Did you know around 20 percent of small businesses end up failing in their first year? Poor finance management tends to be a major factor. If you want to find a reputable small business accountant, we can help.

In this guide, we’ll go over small business accounting and how to choose a decent accountant.

Want to learn more? Keep reading.

1. What Do You Need?

Before you pick an accountant, you’ll need to understand what you seek in an accountant. What kind of services will you need for your small business?

Do you need someone to take care of bookkeeping or monthly financial statements? Sometimes, you’ll have to hire a bookkeeper or a non-certified accountant.

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If you need to get tax returns prepared or audited financial statements, you’ll need a CPA.

2. Ask Your Network for Recommendations

When searching for an accountant, ask your colleagues for a referral. Some people will share who they would recommend you choose as an accountant.

If you can’t get recommendations, start searching online to find some reputable accountants. Search different accounting firms and go from there. Business accounting is a crucial aspect of any firm or startup and that is why it is important to hire the right person for this job.

You will be able to create a small list of potential accountants with this method.


3. Prepare Some Questions

Before you call or meet with the accountant, you’ll want to prepare some questions. Make sure you ask about the billing rates and how the accountant calculates the rate.

If you have a short question, will they bill you over the phone or for email advice?

Find out about their email or phone policy. This way, you know how to contact the accountant if you have a pressing question.

You’ll want to find out how much the accountant charges for a primary business tax return. You should bring in last year’s return so the accountant can come up with a rough estimate.

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You’ll want an accountant who’s familiar with your business and your tax situation. For an internet business, you’ll want an accountant who has experience with eCommerce.

Do you do work in different countries? Find an accountant who has experience with international tax issues.

4. Gather Information About the Accountant

Once you have a list of four or five accountants, you’ll want to contact them to discuss their services.

When you call an accounting firm, let the receptionist know what you do. Ask for an accountant who has experience.

Ask the different accountants about their education. Do they have experience in your industry?

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Check with their association and find out if their qualifications are valid. You don’t want to work with an accountant who has disciplinary issues.

5. Meet the Potential Accountants

You should make it a priority to meet with your top choices. You’ll get insight into what it will be like working with the professional.

You’ll want to see if they communicate well and if you feel comfortable with the accountant. When picking an accountant, you’re looking for someone who will work with you long-term.

An accountant will help you and your business succeed.

6. Ask About Small Business Experience

Make sure you steer clear of massive accounting firms. Look for someone who works with small businesses and within your industry.

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Some accountants who have industry-related experience will understand particular challenges. They’ll know how to guide you when making financial decisions.

7. Will You Need a CPA or an Accountant?

Most small business owners will manage their taxes by themselves. A lot of business owners will use bookkeeping software like Sage or QuickBooks.

You might want an accountant to handle payroll, accounting, and tax responsibilities. Consider if you’ll need a CPA or a firm to manage your business needs.

8. Check Out the Accountant’s Social Media

A lot of accountants tend to be active on various social media platforms. You should search for the name of the accountant you’d like to hire.

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Make sure you check their profile. On their LinkedIn profile, see if other clients recommended the accountant. Read online reviews. You will understand the accountant’s customer service.

9. Find Out About Accounting Software

You should ask about the software the accountant would recommend small business owners use. Some accountants might still be using old accounting software.

You want to find an accountant who has invested in the latest accounting software. This way, you can imagine growing with the accountant over the next few years.

An accountant should also teach you how to use the software and set up your chart of accounts. Ask if the accountant will help you learn your accounting software and if they can get you a discount.

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10. What About Cloud Technology?

A lot of accountants have switched over to cloud computing. Cloud computing is more secure and is flexible to use. There’s remote data accessibility and features like electronic invoicing.

You will want to access your accounting data at any point. If the accountant has cloud services, they can access the data easily. Your accountant should also be available to talk about different matters.

Find an accountant who can meet your specific needs as a small business owner. Hire an accountant who will help you and your business succeed.

Now You Know How to Find a Small Business Accountant

We hope this guide on finding a small business accountant was helpful. Consider asking your business colleagues for a recommendation.

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Make a list of potential accountants, and ask them about their rates and experience. Find an accountant who has experience working with small businesses in your industry.

Are you looking for more business tips? Check out our resources on the blog.


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