Keeping records of your business’ finances, regardless if you are running a startup or a multi-million dollar company, is crucial. Doing so will allow you to see how much money your organization is making, spending, and whether or not there is a possibility to expand soon. However, accounting is not an easy thing. Even if you are good with numbers, it is still advisable to hire chartered accountants.
All of these will be done accurately, though, if you employ reliable chartered accountants.
Here are tips on how to choose the right accounting firm:
Check Their Credentials
Anybody can call themselves accountants. That is why it is never a good idea to hire the first that you will come across, especially if you have just seen them online. Although it is true that many legit accounting firms are advertising their services on the internet, you must still be extra careful.
Before you hire one, you must check their credentials first. Find out about their designations and see if they really have the license. Legitimate chartered accountants should not hesitate to show you proof that they are, indeed, certified.
Ask About Their Services
Another thing that you should ask about is the specific services that the firm is offering. Will they be able to help you with filing your taxes? Are they well-experienced in that aspect? How can they efficiently manage your books? What tools are they using? These are just some of the questions that you need to be answered. With this, you will know what to expect from the company and if they can meet your needs.
Before you enter into an agreement with a certain group of chartered accountants, you should make it clear right from the start what your company’s needs are in terms of accounting services.
Do a Background Check
It will help a lot if you do a background check on the accounting firm that you are entrusting your company’s finances to. Keep in mind that your books are confidential. Therefore, the firm should be trustworthy and has a good reputation.
To determine if the company is competent and reliable enough, you can check the reviews on them. You can also call the associations that they say they belong to and see if their credentials are for real.