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Archive for the ‘Bookkeeping’ Category

In the Search for A Chartered Accountants

Wednesday, September 14th, 2011

To search and hire the right chartered accountant for you is not an easy task, but if you are going to start up a business, hiring an accountant should be done even before you come to terms of thinking you need one. It is part of the common sense of the employer that the right accounting professional is someone with the qualifications. If you are looking for one, then you should ask your professional associates. Their personal recommendations will be of vital importance to you especially if you have no idea where to start your search.

The search for the right accountant can be really demanding, but if you are starting up a business then looking for accountants should be a prime consideration which should not be left as a last decision to make.

Bookkeeping services are actually available on the internet as there are firms who have advertised their services online, so more people can view them. Check out these firms and contact them. Accountants can offer valuable service through studying your accounts and pinning down problems in the financial aspect of your business. Depending on your company’s needs, you can opt for specialized services and in order to find out the appropriate professionals to handle your specific needs, you should do a research. Accounting firms may offer legal services, bookkeeping, and payroll services; some offer a wide range of services while others focus on a few, wherein they are at their best.

Anyway, the easiest way to find good accountants is by asking your friends or relatives for suggestions. You can do your own research by searching the yellow pages and browsing the internet. You may find several choices after a few days but that does not mean the search is over because you need to sort out the prospects. If you are looking for services from a firm, you still need to schedule a conference with the potential employee. Meeting your prospects gives you better judgment than simply relying on their resumes which can be deceiving.

Small business owners make a mistake of not hiring accounting or bookkeeping services early in the course of their business and that this results in some of the most inconvenient experiences. It is a mistake to think small enterprises don’t need accounting. It is a mistake to not include accounting during the planning of the business, let alone to not include it during the inception. Accounting professionals serve more purpose than simply checking your books and records. They can be your valuable assistants or advisors doing more than basic record-keeping. Since your business has its unique attributes, it is necessary that you figure out what set of accounting services you need because different firms can provide you with unique assistance to match your company’s needs.

That is the very reason why considering the professional background and training of the prospect is extremely vital. You cannot simply hire someone because they have background in looking at book of accounts. You cannot hire just anyone who had a few subjects of accounting in college. What you need is one with sufficient training and expertise. So, be wary when marching over the internet to find freelancers. It’s always safe to find a firm wherein competent professionals are screened and honed and deployed to you.

Well the standard selection procedure applies when looking for the qualified accountant. Yes, this is tough, but it is the only way you could find the right one. CPAs or chartered accountants are usually the ones you need, in case you haven’t realized that yet. They are by far better equipped and sufficiently trained to handle different accounting jobs. Find professional accountancy bodies and organizations delivering accounting services to different businesses.

Discuss your needs with those in your shortlist during the interview so that you would know who can provide you with sensible answers. You can ask for references, in case you’d want to make a background check. If the accountant is confident, they’d be happy to give you names.

McCarthy Accountants is an established independent firm of Chartered Accountants and Registered Auditors licensed to operate under the regulations of the Institute of Chartered Accountants in Ireland. The firm was established in 1978 as John J. McCarthy & Company and has been offering tailored professional accounting and tax services to a range of businesses and individuals for over 35 years.

Setting Up a Bookkeeping Business

Wednesday, November 10th, 2010

If you are thinking of setting up a bookkeeping business then this article will explain what you will need to do to get started and become successful. With more and more small businesses starting up, fuelled largely by the recession and loss of jobs, there many opportunities to be successful providing bookkeeping services for small business owners. You could even opt to work for a firm of accountants on a self employed basis, preparing books and accounts for their clients.

Assuming you have the knowledge, qualifications or experience to undertake this type of work, then there are a few things you will need to get started. Office Space can either be at home or rented elsewhere. Ideally you will find a quiet area where you can work without interruptions. Do not underestimate the amount of storage space you will need! Each client will require a few files and possibly large amounts of files, documents etc so it may be worthwhile renting some storage space to avoid cluttering your home or office.

Start-up Costs if operating from home should be minimal but you should seek and obtain suitable professional indemnity insurance for your business. In some countries it is against the law to operate without this. You will also need a computer, suitable accounting software and an excellent, secure backup system in case of theft or fire etc. A trip to the stationery shop will be worthwhile to stock up on paper, envelopes, storage facilities (such as files, folders and cabinets), paper clips, hole punch, stapler etc.

You should also consider your communication channels such as telephone, fax, email, messaging services, answerfone etc before you have your business cards and stationery produced. When all of this is in place you are nearly ready to start. You will need business cards and a letterhead. Now your marketing process should begin. Getting a steady flow of customers can be the hardest part of running any business, so the more nets you set, the more clients you will catch.