What should a good accountant actually do?
It's more than preparing your accounts and submitting your tax return.
A good accountant should do more than tell you what happened last year.
They should help you understand what is happening in your business now, and help you think about what comes next.
That means keeping your records up to date, understanding your business, communicating regularly, provide information to make better decisions and helping in every way possible to help save you time, so you can run your business.
Take Away The Stress
Running a business creates enough things to think about without worrying about whether you've sent everything your accountant needs or whether a deadline is approaching.
Your accountant should help keep things moving — chasing information when needed, keeping your records up to date and making sure important deadlines don't become last-minute problems.
The aim is simple: less financial admin for you, and more time to run your business.
Keep You Informed
Good communication shouldn't mean hearing from your accountant once a year when your accounts are ready.
You should know where things stand throughout the year, from your current financial position and upcoming tax liabilities to anything in your accounts that needs attention.
Your accountant should be available, communicate clearly and keep you informed before something becomes a problem.
Help You Understand
Accounts and tax can be complicated enough without being presented in complicated language.
A good accountant should explain things clearly, so you understand what your numbers mean and why something matters to your business.
You shouldn't need to be an accountant yourself. It's our job to understand the numbers and make them understandable to you.
Tell You What You Can Do
Running a business means navigating a huge number of rules, allowances and financial decisions.
A good accountant should help you understand what is available to you, what isn't, and what you need to consider before making a decision.
They should help you plan ahead, make sure opportunities aren't missed and keep you on the right side of the rules.
So, What Does A Good Accountant Look Like?
Someone who takes the financial stress away rather than adding to it.
Someone who keeps you informed rather than leaving you wondering.
Someone who explains things rather than hiding behind jargon.
And someone who helps you understand your options before it's too late.
Your accountant should know your business, understand your numbers and be involved throughout the year.
That's what we believe good accountancy should look like.
Find out “Why Ledgerly” does it different →
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