A business accountant’s main job is to plan to strategist the taxation of a business. Financial records must be well maintained in a business system to avoid significant confusion. A business accountant is well aware of the amount payable, the amount receivable, the profit and loss, the cash flow, assets, and liabilities of a business. A business accountant is responsible for maintaining the financial statements of a company. Other roles of a business accountant include handling the payroll of other employees, management consulting services, assurance services, etc. For a small business, it is best to micromanage and take care of weekly expenses rather than working on the whole monthly or yearly financial records. The following are some of the best ways to find the best Business Accountant for your small business.
Business accountants for small businesses:
Small businesses generally don’t require a lot of tasks when it comes to accounting and auditing. The following are some areas to look into if you are a start-up owner. If your business is a product-based business with customers, keep a clear record of all the orders, money transactions, and the supply of your product. There are many online record-keeping services like https://quickbooks.intuit.com/accounting/, which are specifically designed for small businesses and start-ups. If you prefer manual recording or Microsoft Excel spreadsheets for recording transactions, it is acceptable as well.
Proper naming of all the documents is necessary while doing it manually. It is essential to keep track of all the amounts to be paid to the suppliers before the due date. Also, creating a projected cash flow for the business is also vital to manage the supplies. These simple tasks generally don’t require expert help from big accounting firms. Nowadays, there are a lot of financial freelancers with the knowledge to carry on the accounting tasks of a small business firm or a start-up. If the job requirement is for a short period of time, then you can look for freelancers with specializations in business accounting. Nowadays, there are multiple online platforms for accounting. If the job is a full-time job, look for professionals with work experience and professional certificates. Follow the steps given below and visit here to hire senior accountant recruitment.
Inquire your business circle:
This is a very reliable way to hire a business accountant. Generally, business accountants manage multiple businesses and work in different companies simultaneously. It is advised to get the help of your business peers and friends to find a good business accountant. Find referrals from your business circle and list down all the potential candidates. It is also advised to get the information personally rather than from an unknown business firm. This method is a traditional and conventional method to hire and recruit employees. One advantage of this method is the high credibility and assurance.
Accounting firms:
There are many accounting firms that provide business accounting services with their wide range of business accountants suitable for different domains and fields. Accounting firms are a better option if you feel like you need a customized business accountant specifically for your small business. Accounting firms also help in the process of reaching out to potential clients. One major disadvantage is the fact that accounting firms tend to have multiple clients. So your small business will be one of their clients and not an exclusive client.
Another major disadvantage is accounting firms, and other corporates are a bit pricey with regard to a small business or a start-up. Some top players in accounting include Deloitte, Price water Cooper, Ernst & Young, KPMG, etc. Apart from these global players, there are a number of local audit and accounting firms. They are much more reliable and supportive as compared with the other big accounting firms.
Online recruitment:
Also, you can post a job opening with all the credentials on job-finding websites for better outreach. This method is a bit of an unconventional approach rather than asking around for referrals. The key points to note while posting a job opening on online job-finding websites are to clearly mention the fundamental requirements of the job and to provide a brief job description with all the roles and responsibilities. Also, the eligibility criteria, degree certifications, required skill sets, previous experiences must be clearly mentioned. Always tell the applicants to send their Curriculum Vitae via e-mail. The resume and Curriculum Vitae will significantly help to shortlist a candidate based on their profile. Once the applications are received, create a listing with all the desirable candidates.
Shortlisting candidates:
Shortlisting candidates is generally quite difficult. Look for profiles that match your business profile. There are various accounting designations like Chartered Accountant, Certified General Accountant, Certified Management Accountant, Bookkeeper, Chartered Professional Accountant. The critical difference between a bookkeeper and an accountant is their primary function. The primary job of an accountant is to plan and strategize the business. On the other hand, Bookkeepers maintain all the financial records of the business. Set a clear goal while recruiting a business accountant.
You can also do a little bit of background check by looking into their LinkedIn profiles and other social media profiles to check the authenticity of the person. Nowadays, online frauds are increasing due to misleading content posted on profiles. Once a considerable number of candidates are shortlisted, try to contact the individuals via LinkedIn. Try to be clear on the duties and expectations from your side while delivering the information. The interviews can be in online mode via a video conference due to the current situation. Many interviews are nowadays conducted in an online mode rather than direct physical interviews.
Schedule a Personal Interview:
Once you have a list of shortlisted candidates contact them directly via their e-mail or mobile phone and schedule an interview. Before the Personal Interview, you can create a questionnaire with all the necessary inquiries. The questions can be a combination of professional questions and situation-based questions. These situation-based questions will help to estimate the soft skills of the candidate. Never forget to discuss the salary aspects and the expectations of the candidate. Discuss with your prospective business accountant regarding their views as well. Before recruitment, clearly explain all the prospects of your small business, your business’s current financial records, etc. Once your PI is done, you are good to go and recruit your business accountant.
Conclusion:
While looking for the best fit for a job, it is essential to analyze the requirements of the job and match the profile with the right person who would be a good fit for the role. Small businesses and start-ups generally don’t have an extensive Human Resources department. The majority of start-up owners tend to handle all the financial records themselves. But sometimes, a helping hand is required to manage the financial statements and records. To document the company’s transactions, to file the tax reports, and to manage the future projections of the cash flow of the company. In such cases, as stated earlier, a freelancing professional accountant is more than sufficient than a full-time business accountant from top accounting firms. This will be a much more cost-efficient process to hire an accountant.
