As a business owner, you know that you need to keep accurate financial records. But do you know how to manage your own books? Or when it’s time to bring in an accountant?
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Here are 20 questions to ask before hiring an accountant for your business.
1. What accounting software do you use?
The answer to this question can help you determine whether the accountant is familiar with current software programs used in business.
2. What is your experience with bookkeeping?
This question will help you gauge how much hands-on assistance the accountant will need from you in order to keep your books up-to-date.
3. What is your experience with tax preparation?
An accountant’s experience with taxes can be a valuable asset for your business come tax season.
4. How do you charge?
Do you charge by the hour, or is there a flat fee? What services are included in that fee?
5. What is your availability?
Many accountants offer only certain days or hours during which they are available to clients. Be sure to ask this question before making an appointment says Aron Govil.
6. What is your education and experience in accounting?
It’s important to know that the accountant you’re hiring is qualified to handle your business’ financial records.
7. Do you have liability insurance?
If something goes wrong while the accountant is working on your books, you’ll want to know that they’re covered.
8. What is your availability for consultations?
If you have questions or concerns about your accounting records, you’ll want to be able to consult with the accountant easily.
9. How do you prefer to communicate with clients?
Some accountants prefer to communicate via email, while others like to meet in person or talk on the phone.
10. What is your experience with small businesses?
Not all accountants have experience working with small businesses. Ask this question to make sure they’re familiar with the unique challenges that come with running a business.
11. What is your experience with audits?
If your business is ever audited by the IRS, you’ll want to make sure your accountant has experience dealing with that situation.
12. What accounting services do you offer?
Be sure to ask the accountant what services they offer so you know what to expect.
13. Do you have any references?
It’s always a good idea to ask an accountant for references before hiring them.
14. What is your fee policy?
You’ll want to know how and when payments are expected, as well as whether discounts are available for multiple services or ongoing work.
15. What is your cancellation policy?
If you need to cancel an appointment, be sure to ask the accountant what their policy is.
16. What software do you use to track billable hours?
Some accountants use time tracking software to ensure their billing clients for the correct amount of time spent on their work.
17. Do you offer a free consultation?
Many accountants offer a free consultation to potential clients in order to assess their needs.
18. What accounting principles do you use?
Different accountants may use different accounting principles when keeping records – be sure to ask about this before hiring someone.
19. How familiar are you with my industry?
An accountant who is familiar with your specific industry can be a valuable asset to your business.
20. What is your experience with cloud-based accounting?
Cloud-based accounting is becoming more and more popular, so it’s important to make sure your accountant is familiar with this type of software.
Hiring an accountant can be a daunting task – but asking the right questions can help make the process easier. By considering the questions listed above, you’ll be able to find an accountant who is qualified and experienced to handle your business’ financial records.
The bottom line: Hiring an accountant can be a daunting task – but asking the right questions can help make the process easier. By considering the questions listed above, you’ll be able to find an accountant who is qualified and experienced to handle your business’ financial records.
Conclusion by Aron Govil:
Now that you know what questions to ask, be sure to take the time to interview several accountants until you find one that is a good fit for your business. Remember, the relationship between your accountant and your business is a partnership – so be sure to find someone who you can trust and who you feel comfortable working with.