A good accountant is an important partner in your success.

Is your accountant providing the right information to you? If the answer is YES. Good show!

What tells you he or she is performing well?

In this message, you’ll learn the qualities you need to seek when shopping for an accountant and which responsibilities should you delegate to him or her. A healthy business relies on the good services of a competent accountant.

Things to look for:

1. A partner in your success.
2. Someone more than a simple accountant, a consultant.
3. A person available when you are.
4. Not necessarily a large firm.
5. Someone who will tell you how much it will cost per year after he or she tells you what they can do for you.
6. A person who is willing to invest some of his time to learn the ropes of a photographic studio.
7. Explanations to help you understand your financial situation and advices on how to save on income taxes.
8. A detailed monthly report of sales and expenses with % of total sales for each line item. A comparison to the previous year is a needed plus. This report should be available on or before the 15^th of each month. This report outlines precisely different categories of sales and expenses and not only a lump sum for sales
9. Your yearend report provided within 3 months of your year end.

Be ready to pay the fair price for this service. You want top dollars for your service and you are willing to go the extra mile for your client, so expect the same. Normally, a good accountant will pay for itself during the year in savings and in advice to avoid mistakes.

Things to look for every month:

• Control expenses of greater impact on the business; (wages, equipment)
• Control the amount of hours billed per week, per month.
• Control overtime if applicable

Choose your Accountant: 9 points or questions to know

1. Choose an accountant as you would choose a partner.
2. If he or she asks you to visit them at their place of business, don’t go.
3. First question: What can this person bring to your business?
4. Is he or she willing to partner with you in your growth?
5. Does he or she want to know your development plans?
6. Is he or she open to meet with marketing specialists, make a team with me?
7. Can I count on your support to meet whenever necessary, outside business hours?
8. Can I count on you for advice in important decisions? Equipment purchase, real estate etc.
9. Are you able and willing to guide me during tough periods even if you have to shake me a bit?

The following information will be useful to know:

• Understanding financial terms
• Pay Yourself a Salary

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