Selecting the right Kent accountant is an extremely vital move that any employer should aim to achieve. The ideal candidate is reliable, trustworthy, efficient, experienced and qualified. Such an employee or service provider contributes significantly to the growth of an organization. Conversely, a mediocre accountant can cost the company money. However, the process of identifying the right choice can be daunting considering the large pool of potential candidates.
One of the key considerations in the selection process is whether the candidates hold a relevant degree. Experience in the employer’s sector is also a relatively important factor. Hiring an individual or firm that is familiar with the manufacturing sector may translate to failure to adjust well to working with an employer or client involved in the leisure industry. Familiarity with industry-specific legislation is a key aspect in many sectors.
Questions to ask
Experts at ACCA ( Association of Chartered Certified Accountants) recommend asking candidates how they intend to add value to the organization. In addition, the right individual should be capable of acting as a business partner. The professional will not only handle operational and financial data, but they will be in a position to provide business advice on financial matters.
For this reason, employers should make an effort to interview a substantial number of candidates before selecting an accountant for the position. The ideal candidate should be certified by a professional body in the field.
It is vital to match the right candidate with specific accounting areas that require attention. Your choice should be able to handle the complexity of your specific requirements. Consider whether the tasks only include tax returns or end-of-year financial statements or you need a full-time year-round commitment. Make an effort to identify any potential future needs and pick an accountant capable of handling the tasks.
When looking for an accounting firm, you should remember that big is not always better. Instead, focus on whether the service is a good match. Smaller accounting firms provide a service that is well suited to clients running small businesses. They offer a personal touch. Complex needs require the support of a reasonably larger team.
Many professional accountants are members of regulatory bodies that provide liability insurance. The cover is designed to protect you in the event that the firm makes wrong moves that cost your organization money. On the other hand, unqualified accountants do not typically come with such protection. Your company will have to deal with the financial ramifications of the mediocre service. Any apparent fees that are associated with hiring unqualified service providers can easily turn out to be costly in the long run.
Professional accounting bodies typically enforce standards by taking disciplinary measures against any service provider that fails to adhere to specific guidelines. The bodies usually provide access to member directories. This gives you an opportunity to search for the ideal service. Accounting firms generally list any professional bodies they are affiliated to. The information is displayed on promotional materials or company website.
A good accountant comes with reachable references. Alternatively, you can check with previous clients for recommendations when dealing with a firm. The internet is also a good source of information through consumer reviews. In some cases, accountants offer a free consultation for the first meeting. This provides a good chance to assess the quality of service and level of professionalism. You should use the opportunity to ask any key questions you might have about the firm and its range of services.
Fees are another crucial aspect that needs careful consideration. Fixed fees are the best option in this regard. They eliminate the potential for any nasty surprises and disagreements.
Firms that offer a personal touch can be extremely useful when working on complex tasks. The provision of a dedicated individual or group of professionals is reassuring. The last thing you want is to struggle to reach the accountant when you have an urgent task. Working with different professionals can be confusing and may undermine efficiency. This has the capacity to waste time.
In the end, it is imperative to avoid the temptation to rush the selection process. Instead, carry out sufficient research and conduct interviews or sample services through free initial consultation. A good accountant allows you to focus on other operational issues to improve productivity.