The Business Accountant And Their Skillset.
Posted On: 28/06/21 - 0

Business Accountant

Hiring an experienced business accountant is one of the most important tasks of any business organization. Improper accounting can cause you to lose more money than you make. Similarly, in the business industry, financial management is the most important responsibility in your business. Transactions generally go on in a business at least 5 days a week. Great accountants are used to handling a huge number of entries and transactions every day in a business. Corporate accounting is a specialized field of work and requires varied experience given the vast amount of industries there are in business.  Ask the right questions when looking to hire your accountant.  It is important to the success of your business.

Hiring The Right Accountant For Your Business

For the best results, hire an accountant who owns their own business.  Who better to partner with than another entrepreneur that owns their own accounting business? Entrepreneurial knowledge of business greatly helps the tax specialist in adapting to your business accounting requirements.  You want to hire someone who understands owning a business and walks the talk.  Ask then how long they have owned their own business.

Make Sure Your Professional Accountant Has The Right Type Of Experience 

Small businesses are the lifeblood of any economy. Large numbers of transactions and financial statements are produced every day by an active, thriving business. An accountant working in the corporate business sector should have excellent capabilities to manage such significant amounts of data and transaction entries. Problem-solving skills are a must for a professional in the accounting industry. Your accountant should also be able to provide practical business solutions to you as a business owner.  Business development advice, tax planning and tax returns are also a big part of the skill set of a qualified business accountant.

Risk Management, Compliance and Accounting

Any designated accounting professional working in the small business industry must be able to manage risk, otherwise it could be devastating to your business.  An accountant needs to be able to manage wisely and understand the everyday workings of a business.   Make sure that your accountant carries errors and omission insurance, otherwise you have no protection if your accountant makes a considerable mistake.

Technical Expertise 

Technical expertise is essential for accountants to perform their daily tasks. This is necessary to meet all of the requirements and expectations of their business clients. Is your accountant experienced in your industry?  Do they have other business clients?  Does your accountant have a professional designation that is current and in good standing? What accounting software does their practice use?  Nowadays, there are accountants that offer digital services.  This makes things so much more convenient for you the business owner.  

Accounting for a corporate business is a demanding job.  As an entrepreneur, you need a professional who is able to manage and navigate your business numbers wisely.  Look for an accounting service that is just as passionate about the success of your business as you are.

If you are currently looking to hire a qualified, designated and experienced accounting professional for your business, give us a call today. Ask for Cheryl, she will be able to answer all of your questions and address any concerns you have.

12203-107 Avenue.
Edmonton, Alberta.
T5M 1Y9

Call us:
780.482.7297