitor your companies growth.
This makes it important to know how frequently they will be communicating with you on a weekly or monthly basis or even yearly basis.
It's also important to be flexible about communication. Make sure that you're clear about whether you'll be communicating through email, live chat or video chat.
You should also know who you're communicating with. Whether it's the head of the accounting firm or a junior level accountant.
Good communication is the most essential skill and accountant can have since it allows you and the team to know what to expect when working together.
Look At How Much They Charge
Good help doesn't come cheap. But you can find great accounting services in almost every price range.
The best way to prepare for this is by budgeting for the cost of accounting services. You can also get an estimate of the accountant's prices before agreeing to work with them.
Thought accounting costs are important they should never be the deciding factor in who you choose to work with.
You should also know how your accountant gets paid whether on a retainer or on an hourly basis.
Know Where to Look
On the internet, there seems to be endless information about accounting. This makes it hard to narrow your choices when it finding an accountant online.
This is one of the most important decisions you can make for your business, so you don't want to leave it up to a simple online search.
Luckily, if you have zero accounting experience, there are great tools for finding accountants online.
Find the Perfect Online Accountant
Finding the right online accountant is make or break for your company. It can mean the difference between knowing your company is growing and being completely clueless.
If you want to start growing your small business today contact us for a free consultation and we'll help you find the perfect online accountant.