Different businesses and organizations have different sizes and different expansion plans. Moreover, no two business have set of requirements, strategies and management anatomy. But there is one thing which is common in all businesses, regardless of which industry or arena they belong to, that their ultimate goal is to increase their revenues, and make more profit. Yes, this is the bottom line of every business!
However, it’s not a piece of cake to boost revenues and move up profits. In order to achieve this goal, the first and foremost thing a business will require excellent accounting and financial expertise. And this is when professional accounting firm services come on the scene.
If you are a business, be it local or international, looking for accounting services provider in Melbourne, the second city of Australia, here are the five key factors you should take into account while making a decision:
Certification & Accreditation
Hire only certified public accountants (CPA). Visit the company’s website to learn if it is certified and accredited by IFAC or not. This will help prevent you from turning up to scam companies.
Enlist All Services Needed
Do you want to hire a dedicated accountant for taxation services only? Or you also need services like book-keeping, finance reports, invoicing, auditing and balance sheets? The answer to these questions are very crucial as it will help you to know if the accounting firm you hire deliver all services you require or not.
Of course, hiring two firms isn’t a good idea when you can find one than handles all your accounting and finance related needs. You may visit the company’s website to check what services it offers. Some sites also contain online portfolio of clients, if you don’t find it there, you may ask the client to give their portfolio.
Know Who You Will Work With
Given a mid-size or large-size accounting firm, it is essential that you find out which accountants you will be working with. Don’t hesitate in interviewing them; you may ask them about their earlier clients and project types. It is crucial to know if they have earlier done kind of accounting work you require for your business, or served your type of business before.
While browsing internet for accounting services in Melbourne, you will find many in the results. And you will be surprised to know how dramatically their fees vary from $50 per hour to $3oo or more. Some companies will offer flat rate discount on a bunch of services and some may charge extremely high. Find the one that meets your needs and budget.
It is essential to know if your account and finance philosophy matches with that of the company or with the accountants who will be handing your financial matters. Accounting services aren’t a one-time affair. so, it is wise to be patient and careful while hiring an accounting firm.
Whether you are a new start-up or an established company, considering the above tips will help you find the right accounting services provider in Melbourne, Australia.