“Get the right support from your accounting professional to help grow your business.”
Are you getting what you need from your accountant?
What:
Your accountant and what they should be providing you.
Why:
To successfully grow our businesses we need the support of financial/accounting professionals and our accountants are the closest thing we have to a CFO.
Info:
- what should our accountant be doing
- The basics – taxes, reconciliations, annual reports, etc.
- Be our adviser – our coach for financial issues/concerns
- Help us in key areas like cashflow, job costing, budgeting and other financial related areas
- Find the right one
- Make sure you work well with your accountant and they are willing and able to help you
- They need to understand construction unless you are just starting out
- Make sure they understand how to solve the issues that you need help with like cashflow
- Your accountant is not the only one that can help with this – you could get a biz coach also
- Get real help
- Schedule regular meetings with your advisers
- Set goals and objectives for your financials
- Have them available to help with what-if scenarios and guide in decisions
Get the right help for your business so you can continue to grow and prosper.
Take-Action Items:
-
Review your current relationship – are you getting what you need
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Ask for the help you need – just like your accountant would hire you to remodel their office you need them
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If your current system does not adequately support your business make changes