It might be easy to be the CEO, the manager, and the accountant of your firm all at the same time when your business is just starting. But alas! It has grown and earned. It is something good, but this also means you would need professional help in some areas, like accounting.
There are two types of accountants that you can choose. Outside accountants refer to any accounting firms in Auckland. They handle the preparation of financial statements and tax returns and plays a huge role in finding solutions to your company’s financial problem. Inside accountants, on the other hand, is responsible for handling the company’s daily transactions, payroll accounting, cash management and tax maintenance, among others. The kind of accountant you need depends on the size and the type of your company.
A Certified Public Accountant (CPA) and a Certified Management Accountant (CMA) are two types of accountants you would encounter. Both have finished an undergraduate degree and is required to have continuing education in order to keep their license. A CPA can help a company manage financial matters (i.e. tax advice and returns). A CMA, on the other hand, can help in managing internal financial matters and control.
A good accountant should have had years of experience. Specialisation should also be taken note of. An accountant that does not specialise in your area of business might not be of much help to your company regardless of his academic background and experience.
Value to company
A good accountant is no one who would not only help you with the books but is also able to help you in handling the company’s complex financial matters, notes an expert from Accounting North Ltd.
Use these helpful tips to find the right accountant for your business. Choose wisely. The right accountant would be able to help you and your business in a lot of ways.