The key to a long and fruitful relationship with your account is to understand what your accounting firm currently does for you and what more they can do for you. They are more than just your tax accounting services provider, as they can also help you with other corporate services such as audit, payroll, financial reporting and GST.
Here’s what you need to know to get the best out of your outsourced accounting firm.
1. Ensure that you are working with the right one
A good accountant isn’t someone that you trust or know, but someone knowledgeable in your industry.
The main reason why accounting services fees vary is due to experience and connections that differ between each accounting service. Your best option is to work with an accountant or an accounting firm that has handled companies in your industry before.
More importantly, if you plan on scaling your business further, you will want to work with a firm that can accommodate your needs moving forward as well. For instance, Ackenting Group offers accounting bookkeeping services in Singapore that can meet your business financial needs. Our team of accountants are both knowledgeable and experienced in different fields, and are able to ensure that all of your financials are up to date. Most importantly, we work alongside you to find the best financial option available.
2. Ask them for business advice
Accountants can identify and pinpoint why certain numbers in your business are not performing well as compared to others, for example. If your business is facing difficulties, ask your accountant for help. You can determine which area of your business is in need of financial aid, and what is the best way to source the funding.
At Ackenting Group, our accountants understand the financial risk of your business. This is because we also offer SME accounting services to many different industries, and understand the worries that you might have when moving ahead with your business. We can help you to evaluate the best choices and take the best step forward for your business.
3. Maintain an open line of communication
Many clients make the mistake of contacting their accountants only during the filing of taxes. That should not be the case. Try to establish contact with your accountant regularly, so you can keep track of your business performance. Share your business insights and strategies so you can work together on how the business can move forward and remain financially stable.
Make use of the valuable tools and knowledge your outsourced accountant has to offer. By getting the most out of this business partnership, this gives your business a greater chance of success.
If you require any assistance on accounting services, feel free to drop us an email at firstname.lastname@example.org or contact us at +65-66358767. At Ackenting Group, we offer a complimentary 30 minutes online consultation for us to better understand your business requirements.