Finding the ideal accountancy partner – what to look for

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Whether you are an established business or a start-up, choosing the right accountant is a key component to success. After all, this is the company who will be responsible for your business’ finances, so it’s crucial that you are confident in their abilities.

But what exactly should you be looking for in your ideal accountant? Worry no more, below we will take a look at some of the key areas you should consider when choosing your accountancy partner…

Their expertise

No two industries operate in exactly the same way; therefore you should ensure your chosen accountant has experience working within your specific sector. A great accountant will have worked within a wide variety of industries during their time in business, and therefore will not only understand your business’ requirements but they will also be able to benchmark your performance against others within your industry and provide guidance.

Their qualifications

Choosing an accountant that has the right qualifications is vital to ensuring they provide value to your business. Chartered Accountants are highly qualified professionals who have undergone significant study and workplace training.

Their service offering

The best accountants won’t just support you with your accounts, they will also provide their expert guidance and advice on a wide range of business topics that will ultimately help your business to grow and thrive.

Their software

Extensive knowledge of leading accountancy software packages separates the adequate accountants from the expert accountants. They should have enough knowledge of software such as Xero, QuickBooks, Sage and FreeAgent to be able to assist in their set up or migrate from another package, as well as train relevant team members in your business how to use them to their full potential.

Their location

Whilst the past 18 months have shown that businesses and their suppliers can operate effectively on a virtual basis, when it comes to your accountant however, many still opt for a face-to-face relationship. Not only does this make it much easier for them to get to know your business and vice-versa, it also supports the local economy.

If you are looking for a leading accountant in Chester or Wrexham, speak to the team at Ellis & Co. today to find out more about our services and how we can help to take your business to the next level!