Top 6 Signs Your Small Business Might Need A New Accountant

Introduction

The best way to determine if your small business needs a new accountant is by evaluating the current state of your company. If you have been experiencing any financial difficulties or just aren’t happy with the way things are going, then it might be time for an upgrade.

To help you decide whether or not this is the right move for you, here are 5 signs that indicate when changing accountants can be beneficial.

Your accountant is difficult to contact, or perhaps you’ve never even met him/her.

While it’s important to be able to contact your accountant, if you can’t get hold of him/her, it’s probably a sign that he or she is overwhelmed. If your accountant has more clients than they can handle, then they may not have time for you.

If your accountant is overworked and unable to give you the attention that you need, then it might be time for a change.

You are stressed out by the amount of time you spend trying to reconcile all of your financial information, organize it, and analyze it properly.

There is no one-size-fits-all approach when it comes to reconciling accounting data for a business. As a result, there are many different ways in which an accountant does this task. Some accountants do all of their reconciliation in one big batch at the end of each month; others spread their reconciliations out throughout the month on a daily basis. Regardless of how your accountant reconciles accounts receivable and payable, however, there should be some sort of regular schedule or rhythm involved—otherwise, you risk missing something important that could come back to bite you later down the road (and without any warning).

In addition to being stressful for small business owners themselves, inefficient bookkeeping can also cause problems for companies when they try selling goods or services at competitive prices with other companies offering similar products or services—especially if those competing businesses have streamlined processes in place that allow them to cut costs while still maintaining profitability levels comparable to yours!

Your financial statements are never ready on time; cash flow and budgetary needs are always based on a “best guess.”

It’s vital that you have access to accurate financial statements. These statements detail your company’s financial health, including revenue, expenses, assets, and liabilities. They can also provide insight into how your business is performing in comparison to previous years. If you don’t have access to good information about these areas of your business, then it will be difficult for you to make good decisions or plan ahead effectively. Without good numbers on hand when making decisions like hiring new employees or setting prices for products and services offered by the company – decisions that directly impact cash flow – you may find yourself in trouble down the road due to poor planning practices.

Accurate financial statements enable accountants and other professionals who work with small businesses like yours (such as lawyers) to better advise clients about long-term planning strategies that can allow them greater flexibility in handling unexpected problems such as a downturn in sales revenues caused by factors beyond control such as bad weather conditions or competition from larger companies offering similar products/services at lower prices than yours!

You aren’t receiving any proactive recommendations or insights from your accountants on your financial situation (for example, they don’t tell you when they notice poor payment habits or other issues).

One of the main reasons why you need to find another accountant is that your current one lacks the ability to give proactive recommendations and insights.

An accountant should be able to tell you if there are any issues with your financial situation. For example, they shouldn’t just wait until late in the year before telling you that your company has a cash flow problem and needs more money from its bank account.

You don’t have a proper financial strategy in place, so you are constantly behind in all of your payments, and you often incur late fees.

You don’t have a proper financial strategy in place, so you are constantly behind in all of your payments and you often incur late fees.

If this sounds like you, then it might be time to look for a new accountant. A good accountant can help you create a sound financial strategy for your business that will help eliminate these types of issues from happening in the first place.

Sometimes it’s better to change things up than to stay stuck.

Sometimes it’s better to change things up than to stay stuck. As your business grows, there are bound to be challenges and opportunities that you may not have anticipated. If the same old solutions don’t seem like they’ll work anymore, it could be an indication that it’s time for a new accountant. If your current accounting is causing more stress than they are worth, consider hiring someone else. You don’t want to waste any more time on an account that isn’t working for you!

Faber provides business accounting services planning in Edmonton, Alberta. We have over 20 years of experience in the industry. We also provide accounting services, tax planning, and other services. Our team works tirelessly to help clients. Contact us today!