How to get the most out of your accountant
Contributed by: Berley

Working with an accountant can be intimidating, especially if you’re already uncomfortable around numbers.

But this is exactly why accountants can be useful; they understand the numbers and know how to help you make the most out of your finances, whether that be in a business capacity or a personal one.

Before hiring an accountant, it’s important that you think about how you would want your accountant to help you and how much work you would like them to take on. With this in mind, you can approach an accountant, like Berley, and start working together!

Do I really need an accountant?

There are a number of reasons why you would want to hire an accountant, from helping you with your business accounts to giving you personal advice on your finances. In particular, accountants can help you to:

  • Prepare annual accounts
  • Deal with tax returns on your behalf
  • Sort out corporate and individual tax, as well as VAT
  • Create financial budgets
  • Offer financial advice, particularly with regards to investments, loans and funding options

Getting an accountant to help you manage your finances means that the stress of doing the work yourself is alleviated. Using an accountant gives you more time to focus on the other things that are important to you, especially because you know you have left the work in the hands of the experts.

So, how can you get the most out of your accountant?

  • Choose the right accountant
    Look for an accountant that’s a good fit for what you need. Choose someone who has the skills and resources to help you and your business in particular. Ultimately, you will be working closely with your accountant, so you need to select someone who you like and trust.
  • How much work do you want your accountant to do?
    Most accountants charge hourly, so to help your business be more cost efficient you should take the time to think about what tasks you’d like your accountant to take care of. Ideally, your accountant should deal with the more challenging financial tasks, such as filing tax returns and applying for funding opportunities.
  • Organise your financial records
    Keeping your records organised is key to ensuring that your accountant is able to help you in the best way possible. With clear records, your accountant will spend less time analysing your accounts and more time focusing on how they can help you be more financially secure.
  • Work with your accountant throughout the year
    Having a good working relationship with your accountant is important. Check in with them throughout the year to ensure that they are aware of how your business is progressing. Your accountant can also keep you up to date with any laws that may have changed throughout the year, and help you to stay on target for your business goals.

Use Berley for your accounting needs!

Berley are chartered accountants that can work with you to provide tailored financial advice and assistance. We have the skills to help your business – regardless of the size – move forward and we can help you to secure your future financially.

With Berley you can be sure to have access to advice as and when you need it. Our easily approachable accountants are always available to answer your questions and to explain difficult terms to you if necessary.

For us, it’s crucial that we have a good working relationship with you. This will help us to learn about your business and to understand what you need from an accountant to help you progress. Through this, we will be able to offer you specific advice relating to you and your business.

Berley can be the accountants you’re looking for! Call us today on 020 7636 9094 to find out how we can help you make the most out of your financial situation.

Found this interesting? Read ‘Getting the right accountant’ to learn how to choose the right accountant for your needs