3 Tell-Tale Signs You Need to Hire a New Accountant
Accounting is a critical function in every kind of business, especially since it impacts everything from financial health to future decisions. But just like any other professional partnership, the relationship between you as an owner and your accountant requires a deep understanding of one’s needs and capabilities.
Think of accounting services like a staircase — every step takes you closer to complex stages in your accounting needs, going from basic services to a more dynamic client-accountant agreement. Seeing as you need to rely on your accountant to handle your finances in more ways than one, it’s only right to question whether you’re working with the right accountant or if you should flourish better by seeking accounting services elsewhere.
Red Flags that Indicate You Need to Switch Accountants ASAP
1. Your Accountant Lacks Communication
Clear and mutual communication is key to achieving a healthy relationship, and when it comes to critical topics like your financial status, it’s important to work with a professional who can always keep you in the loop.
If your accountant fails to respond to your queries and always seems too busy to address your calls, then it’s time to drop them and look for a different accountant who can guarantee better customer service to you.
2. Your Accountant Confuses You More than Simplify Statements
Your accountant should clear any confusing financial matters and explain complex topics in easy-to-understand nuggets, but bombarding you with jargon that only muddles your comprehension does the opposite purpose of having an expert as your guide.
Not only should your accountant handle your finances, but they should also help you have a deeper insight into the ins and outs of your accounting needs. If you don’t understand taxes, bookkeeping, annual accounts, and other aspects of your accounts, then you’d have a harder time realising what areas you need to improve for your financial health.
3. Your Accountant Offers Bare Bones Services and Does Not Use Cloud Accounting
The best accountants are progressive and up-to-date with the latest technologies that can enhance their services, so an accountant who is opposed to using digital solutions like cloud accounting software is lagging behind the fast-moving industry.
Working with an accountant who doesn’t want to keep up with the changes means your business will also lose the race, plus sticking to traditional methods leaves you with a less-than-efficient system. Additionally, it’s time to move forward with a better accountant if they only deliver the bare minimum when it comes to the services they offer.
The Bottom Line: The Importance of Working with the Right Accountant Who Meets Your Needs
The relationship you have with your accountant can make or mar your finances in various ways; that’s why it’s essential to outsource an accountant who can take the extra mile to boost your financial health. Someone who understands your industry’s needs uses the latest technology and is up-to-date with the ever-changing tax laws and other related regulations ensures your business can continue to grow.
How Can We Help You?
Running a business is often a balancing act, but we can help stabilize your strategy by offering financial mentoring services aimed to grow your venture. New Wave Accounting handles one of the best accountants in the Gold Coast, so get in touch with us for all your bookkeeping and accounting needs.
We understand that keeping tabs on your finances and taxes can be overwhelming, so check out our services and learn more about how we can help you today!