Whether you’re working with a brand new accountant for the first time or you’ve had the same trusted accountant in Jamestown, ND for decades, communication is the most important thing you can practice. With something like your business’ finances at stake, communication needs to be exceedingly good between you and your accountant—poor communication or lack thereof could result in financial problems, legal implications and more, all because of communication errors.
In order to open the channels of communication between you and your accountant, it behooves you to take some time to ask a few very important questions. Take a gander at a few quick queries that will bridge the communication gap between you and your accountant:
What’s the best way for us to stay in touch and how often should we communicate?
The premise of this question is simple and to the point: how do I get ahold of you and when should we be speaking? This should clear up any issues about what appropriate communication is and give you a direct way to get in touch with your accountant when you need to. Moreover, it’ll give you an idea of when you should be touching base and what it means to check in.
What should we be speaking about on an ongoing basis?
Many people feel the need to reach out to their accountant exclusively during tax season or in the event of an emergency, but there are many other reasons to keep a consistent line of communication open. Asking your accountant what these items might be is a great way to make sure you’re staying in check with financial issues that are pertinent to your business and keeping yourself apprised of this information on a regular basis.
Can you provide me with regular reporting?
Not only is regular reporting a great tool for staying in touch with your accountant, it’s imperative to have this information when making business decisions. Being able to see your cash flow, payroll and other finances laid out succinctly for you by your accountant on a weekly, bi-weekly or even monthly basis will really shed light on your operations.
What financial goals should I be planning for?
Because your accountant has all of your finances neatly pictured and understands your cash flow as good as anyone, they’re an invaluable resource when planning for the future. Asking about tangible goals and long term items will give you a realistic approach to business growth and having your accountant be able to communicate these things to you will really lend itself to your overall relationship with them.
The above are just a few sample questions that can generate a lot of communication and open the door to a better relationship with your accountant in Jamestown, ND. Don’t hesitate to ask specific questions and seek answers from your accountant about other things that might be unique to your business or situation. Tapping your accountant for information is one of the perks in partnering with one!