Your accountant plays a crucial role in managing your finances; therefore, they are 5 ways to please your accountant. When it comes to maintaining a positive relationship with them, you can immediately take to keep your accountant happy, foster a harmonious professional bond, and enable them to deliver their optimal services for your small enterprise.
Having a competent accountant can benefit your business. Here are 5 ways to please your accountant, which can help build a long-lasting, fruitful relationship with your accountant.
- Promptly communicate information
To enhance your accountant-client relationship, it is advisable to promptly share relevant information, including submitting your records before the year-end or VAT quarter, rather than procrastinating until the eleventh hour. Remember, accountants aren’t magicians or mind readers.
Establishing a robust professional rapport with your accountant can bring about several benefits for your business. By adhering to these 5 ways to please your accountant, you’ll be on the right track towards achieving this goal.
Respect your accountant’s time; even before you meet, have a thing about everything you want to ask/discuss. Make a list of what you want to cover in advance—allowing your accountant to prepare and ask you for relevant information or documents. Often objectives aren’t met because your accountant needs more information before they can give proper advice.
- Utilise accounting software.
Use accounting software. Especially the one recommended by your accountant is a valuable tool for businesses to manage their financial transactions and records. By utilising accounting software, companies can automate many of their accounting processes, including accounts payable, accounts receivable, and payroll; it also helps to minimise errors and improve accuracy.
- Be willing to question your accountant.
Remember that your accountant is there for you and your business. If you’re concerned or have questions, don’t hesitate to question your accountant to avoid cases of doubt. Remember, accountants are humans, too; errors can happen, but respectful communication can often resolve the issue.
Managing a business and its finances is often challenging. However, posing questions to your accountant can aid in identifying potential problem areas in your enterprise before they escalate.
- Ensure your accountant is up to date.
Maintain good open communication with your accountant; this is probably the most important of the 5 ways to please your accountant. Keep your accountant informed of significant business decisions, such as purchasing a major asset, opening a new branch, targeting different markets, or entering a partnership. Discussing such plans with your accountant beforehand can result in valuable tax planning advice that may save you significant money.
Waiting until after the fact to inform your accountant may limit their ability to help you reduce your tax liability. When in doubt, consult with your accountant.
- Show kindness to your accountant.
Maintaining a friendly and respectful demeanour is vital to ensure a healthy accountant-client relationship. Respond to your accountant’s phone calls and emails promptly. Ignoring essential letters, such as tax payment notices, is inadvisable. Furthermore, it’s important not to become frustrated with your accountant. Avoid disregarding crucial documents, such as tax payment notices. Also, refrain from expressing frustration when your accountant communicates your tax liabilities – this is part of their role.
Showing kindness and professionalism will help strengthen your accountant-client relationship and promote a better outcome for your business.
Being courteous and professional can enhance your working relationship with your accountant and benefit your business in the long run.
It’s important to remember that your accountant is not there to pass judgment on you, so it’s best to be as open and honest as possible with them. This will help eliminate the risk of mistakes and reduce the likelihood of legal or financial repercussions.
Now is an excellent time to change if you don’t have an accountant. You are responsible for complying with tax law and should seek independent advice if you require further information about the content included in this guide. Now is an excellent time to change. Contact one of our team here.
