Here David Rodick of Beans shares his reasons that its time to choose your new financial partner… First the basics:
Does your accountant have a professional qualification?
Believe it or not, you don’t need any qualifications to call yourself an accountant. Anyone can set up as an accountant with no training at all. Contrast that with a professionally qualified accountant who will often have a university degree, followed by at least three years of intensive training. They are governed by their professional bodies that monitor their members to ensure they deliver high levels of service and meet rigorous ethical standards. If your accountant has the letters ICAEW, ICAS, CIMA or ACCA, then they are professionally qualified.
Does your accountant specialise in your particular market sector or the type of business that you have created? For example, at Beans we specialise in start-ups, small businesses and contractors. That means we understand the challenges the people running these businesses face.
Does your accountant have experience in the real world? Look out for an accountant who has spent time outside an accountancy practice as they can relate to the day to day problems of running a business. For example the directors at Beans pursued careers in the corporate world, after training with an accounting practice. This gives them valuable commercial experience to share with clients.
Does your current accountant value you?
Do they spend time to understand your business and welcome your questions?
And when you meet your accountant, who do you see: The partner or the trainee?
At Beans we always put our client at ease. Our aim is to offer the best possible financial advice in easy-to-understand, jargon-free language and at affordable prices. We don’t just count your beans, we help them grow!