Resources

How To Maintain A Strong Relationship With Your Accountant

Blog
How To Maintain A Strong Relationship With Your Accountant

Valentine’s Day is almost upon us, promoting shows of affection for those that matter to our lives. Yet, beyond treating your partner to a reminder of what makes you click, we suggest taking a look at your business relationships too – especially with your accountant, who may have rescued you from stress and worry over the years.

If you think we’re overstating things, think again: a healthy connection is the key to healthy finances. Keeping that connection alive and strong is going to have a positive, knock-on effect for your business…

Always listen to them

First and foremost, you have to be willing to hear them out, no matter what their advice may entail. Accountants are hired specifically for their knowledge and experience; they’ve probably grappled with several ventures like yours. Contractor and freelancer accountants, in particular, should know your industry and concerns inside out.

Professionals who stick with an accountant for many years, from the birth of their business to its intermediate stages, get the value of a long-term, outside perspective. This is essential when assessing how you’ve grown, and what’s been economised in your earning model.

Stay up-to-date with each other

It’s easy to lose touch with your accountancy firm when you’ve got more pressing concerns. However, we suggest aiming for regular communication – ideally monthly or more – to retain control over your real-time profitability.

One means of doing this is creating a shared account on a bookkeeping platform. There are a few digital tools on the market, but we recommend FreeAgent. Both of you can check cashflow in seconds, updated with projected income and outgoings for a given period. It’s a fool-proof way of checking figures together, so one party isn’t blind to what the other is privy to.

Tell them what you’re envisioning

Too many surprises aren’t good for your stability. Just like a good marriage, there should be a limit on spontaneous whims, as your accountant is going to struggle to keep pace with your changing direction. Unless, that is, they know what you’re planning well in advance.

The more information someone has about your venture, including perceived milestones and expansion strategies, the more capable they are of helping you. So, don’t be obtuse, and tell the financial whiz kid what you have in mind. Make it as clear as you can, and with a fairly accurate (and doable) timeframe in support.

We may be bean-counters, but we love having close ties to our clients, all through the year in fact! The 14th of February may have sent us hurtling down this mental track, yet these and other measures of your working relationship should last forever, building on mutual respect. Call Bright Ideas Accountancy on 0161 669 4221 or email info@biaccountancy.com to learn about what a financial service should do for such great treatment.

To book in a FREE consultation, contact us today on 0161 669 4221 or info@biaccountancy.com.

You may also be interested in…

Stay up to date on what’s new at Bright Ideas.

    Step 1 of 3

    Thanks for choosing Bright Ideas!

    Let’s get started with a few details…

    (*) Required field
    The field is required
    The field is required
    Email address is invalid
    The field is required
    By submitting you agree to our Privacy Policy

    How can we help?

    I need accounting support for…

    (*) Required field
    The field is required
    The field is required
    The field is required
    The field is required
    The field is required
    £The field is required
    The field is required
    The field is required

    When’s good for you?

    Pick a slot…

    (*) Required field
    The field is required
    The field is required
    The field is required
    BACKLet's get started
    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

      Step 1 of 2

      Become a client

      Let Bright Ideas take care of your accounting. We’re guaranteed to have a solution here that suits your needs. Simply pick the package you like best and we’ll take care of the rest.

      You can sign up for our services right now. Complete the form below and we’ll be in touch the same day (if received before 4pm).

      (*) Required field
      The field is required
      The field is required
      The field is required
      The field is required
      Email address is invalid
      The field is required
      The field is required
      The field is required
      The field is required
      By submitting you agree to our Privacy Policy

      Let’s talk about your business

      Setting up a new business? Already trading as a Limited Company? No matter what your circumstances, Bright Ideas can help.

      (*) Required field
      The field is required
      The field is required
      The field is required
      The field is required

      Included in our company formation service is:

      • Limited Company name of your choice
      • Memorandum and articles of association
      • VAT, PAYE and Corporation Tax registration
      • Certificate of incorporation and Share certificate
      • Companies house registration
      (*) Required field
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required

      Director/Shareholder

      (*) Required field
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required

      Additional director or shareholder (Should only be completed for an additional person)

      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required

      Declaration acceptance *

      The field is required
      The field is required
      BACKLet's get started
      This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

         

        Request a Call Back

        (*) Required field
        The field is required
        The field is required
        Email address is invalid
        The field is required
        By submitting you agree to our Privacy Policy
        This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.