I'll be the first to admit there have been times where I haven't fallen into the ruthless, business owner stereotype - because making a decision hasn’t seemed obvious at all.
I've started calling these 'roundabout decisions'. You’ll recognise them due to their circular nature – late nights spent writing out the pros and cons in different ways, but by the end you never settle on a simple ‘yes’ or ‘no'. There’s always something that brings you back to the beginning.
Unfortunately, I can’t help erase all of your ‘roundabout decisions’ – but I can help with one!
5 business owners have helped me create this article to prove changing your accountant is never a roundabout decision! Instead, keeping your eyes open to these 5 tell-tale signs, will help make the decision obvious!
1) BUSINESS IS BUSY & I NEED SOME SUPPORT
"I own a few businesses and if you've ever done that, you'll know juggling them can be really hard. My go-to reaction, like many others, is to just deal with it - but that doesn't really help things! Nobody starts multiple businesses with the attitude 'this will be a breeze', but there is a point when you realise support would be really helpful.
So I asked around and discovered an Accountant who'd help automate the financial side of my business, but in the form of a support package. That meant the accounts were taken care of, and they'd help me with business decisions - from the big director changes to the just advice on the software we were using. This was news to me, I didn't even know this type of thing existed!
If business is busy & you need some support - definitely look at switching to someone like that. It's getting more out of something you already pay for."
JAMES HAMILTON of Wirral-Net
2) MY CURRENT ACCOUNTANT MAKES MISTAKES
"It easy to get frustrated with your accountant when they're just putting numbers in boxes - but there's no excuse for your accountant to be putting wrong numbers in those boxes. It was giving me more things to think about, when they really should have been freeing up my time instead. In hindsight, it was a service I paid for that wasn't being delivered correctly.
If you're accountant is making mistakes and gives you more things to think about, rather than freeing up your time, then don't settle for less. It's a no brainer to switch."
Lauren Yates of Paper Free LTD
3) I DON'T FEEL ON TOP OF THE ACCOUNTS
"Your accountant should possess the 4 following things - a great attitude, knowledge, innovative approaches and professionalism. That's your blueprint! I didn't realise this until I switched - for years I'd been settling for less.
It used to take me hours to get my financial information together for my previous accountant, but the new company clearly understood the needs of small and medium sized businesses. They were full of progressive and clever suggestions to increase efficiency and clarity around the financials.
I feel way more on top of my accounts now than I ever have and it's all in order - the way it should be!"