How To Choose The Right Accountant for Your Business

Posted on December 8, 2010

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All Accountants Are NOT the Same

Inc. Magazine jokingly defined an accountant as “Someone who solves a problem you didn’t know you had in a way you don’t understand”. Sadly, that is the case in many instances.  I have worked in an accounting firm where the only thing that the Certified Public Accountant (CPA) gave the clients were some financial statements on a quarterly basis and a tax return at yearend.   The South Carolina Association of CPAs defined a CPA as “a trusted business advisor who contributes to the financial health of your business”.

There is so much more information that a really good CPA could provide for you.  You see, just like your doctor is concerned with your physical health, your CPA should be concerned about the financial health of your business.  In looking at your financial statements, a CPA should be able to tell you:

  1. Did I spend too much money on office supplies this month?
  2. Am I on target to meet my monthly profit goal?
  3. Will I be able to meet payroll on next week?
  4. Did I make a profit this month?
  5. Will I have enough cash to purchase the inventory I need?

Your Accountant as Your Business Advisor

A really good accountant should be more like a business advisor.  Someone, who is genuinely interested in the success of your business. Your CPA should be someone who gives you the financial tools that you need to successfully operate your business.  He or she should be contributing to the financial health of your business.   In today’s changing economy, you need a CPA who will help you to anticipate change and plan for survival and growth.

Do you have the right accountant for your business?  The answer to this question can mean the difference between financial success or failure in your business.

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