Category Archives: Franchise Accountant

Why You Must Find an Accountant to Create a Successful Franchise

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Starting a franchise can be an exciting venture, but one of the biggest factors for failure is franchisees who don’t understand the financial side of things. While you may have an understanding of how to work with figures, there’s a lot more to it than that. Most franchisees don’t understand the terms and language that accountants are familiar with, not to mention all of the complicated tax regulations. A one-time course in accounting doesn’t cut it either.

In order to have the best odds for creating a successful franchise, it’s essential to find an accountant who specializes in a franchise business. Accountants often specialize in certain industries; they are well aware of all of the ins and outs in regard to the financial side of the industry and can be a trusted adviser in helping you and your franchise achieve and exceed your goals.

Accounting experts with industry experience can save you time, money, and help clear up any confusing when it comes to managing finances and prevent you from making detrimental mistakes that can lead to business failure. They can help you to manage cash flow as well as plan for growth, assess risk and much more. The long term strategic advice provided can be invaluable, including such things as budgeting and forecastingfind an accountant with goodaccountants.com or franchise startup advice.

So how do you find an accountant who is the most qualified for your franchise? You can do it the hard way and speak to other businesses and colleagues to gather a list of candidates, or place an ad; of course you’ll have to then schedule an in-depth interview and conduct extensive reference checks.

To find an accountant that has the knowledge of your particular type of franchise can seem rather overwhelming as the time it takes can be time you don’t often have.

Fortunately, you have another option. Just by calling the consultants at GoodAccountants.com, you’ll be matched with the most qualified accounts that are ideal for the needs of your type of franchise. There is no cost for this valuable service, saving you time, headaches and the stress it takes to locate this often-elusive candidate on your own.

How to Find an Accountant for Your Business

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Find an Accountant

Are you feeling overwhelmed with how to find an accountant for your business?  How do you streamline through the thousands of names that are available in the yellow pages and on the internet? Finding an accountant does not have to be a complicated process!

When you are looking to find an accountant for your business, take a few moments to brainstorm exactly what your company is looking for.  What do you want the accountant to do for your business?

The following are some tips to help find that perfect accountant for your company:

Does the accountant have experience in your industry?

This is particularly important if you work in an unique business environment.  When an accountant has familiarity with your industry, you will save your company both time and money. These individuals should be familiar with your specific industry related terms and challenges.  In addition, the accountant should be able to shed some light on areas of revenue and potential loss that you may not have thought of.

Get a Professional Reference or Use a Customized Search Engine

Professional references are one of the main techniques that company’s use to find an accountant for their business.   However, you want to make certain that the reference is provided by someone from a similar field.  When you get a reference, ask for details on why they are recommending this specific accountant or firm.  What did this individual do for the other business? How did they save them money? What is their communication style like?

The internet is another source to help you find an accountant.  Customized accounting search engines, like GoodAccountants can help you streamline the process, highlighting individuals who are familiar with your particular industry.

Are there any unique requirements to consider?

If you have an international business is it required that the accountant can converse and read multiple languages?  Try to find an accountant that has the exact attributes that your company requires.  If you don’t, you will just be looking for another accountant in the near future.

Is there a match between the accountant’s personality and your own?

Are you comfortable with your chosen accountant’s personality and style.  Is the accountant’s financial philosophy (risk-taking behavior) similar to that of your company? Are they able to forecast future trends and potential revenue?  Does their communication style match your expectations?  All of these factors are critical at ensuring that you find an accountant that best fits your business needs.

Take the time to find out your company’s specific needs before beginning with the search for your perfect accountant.  Ideally, this individual will be working with your company for several years so you want to find an accountant that is a good fit to your company’s unique needs.