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Accountants care for their client's money through proper management and allocation of resources. Every industry that deals with financial transactions need an accounting associate. Companies and even individuals who are too busy choose to engage an accountant.
Accountants are vital to businesses, whether they are big or small. These professionals help you track where your money goes, avoiding loss and discrepancies. The data gathered by accountants are also crucial in business decision-making.
Small businesses choose to hire freelance accountants because of how low they charge. Due to the internet, freelance accountants are more accessible, unlike others. Modern software online made it easier for accountants to work outside.
The advantage of hiring a freelancer is that you have a massive roster of professionals to work with anytime you need such. Here in 24Task, our goal is always to ensure that you hire the best freelancers for your ventures. We've compiled for you tips on how to hire an accountant for your next project.
Why Do You Need to Hire an Accountant?
Accounting is vital to clients because it evaluates the performance of the business. Data gathered help in the planning and future transactions that the company decides.
Due to poor accounting, many new and small businesses fail in their first year of operation. Proper financial management can provide business owners with the necessary data for development.
The owner’s understanding of financing their business is the key to growth. Accountants help their clients by translating complex information for straightforward interpretation.
Top Skills to Look for an Accounting Associate
Like most accountant job descriptions, check if your applicant has the following skills. The goal of an accountant is to translate complex financial info to their clients. They also work with team members, so they must have interpersonal skills. Here are some professional skills that you might check with your applicant.
- Writing skills
Your accountant does not grind numbers and prices only. A practical accountant also knows how to present complicated figures in simple terms to ensure that team members can understand them.
- Time management
An accountant juggles a handful of tasks which dictates efficient budgeting of time. Working within due dates and prioritizing tasks based on urgency and regularity can boost the team's productivity. He is free from the stress of time in the workplace and maintains a healthy work-life balance.
- Critical thinking
Problems will always occur in the workplace. An accountant still deals with inaccuracies that will cause more significant issues if handled in a later period. Problems left unchecked lead to matters that affect the company. A professional must be critical to consider all risks that could develop.
- Software proficient
Accountants are now relying on advanced online software for doing tasks. Spreadsheet, as an example, is what most accountants use to make their job more doable. The applicant must be proficient in this software to make his job easier and organized.
- Analytical skills
An accounting job requires checking every detail of a financial record. Your application must be keen on small info to avoid discrepancies and problems. If an accountant is not meticulous enough, it yields errors affecting their clients.
Choosing Your Accountant
It is not easy to find a perfect accountant. Each applicant differs from their experience, mastery, and background. The company should make the final call whether the applicant is ideal for the job. We have some pointers for you on how you can narrow down your best candidates.
- Qualifications
Each applicant has varying qualifications. It is up to you to decide if the applicant matches the requirements that you seek.
It is a must to take note that not all accountants are CPAs. There's a difference in the service that certified versus a non-certified can offer. You can also check if the applicant has prior experience in the kind of job you are expecting. Some applicants already have a strong foundation because of the various seminars attended.
- Services
Before choosing, it is crucial that you already know what kind of service you need. Your accounting professional will handle the areas where you need it the most.
Again, there's a difference that a certified vs. a non-certified accountant can do. Audited Financial statements are one of the services that a CPA can only offer.
- Background
Be sure to ask your candidates' references for their prior work. Are the previous clients satisfied with their work? Are there possible red flags that can affect your team's interaction?
Take time to know their work ethics before deciding to join your company. Knowing details about your application helps you with the finalization of your offer.
- Personality
How your candidate interacts with the team can affect the performance. Your accountant handles one of the critical aspects of your business, your finances. You must have similarities in values in managing the business.
You can try to ask them specific scenarios that are relevant to your company. Their answers to these kinds of questions will help you choose the perfect match.
- Fees
They are discussing the compensation matters. Accounting associates may have differences in the salary that they are expecting. Accountants with more experience charge higher compared to certified new accountants. You should have prior knowledge or quotes on the average accountant's compensation. Complex services can also play a difference in salary.
Thus, some companies choose freelance accountants because of their more flexible terms. However, compensation is an essential aspect to consider because accounting jobs are complex ones, and the rates vary from the type of service and the period needed for the task.
When looking for your top pick, take note that what weighs more in assessing applicants is their knowledge and skills that are helpful to your job at hand.
Do these pointers help you out in sorting out your best candidate? Here at 24Task, we have the best freelancers that can get your accounting jobs done. Don’t prolong the wait. Sign-up and browse the 24Task website or mobile app now.
