Choosing an accountant is one of the most important decisions you can make for your business. But what exactly should you expect from them? And just as importantly, how can you get the most out of the relationship? A great accountant is more than just a number cruncher—they’re a strategic partner who can help your business grow. However, to get the best results, communication and organisation are key.
What your accountant should do for you
A good accountant should provide more than just bookkeeping and tax returns. They should:
- Help you stay compliant – Ensuring your business meets all tax and financial regulations.
- Offer strategic advice – Helping you understand your financial position and make informed business decisions.
- Save you money – Identifying tax efficiencies and ways to reduce costs.
- Keep things simple – Explaining financial matters in plain English, so you always know where you stand.
- Be proactive – Advising you on potential issues before they become problems.
How you can get the most from your accountant
An accountant can only work with the information they’re given. To make the relationship as effective as possible, consider the following:
- Keep your records organised – Store invoices, receipts, and bank statements in a structured way, whether digitally or on paper. This will make it easier for your accountant to prepare accurate reports.
- Communicate regularly – Don’t wait until tax season to check in. Keeping your accountant informed about business changes means they can offer timely advice.
- Ask questions – If something doesn’t make sense, ask! A good accountant will always be happy to explain.
- Use accounting software – Many accountants recommend cloud-based software like Xero or QuickBooks to streamline financial management and keep everything up to date.
- Be honest – If you’re struggling financially or have concerns, share them. Your accountant can only help if they have the full picture.
A partnership for success
An accountant isn’t just someone who files your tax return; they are a valuable business partner who can help you achieve your goals. By keeping communication open and ensuring your paperwork is well managed, you’ll not only make their job easier but also get the best possible service in return.
Looking for an accountant who truly understands your business? Get in touch with us today to see how we can help you grow.
