For a lot of entrepreneurs accounting is a necessary evil. And that is why decisions on the matter must be taken carefully. A good accountant can be a precious ally. The most important thing for an entrepreneur is to dedicate himself or herself to his business (customers, sales, products).
But on the other hand, the owner has to get involved in administration, paperwork and accounting to manage the company, which can bring a lot of worries. So it is vital to choose a good accountant – the person who will help you with all financial issues. We will see now 10 tips for choosing the right one:
Many entrepreneurs agree that when they had to choose an accountant for their business, especially in the startup phase, they didn’t follow this type of advice. Often, unfortunately, accounting is not considered the most important part of business, and that is a mistake. If you’re not rigorous in your finance, your business angel will run away.
When you choose an accountant, you should ask for clients’ references and call them. You’ll see if they are satisfied or not. Work with the accountant who provides advice, and who says no when he or she sees that there’s too much risks and gambles.
Some accountants provide just basic benefits, and others numerous services. Choose who provides all the services that you need.
Maintenance of Bookkeeping
Control of the overall operation
Annual balance sheet
Tax return (VAT, Company Tax, Professional Tax)
Preparation of pay slips
Legal secretariat (holding general meetings and management committee meeting)
Management consultancy services
Setting up of Business plan
Provide advice in social and business law
Preparation of projected profit and loss accounts
Provide assistance in finding financials resources
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