I come across a lot of business owners and there is one thing that always strikes me. Some people would say that they do not really need an accountant if they are running their company, but this is just a huge mistake.
An accountant is a valuable piece of every company. They provide bookkeeping services, they can handle all of your financial reporting needs, and they can also give sound pieces of advice that will help improve your company’s operations. You could say that an accountant is the right business partner.
That being said, if you are convinced in getting one for your company, how do you exactly choose the right one? For starters, I highly recommend accounting service companies in Malaysia since they are highly regarded in the field. And also, you can read this article to find out some tips as well.
Location Doesn’t Matter
Back in the day, it would be a very important consideration that the accountant is near your company’s location so that they can work in house. But, thanks to modern technology, that is no longer a requirement.
There are a lot of business owners that hire accountants and they conduct their businesses online through cloud accounting technologies.
For instance, if you want the accountant to create books of financial statements for you, they can easily do that and they will just send the file to you via the internet. Pretty amazing, isn’t it?
You basically have to find one that has good reviews, especially if you are looking to outsource your accounting services this way.
CPA or Chartered Accountants?
Although there are very talented accountants that do not have certifications, I highly recommend that you get at least one Certified Public Accountant or CPA. Perhaps, in your quest to find the right accountant for your firm, you might come across Chartered Accountants as well.
Chartered Accountants are those that are highly specialized in a certain field. They are the ones that have completed mandatory education pertaining to accounting and then some.
As to which one to choose, you could do away with hiring CPAs, but if your company employs complex processes, I suggest that you get Chartered Accountants instead.
Go with an Accountant with Relevant Skills and Expertise
It is important that you go with an accountant that has relevant skills and expertise. For instance, if you are running a small business, find one that has experience helping small business owners in the past as they know how the industry works and can provide much better services.
Of course, you also want one that can provide normal accounting services such as bookkeeping, consultation regarding financial policies, and so much more.
Ask for Referrals
If you are a business owner, chances are that you also have business partners and friends who also have their own ventures as well. You could ask them for referrals because their inputs can be highly valued, given that you are friends with them.