Do you run your own small business and try to do all your accountant stuff? Why? We think that we can do better and spend time on what we think we do best- whether it is Accounting, selling and marketing, customer service or making decisions on how to grow your business?
Are you an Accountant or an Entrepreneur? What for you came into business? For Freedom or for Financial Calculation? Is Your time in your control? are you spending quality time yourself?
Are you an Accountant or An Entrpreneur?
Don’t ask me that will you answer us or simply question us?. But I expect you to raise these questions in your mind. You will get proper answers immediately.
An entrepreneur has to do lots of work every day. When we think about entrepreneurs from small business persons (MSME) communities, they have to do all the work themselves. But intelligent business owners immediately will realize that they can’t do everything because they have only 24 hours in a day.
Unless you are a very discipline and well-organized person and enjoy working with numbers, you will understand you have to outsource this work. Most business owners spend their time doing what they are not very good at simply because they don’t know how to find someone to do that work for them.
Nowadays it is easy to find a person or company. Because we are in an internet-connected world. I have spoken about this in the last posting. You can find it by surfing on Google or Microsoft.
Outsource Accounting Company
There are also auditing companies with connected accountants running their own small businesses looking for customers like you. They are professional and trained experts in that work.
If you don’t have any other employees, this situation will work best for you because you can pay them as a subcontractor instead of an employee on the payroll. But, since they are accounting experts, they can help you with that task.
Appointing Accountant Employee
You should interview your prospective accountant just as you would if you were hiring them as an employee. Ask for a resume and references, and check them out. Since this person will be handling your confidential records. Because you need a trustworthy person.
You should expect to pay an accountant between Rs depending on your location. 500 and Rs. 2000 an hour. You can have a permanent accountant and pay a monthly minimum from Rs.15000 to Rs.30000. Don’t necessarily hire the one who offers the lowest rate- remember, you get what you pay for.
The more experienced person will cost you more but will provide valuable input and suggestions to streamline your business that will wind up saving you money in the long run.
Since this person will be working closely with you in your business, you should feel comfortable with them. If you have any reservations about this person, go on to the next candidate.
Conclusion
Decide whether you need an accounting company or an accountant. But it will take more time to find, it will be worth it later. Take your time to find the perfect accountant or an auditing company, and in a few months, you’ll wonder how you ever managed to run your business before you hired one.
Even though I was earning very little money, I gave my accounting work to an auditing company to reduce work tension and increase my healthy time.