It’s that time of year again. A number of my clients are ready to fire their accountant and find a new one. Why is this a recurring event?
I’m not an accountant, but my experience tells me there are two reasons. First, accountants speak a slightly different language than most business owners. They speak Tax Accounting. When it comes to the numbers, most of us speak Managerial Accounting or some other financial dialect.
Second, the business owner often fails to make his or her expectations of the accountant clear. As a result, they do not receive the accountant’s commitment to meet those expectations (or, if they do and it’s received verbally, there is still no real understanding).
Here is a short checklist of questions to review with any firm proposing to be your accountant: Continue reading