In Pursuit of Profit
Read our expert article below or sign up to get articles sent to your inbox.
Shrewd business owners understand the benefits of outsourcing accounting functions. Utilizing an accounting firm maximizes business value by improving financial reporting accuracy and timeliness, allowing for better strategic planning, and reducing tax burden. However, these benefits depend on a solid working relationship with an experienced accounting firm. When there is a poor fit or the firm is performing inadequate work, its value is likely lower than expected. In extreme cases, business objectives and strategic growth plans can also be stymied.
If you notice any of these critical issues, it may be time to fire your accounting company:
Inadequate Financial Acumen
Financial expertise is the core benefit that an accounting firm should provide for clients. The best partner will utilize extensive financial knowledge to provide significant business return.
Poor Customer Service
Regardless of the industry, a service provider should deliver excellent customer service. This is especially important for financial services, which require a close working relationship to achieve maximum organizational benefit. If an accounting firm cannot be trusted to provide a positive experience, they should not be trusted with something as important as business financials and tax filings.
We understand the conflict and frustration that happens and how difficult decisions can be when its time to fire anyone, regardless of whether an employee, vendor or accounting firm. When it becomes apparent, we ensure a smooth transition. Maybe the next best step is to add ASP as a resource. If so, please contact Eric Moore here. He would be happy to learn about how our team can support yours.