Updated : Dec 01, 2018 in Finance Accounting

Tips for Choosing an Accounting Firm

The accounting firm you choose should be one that you feel comfortable dealing with. Whether you hire just one accountant or a company team of accountants, you, as the owner of a company or professional service should be assured of their competence and their efforts on your behalf. You may not know much about accountants, but you know your business. In managing a business, it's important to understand how the business makes a profit and do not confuse profit with cash flow.

When comes to accountants they should know the law concerning business taxes and what best to do for your company's financial security. If you feel that your accountant or his firm is not giving your financial concerns the right amount of interest and time, you should choose another financial firm.

Your business is important. When choosing an accounting firm, you should feel that you are treated with dignity and not high handedness. You may know little about accounting practices, but you are hiring a professional firm to work for you as extended employees and are the firm's client. You will be paying for your services from your extended business firm to do your taxes, handle legal tax matters and advising you on setting up your company's books, payroll and other accounting matters. Whether your company's accounting employees work from their own company headquarters or come to your company, they will act as advisers or does the actual accounting work itself. You need to feel confident in their ability and in their genuine concern for the welfare of your company or business office.

Choose a financial firm that handles accounting tasks for businesses or for professional offices that explains its methods to you without waiting for you to ask questions about how they will handle your accounting needs. Let your new extended employees introduce its members to you and give you samples of what their work looks like and what they will do for you. Make sure that you know how you will be charged for your new extended employees' salaries and when they expect to be paid for doing your company's books, payroll or whatever else you are hiring your new accountants to do. If you think that you are hiring a certified public accountant, check to see that they are certified. Remember when hiring a new accounting firm that you are the boss even if financial matters overwhelm you.