Accountants

Every business has to deal with money. Depending on the volume of business you do, you will need to hire an accountant who can keep track of your income and expenditure and balance your books.  There are six main types of accountants: auditors, forensic accountants, public accountants, tax professionals, financial advisors, and consultants. There are also Certified General Accountants (CGA), Chartered Accountants (CA), and Certified Public Accountants(CPAs).  A CGA is a member of the Chartered Professional Accountants of Canada (CPA).  These accountants are skilled in finance, taxation, business strategy, auditing, and management and business leadership. A Chartered Accountant (CA) is a global professional designation given to accounting professionals who are qualified to audit financial statements and business services. They also are certified to carry out consultation services. A Chartered Public Accountant is certified by the CPA and has passed the CPA exam.

If you own a small business, it can be overwhelming to choose an accountant. The following tips can help you make the right decision when selecting an accountant.

  • Verify the person’s qualifications. Your accountant should be able to file for your income tax returns. He or she, therefore, has to be a member of a professional organization.
  • Choose someone who is has a wide knowledge base in accounting and is passionate about accounting.
  • Your accountant should be able to provide you with accurate financial reports and analyses.
  • Knowledge of the latest accounting software is a must.
  • Your account should be a person who is willing to give you the best financial advice for your business.

 

Don’t become overwhelmed when choosing an accountant.  Follow these tips and you are sure to find an accountant who works best for your needs.