Business owners want every aspect of their business to run as efficiently as possible in order to prevent wasting valuable time, money and resources. They organize finances, keep books/records updated, and establish company policies/procedures in order to make accurate decisions about the future of the company. As a business owner one needs accurate and detailed financial statements to be able to make the good decisions. Financial statements may validate an owner’s belief that a business is doing well or it may tell you a different story about the business as whole.
In order to create more time for management to expand operations, increase efficiency, improve organization and find adequate staff, you need someone who has the proper skill set that will help you pursue and implement your business plans. An article from Box Free IT offers some useful advice and lists some qualities your Glendale accountant must have:
Must be qualified and certified
Accountants who file reports to the Securities and Exchange Commission (SEC) are required by law to be licensed as a Certified Public Accountant (CPA). All must pass their state’s four-part Uniform CPA Examination from the American Institute of Certified Public Accountants (AICPA). Moreover, several states require CPAs to take continuing education to keep their license.
Most competent Glendale accounting professionals seek certifications from a variety of societies to further enhance their specializations. Accountants can pursue accreditation in business valuation, capital structures, risk management, working capital policies and accounting information technology.
Must know a broad range of functions
Accountants can offer more than annual fiscal reports, payroll management and tax returns. Besides auditing fiscal data, they can suggest efficient ways to reduce your overhead expenses, to enhance your revenues, and to improve your profits. They can also analyze various cash flow systems, review your financial records, and go through all your statements for proper checking.
Must give the best advice, not the easiest
As an entrepreneur, you’re always looking for better ways to improve your business systems. A good accountant must share your dynamic vision and help you assess business processes, especially financial operations, and identify different issues to recommend the most suitable tactical business solutions for you.
Must have personalized attention
Reliable accountants know that each client is distinct from the other. You must select an accountant who listens attentively to your issues and customizes their services to match your needs and requirements. These people offer insightful advice to aid you in making informed decisions regarding your business.