10 Tips for Finding a Good Accountant

February 17, 2023

A good accountant is like a superhero in a suit, quietly working behind the scenes to save the day. They’re the unsung heroes of the financial world.

They possess unique skills that allow them to navigate the often murky waters of finance easily. They’re meticulous, methodical, and endlessly patient. They pour over spreadsheets and financial statements with the same level of intensity that a detective might use to solve a case.

But it’s not just about numbers for them; a good accountant understands that behind every balance sheet is a story. They listen intently to their client’s goals and aspirations and use their financial expertise to help them achieve those dreams.

They’re like a trusted advisor, always there to provide guidance and support. And when the going gets tough, they’re the ones who roll up their sleeves and get to work, tirelessly crunching numbers until they find a solution.

In short, a good accountant is an invaluable asset to any individual or business looking to make sense of their finances and achieve financial success. The question is: How do you find a good accountant? Let’s find out!


Skills Accountants Must Have

Before diving deeper into how you can find a good account, let’s first understand their skills.

A good accountant should possess a wide range of skills to excel in their profession.

  • Firstly, they should have a strong understanding of financial principles, including accounting principles, taxation laws, and auditing standards.
  • They should be detail-oriented and able to work with numbers accurately and efficiently.
  • They should also possess excellent communication skills to explain financial information to clients and stakeholders.
  • Additionally, a good accountant should be able to think critically and problem-solve when faced with complex financial challenges.
  • They should also have a high level of ethical standards, as they are often handling sensitive financial information.
  • Finally, they should be adaptable and able to stay up-to-date with the latest trends and technologies in the financial industry to remain competitive and effective in their work.

How to Find a Good Accountant?

Now that you know what skills a good accountant must have, let’s look at how you can get a good accountant for your business.

Here are some detailed tips to help you find a good accountant:

Determine Your Needs

Before you start looking for an accountant, determine what services you need. Are you looking for help with tax preparation, bookkeeping, or financial planning? Knowing your specific needs will help you find an accountant with the right skills and expertise.

Ask for Referrals

Ask friends, family, and colleagues for referrals to good accountants they’ve worked with in the past. Referrals can provide valuable insights into an accountant’s professionalism, reliability, and overall quality of work.

Check Credentials

Ensure that the accountant you’re considering has the proper credentials, such as a Chartered Accountant (CA) license or Certified Public Accountant (CPA) license. You can verify an accountant’s credentials with your country or state’s national organizations.

Look for Experience

Look for an accountant with experience in your industry or with similar clients. An experienced accountant can provide valuable insights and expertise to help you achieve your financial goals.

Check for Professional Affiliations

Look for an accountant who is a member of a professional organization. Membership in these organizations can indicate a commitment to professionalism and staying up-to-date with industry standards. Some examples of such professional organizations are:

  • USA – American Institute of Certified Public Accountants (AICPA) and American Accounting Association (AAA)
  • India – Institute of Chartered Accountants of India (ICAI) and Indian Accounting Association
  • UK – Institute of Chartered Accountants in England and Wales (ICAEW) and Consultative Committee of Accountancy Bodies (CCAB)
  • Canada – Chartered Professional Accountants of Canada (CPA Canada)

Evaluate communication Skills

Evaluate the accountant’s communication skills during your initial consultation. A good accountant should be able to explain financial information in a way that’s easy to understand and be responsive to your questions and concerns.

Evaluate tech-savviness

In today’s dynamic digital environment, accounting and bookkeeping have turned digital. Thus an accountant must possess the necessary skill set to know various accounting software that could be best suited for one’s business.

Look for a partner

Don’t just look for an accountant. Look for a partner who will guide you and advise you. A qualified CA or CPA has the potential to become one of your most valuable business allies.

Ask the Accountant whether they can provide you with advice on how to build your company and establish objectives, and take into consideration their work schedule and their preferred methods of contact.

You should also consider their personalities and ensure that you are the kind of customer they would truly want to deal with.

Find a specialist

It is difficult enough to locate a decent chartered accountant (CA) or certified public accountant (CPA), but you really must look for a onewho specializes in your field of employment.

For instance, a real estate accountant is likely to know a lot about particular legal perks, but a typical accountant who doesn’t specialize in real estate may not be up to speed with them.

Finding a competent accountant may be accomplished in the most timely and labor-saving manner by working with a specialist who focuses on a certain field.

Check for confidentiality

Despite the fact that this is a quality that might be difficult to evaluate, you should never lose sight of the fact that your accountant is working hard to keep your financial information private and secure.

If you overhear your accountant discussing the business of one of their other clients, you can be sure that they will also talk about your company with other people. Regardless of how much you like working with your accountant , protecting your privacy should always be your first priority.

Consider fees

Consider the accountant’s fees and how they’re structured. Some accountants charge an hourly rate, while others charge a flat fee. Be sure to ask for a detailed breakdown of fees and services before making a decision.

Wrapping up

Finding a good accountant can be a daunting task, but it’s important to take the time to find the right person or firm to handle your finances. After all, they will play an important role in growing your business. And with their financial insight, you may be able to expand faster than you thought!

We are optimistic that after reading this blog, you are well-equipped to find a good accountant. However, if you are still confused, why not speak with expert accountants from GJM & CO.?

Our accounts will answer your questions and help you understand what kind of accountant your business needs. They will also help you with managing your finances, accounts, income tax returns, and more.

Should you have any queries or need consultation, Schedule a Call today or write to us at info@gjmco.in.