3. Their services aren’t tailored to your business.
Your company is unique. Your priorities, obstacles, and strategic goals are different than those of any other business. So if your accountant has a "one size fits all" approach, you aren’t getting as much out of your financial services as you could be. Monthly accountants are supposed to be unique in that they work with a variety of industries and know all of their unique challenges.
You shouldn’t have to explain what your company does every time you meet with your financial advisor. They should be deeply knowledgeable about your company’s financials so they can effectively meet your individual needs.
4. You get slammed with end-of-year tax surprises.
If your accountant doesn’t adequately help you plan for your tax-day obligations, then you could wind up with a bigger tax burden than you budgeted for. This can hurt your business's bottom line and hold you back from achieving your financial goals.
Remember, taxes are the ultimate end goal of accounting. If you're paying to strategize with a monthly accountant year-round, you should have something to show for it. Monthly accountants offer tax strategy (tax planning, projections, and preparation) beyond what an annual accountant can.
5. You find mistakes.
This is a big sign that your accountant isn’t pulling their weight. If they make basic mistakes that you can easily spot, then what exactly are you paying them for?
If you or your admin staff are able to spot mistakes, then you're probably able to do the work yourselves. However, you might not have the time to handle the workload. This is your cue to find a new firm ASAP.
6. You’re always on the clock.
Do you feel like your accountant literally charges you by the minute? If you can’t talk to your accountant without feeling like you’re “on the clock,” then your accountant isn’t prioritizing your needs. An accountant who really has your interests at heart will offer you strong customer service.
Monthly accountants are supposed to talk with you as much as you need. If it's a large project, they may charge extra, but a quality monthly accountant knows that answering your one-off questions actually makes their job easier. That's why these one-off questions should be addressed for no additional charge.
Find the Right Monthly Accounting Partner
Your monthly accounting service has a strong impact on the success of your company. If the one you’re working with now isn't giving you the support, advice, and service you should expect, then they aren’t the right financial partner for you.
If you're still interested in monthly accounting done the right way, why not consider CSI Accounting & Payroll? To see if we can be a good match for your business, click the button below for a free consultation:
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