Choosing the right accountant to administer your freelance finances
Hiring an accountant to help administer your freelance finances can boost your business potential significantly. So how do you choose the right freelance accountant for your business?
Make sure your new accountant meets the following criteria, and you will take on a valuable new business asset:
Qualifications
As a legal requirement, your new freelance accountant should possess at least one of the following qualifications:
- ICAEW
- ICAS
- ACCA
- CIMA
- CIPFA
Not only does this certify a level of competency and knowledge, it also shows that they’re committed to their professional development.
Experience
Accountants train hard, but also learn through experience. The right accountant for your needs should have extensive experience of working successfully with other freelancers, or have worked as a freelancer themselves, in order to acquire the requisite level of understanding.
Resources
In the new digital age, your prospective accountant should be able to demonstrate a working knowledge of advanced online accountancy software programmes, such as Xero. Both can help streamline freelance accounting significantly, therefore saving you time and money.
Communication
Your prospective accountant should be proactive in communicating any information you might find useful, and be available via multiple methods (email, phone, face-to-face etc.) when you need them most. Accountancy software enables you to share transaction data in real-time, providing a further communication channel with your accountant that can remain permanently open.
If you want to find out more about how an effective freelance accountant could transform your freelance finances, call on the experts at 3 Wise Bears.
