Few weeks ago, I was asked by the CEO of a book publishing company to fix their accounting system. I asked him why so? He said "My accountant secretly steal our company's money by adding up additional expenses in accounts payable."
What is an Accountant?
He/She is a qualified person trained in bookkeeping, and in preparation, auditing and analysis of accounts. They evaluate the financial well-being of the business and give advice regarding financial concerns.
Accountants have different specialties, there are those who focus on recording keeping, others on audit and some on government taxes. Selecting the right accountant will depend on your business needs.
If you are a small business, it is best that you hire an accountant with experience in general accounting. He/She must be knowledgeable of all your bookkeeping requirements. Must be keen on details and with acceptable work experience in bank reconciliation,accounts receivable, accounts payable,payroll and inventory management.
Here are some tips based on my experience on choosing the right accountant for you.
- Ensure that he/she is Honest and Trustworthy - to verify this, ask for clearances that proves his/her integrity and honesty from previous companies he/she had worked for.
- He/She must not be charged of any serious criminal charges like estafa or theft
- Choose an accountant who understands your business set-up and the industry you are in.
- Must be firm in implementing internal financial control policies
- Choose the one that you feel you can have strong professional relationship with.
- Flexible and open to changes.
