Factors to Consider While Choosing an Accountant for Your Business

Business owners need accountants in Mandurah WA to maintain their accounts and save their time. While planning to choose an accountant, you need to make sure to choose the right one. The right person will save you time and money year after year. Here, we have mentioned a few factors to consider while choosing the right Mandurah accountants.

How does the firm secure your data?

Before you sign a contract and start transferring all your financial data to a professional service provider, make sure your potential new partner has processes in place to secure this data. Encrypted emails, locked files and secure web portals are all common options that accountants can use to protect client information.

What does the firm charge for its services, and how will you be billed?

Some Mandurah accountants charge by the hour while others might provide a list of services offered for a flat fee. For example, a CPA may agree to review your business plan and provide feedback on it for a single fee. In other cases, you may be able to retain accounting services, which means you pay a certain amount upfront or per

month to consult with the CPA or benefit from his or her services as needed. Get pricing and fee structures in writing, as they can be confusing, and ask questions if you’re not sure how the fees and billing will work.

secure data

How does the accountant or firm prefer to communicate?

The right answer to this question depends on you. Some small business owners prefer monthly or quarterly phone calls or face-to-face meetings with professionals, while others are content to communicate via email for the most part. Make sure you choose an accounting firm that is willing and able to accommodate your communication preferences within reason, as this reduces the chances of misunderstandings or lost information.

What type of credentials and references does the accountant have?

You probably wouldn’t hire a full-time employee without checking their references, so do the same with professionals you agree to work with. Read reviews about the accounting firms in Mandurah online and ask for testimonials from previous clients. You can also start your search by asking for referrals to accountants from people in your business network, such as your vendors or other partners.

Has the accountant worked with business in your industry?

Money management issues do vary for each industry, and in specialty or highly regulated sectors, the laws about financial management may be unique. Working with a CPA that understands your industry can reduce a lot of communication misfires and increase your accountant’s capability to assist you.