Accounting – The Mistakes To Avoid

Hiring an accountant is one of the most important tasks with regards to filling up the initial staff positions of a start-up. Whilst there certainly are plenty of candidates for the job, it should be understood that any sensible employer should put care into the hiring of this specific position. Here are some of the worst mistakes to make when hiring an accountant or bookkeeper: 

  • Believing all accountants are the same – the number one mistake that employers tend to make is the belief that every business accountant is the same. The easiest way to explain the error in this train of thought would be to inquire into whether every company is the same. The answer is simple: they are not. Whilst all companies are related to the business industry, the services or products they provide are hardly the same, and even if the same product or service is provided, there are differences to be seen. The case is similar with accountants and bookkeepers: different candidates have different strong points and specializations. An accountant Maleny that had previous experiences in the field you are working on can definitely be a greater asset than a more experienced accountant who has never worked in your field before. As such, pay attention to the specifics of each accountant.
    • Sticking to local services – technology has made many things possible nowadays, including the ability to make use of distant services. Whilst in the past, making use of services that were located in other districts, or even countries, was almost unheard of, today, the situation is starkly different: the advent of the internet and high-speed connections have made it possible for companies to rely on business process outsourcing that is based in remote locations. As such, do not be limited in your search to companies that in the vicinity of your business. If you are in need of specialized bookkeeping services, do not hesitate to search for companies beyond your usual range of business activities.
      • Not having a dedicated accountant – this point is not relevant to businesses who hire in-house accountants, as these will definitely be dedicated to the business’ accounting and other related work. When it comes to hiring external accountants for your services, an important point to keep in mind is to find out whether the accountants who work for you will regularly change or not. If the same accountants work for you, they will most certainly be able to acquaint themselves with the specifics of the business, whereas different accountants will need time to adjust themselves every time. The dedicated accountants can of course work for other companies, but the point is that the same accountants should be working for you when you request their services.