How would you define a good accountant? Would you rate a professional in terms of his/her knowledge, skills, speed of work, or personality? Well! Honestly, there’s a lot more than financial skills and accounts management that goes into making a good accountant.
Check this list of traits you should look for in an accountant besides accounting skills and experience:
- Honesty and transparency
- Good communication skills
- Organized and efficient
- Easy availability (in case you are not hiring a full-time accountant as an employee)
- Meticulous and thorough
The Significance of a Good Accountant
Since an accountant will guide your business through budgets, planning, and taxing, having a good one can make a business and vice versa.
- A business needs an accounting specialist to understand if the finances and budget are aptly assigned. Any discrepancy can drastically hurt growth and management in the long run.
- An accountant will not only do the taxes but do it right. Imagine claiming less than what you are eligible for. A good professional will guide you through the process and make sure you are under the least liability and the maximum profit.
- Even though an accountant prepares a plan, the final call will always be yours. Communication skills play a major role here as the professional needs to explain the trends, expenses, adjustments, and everything else proposed. A clear and confident presentation can be a differentiator for your business.
- Refunds, allowances, tax breaks, credits, and there’s a lot more to deal with while doing taxes. A good accountant will reduce all the hassle and do everything in an accurate and timely manner.
To conclude, a lack of financial knowledge can be detrimental to your business. However, a professional Toongabbie accountant can bridge the gap, leading your business to favourable outcomes.