Sep 17 2015

Why Hiring an Accountant is Good for Business

Published by at 3:12 pm under Business Services,Finance & Loans

Why-Hiring-an-Accountant-is-Good-for-BusinessTaking on the roles of CEO and business advisor isn’t too much of a big deal when your startup business is in the beginning stages of its life. The problems occur when you begin to grow. Your focus gradually shifts to what generates your leads and impacts your revenue rather than sitting down and having a financial discussion. To put it simply, it’s rather taxing.

Many small business owners don’t take advantage of the financial managing skills an accountant can bring to the table. They’ll take that lead weight off of your shoulder and take care of the operations going on behind the scenes.

Before you hire your accountant, you want to make sure that they are qualified. Perform the usual background check and their credentials but also find out what their specialties and communication skills are like. You want a good fit within your company.

Once you have the right candidate, be sure that communication between the two of you maintains continuity. Quarterly reports should be discussed, which do not even have to take a lot of time at all. Save time schedule these meetings so you don’t fall behind and have to schedule a last-minute discussion that goes over the last 4 quarters.

A good accountant will help you stay afloat and will save you the time and energy of having to deal with all of the finances yourself. You don’t have to invest an arm and a leg for one either. The “right” candidate is different for everyone’s business.

Bio: Ferhan Patel is the Director of Global Risk and Compliance for the global online payment platform Payza. For more information, visit them on their website.

 

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