Do you ever wonder if there's an accounting firm that's a better match for your small business than your current one? Chances are, there probably is. If you're considering switching, then you already have enough of a reason to take the next step - as scary as that seems.
CSI Accounting & Payroll has talked to thousands of small business clients over the past several decades. When new clients express their concerns with their prior accounting firms, they're usually mentioning communication issues - and the surprises, confusion, and frustration that they cause.
Small business owners who want to know more about how to change accounting firms asked us:
Business owners change accountants for various reasons - poor communication, lack of performance, and failure to provide business advice. If you’re wondering about making the switch but you're still a bit hesitant, check out overcoming the common fears we hear about switching.
Contrary to popular belief, changing accounting firms for your small business does not have to be difficult, time-consuming, or awkward. With the right approach, it can be easy; so don’t compound any issues by delaying the process! Many of CSI's clients find a sense of relief after the change has been made and express the feeling that they should have made the commitment sooner.
Remember, there isn’t a perfect time to switch accounting firms, but if you’re already thinking about making a change, it’s probably a good indication that you should trust your instincts.
The process for changing accounting firms is actually rather simple. Before you set out on a search for a new accounting firm, list the reasons why you’re disappointed with your current accounting firm. Use this list throughout the process to remind yourself of the reasons why you need to switch.
Nobody is going to burn a bridge if they don't know where they're going next! To help you separate the quality accounting firms from the ones that under-deliver, here’s a list of characteristics to look for:
If you haven't had a falling out with your accountant, informing them that you're moving forward with a different accounting firm can feel like a high school breakup - meaning you wish you didn't have to do it. (Unfortunately, you do.) It can feel awkward, and you might worry that they'll try to negotiate when you know it's over.
While you can have this conversation on your own, your new accounting firm may be willing to assist you in this process to:
In many cases, this step becomes a roadblock for business owners thinking about making a change. Don’t let potential awkwardness stunt the growth of your business.
The beginning of working with a new accounting firm is a great time to set goals for your business moving forward. Let them know why you switched to their service and set expectations for the partnership. That way, you’ll both be able to focus on financial stability and growth opportunities for your small business.
In established accounting firms, there will be meetings in place to set you up for success. An accountant should understand your business inside and out, help you establish best practices, and outline a plan to work toward your goals.
While coming to the realization that you need to switch accounting firms may not be the most difficult thing in the world, actually making the switch can be intimidating enough to keep you complacent in your current accounting solution.
Having to choose an accounting firm that's a better fit for you, facilitatng that breakup conversation with your current accountant, and setting the stage for the future with your new accounting firm aren't as hard as they may seem. As with any business endeavor, professionalism and a sense of purpose can make the accounting switch stress-free. And having the right accountant by your side doesn't hurt!
If you're interested in having a discussion to see if we can be a good fit for you, click the button below for a free consultation.
Not ready to have a conversation yet? Be sure you know if the cost of monthly accounting lines up with your business! Click the button below to learn more about the variables that make up your monthly fee.