You might have heard of the term ‘approachable’ while you were still in school. This word, along with the acronym AYS, stood for Accessible Business Owner and was a way for accountants to differentiate themselves from the regular, boring large firms. In the world of small business, however, ‘approachable’ has a different meaning altogether. This is an extremely important element for any company looking forward to success, and it’s not as easy to distinguish yourself from the crowd as it was to separate yourself from the insurance agents. So what exactly does an Approachable small business accountant mean?
The most important thing to remember when looking for an accountant who will handle your accounts is that they should be ‘approachable’. The word ‘approachable’ in this context means that they should be friendly and seem like a real person. You don’t want to deal with a business accountant that is full of pomposity or one that comes off as pretending to be more knowledgeable than they actually are. If you need further proof, just ask an accountant whether they’ve worked for any other company or firm. If they say no, that’s a good sign that they don’t really know what they’re talking about.
An Approachable small business accountant should also be able to assess the size and scope of your business accurately, with little effort. You’ll be surprised how many businesses have accounting problems because they’re not very clear about their financial records. Your accountant should know how much your company is worth and be able to tell you how big it is on paper.
Approachable small business accountants are also supposed to be easy to reach, even by email. Nothing makes a client hate an accountant more than having to wait for hours just to speak to somebody. Your accountant should be able to answer your questions quickly and have your responses within minutes. If they can’t or don’t, that’s a red flag that they aren’t worth hiring.
An accountant who’s friendly and helpful is another important trait. Make sure that the people you’re going to be working with have positive attitudes towards clients and toward each other. Your tax adviser probably won’t be the nicest person in the world but he will be hard-working and organized. He or she will also make sure that all your paperwork is done on time, which is vital if you have any hopes of growing your company. Having a great rapport with your accountant is important.
Your accountant needs to have a sharp focus on your company. They should know the name of every employee and every line of business. They should know who your competitors are, how they do their business, and why you should and shouldn’t do certain things. This is particularly true when it comes to legal matters. If your accountant seems to be lost in the shuffle, or if they’re constantly asking you questions that seem irrelevant to your business, then you should probably look for someone else to hire.
Their pricing and fees need to be very clear and understandable. Make sure that you understand everything they charge you and that you can afford it. This will also go a long way towards ensuring that you get the best service possible. Make sure that your financial adviser is willing to talk about all of the important terms and provisions that you have with your business. This includes everything from your corporate taxes to the purchase of equipment or services from your company.
If you have doubts about any aspect of your financial situation or your accountant’s performance, make sure that you discuss them openly and honestly with them. The more you can communicate to one another, the better chance you’ll have of making some progress toward a solution. Your accountant is there to help you increase your profits and minimize your losses. You want to make sure that they’re doing exactly that.