Posts Tagged ‘tax’

Qualities That Every Great Accountant Should Have

Posted by Emily Ridley

An accountant that is highly valuable should have a large range of skills that play a vital role in helping your business become more successful. Here is a list of qualities that will help you determine how valuable your accountant is.

They Are Highly Organised

An accountant that is highly valuable should always be able to keep your bookkeeping records updated. At the end of each month, they should be able to show you how much revenue you have earned and how much revenue you spent based on the documents they’ve kept within the month. They should also be able to use these documents to show you whether you actually made a profit or not.

Furthermore, the ability of the accountant to stay organised will also make it easy for you to access financial documents whenever needed, ensuring that your business doesn’t end up paying fines because of misplaced or missing documents.

They Think of Money as Numbers

For many people money can have an emotional value, this often influences whether you decide to save or spend. A high quality however, understands that money represents numbers or figures to manage. Regarding money this way helps accountants take the emotion out of managing finances. Being able to think of money in terms of numbers only is among the most important qualities of an accountant.

They Are Patient

A high-quality accountant must have a lot of patience for their clients. It takes a long time to complete accounting tasks and explain the entire process to their clients. It is highly advised that you only work with an accountant that you know will remain patient all the time.

If your accountant is impatient, it’ll be challenging for you to get your business’s bookkeeping right or learn how accounting works. How can you get answers to your accounting-related questions if your accountant doesn’t remain calm? Do you think you can actually understand how your business’s accounting works if this is the case?

It is therefore vital that you pick a patient accountant to ensure that your business’s books are accurate and you’ll be able to learn about the entire process.

They Have Great Communication Skills

Communication is one of the key soft skills that might not seem all that important for accountants, but this is not the case. Being, an accountant means having to explain finances and financial information to clients or co-workers who are unfamiliar with accounting terms. If you’re good at explaining difficult or complicated concepts in simple, easy-to-understand terms, this is an excellent quality to have as an accountant.

They Are Reliable and Trustworthy

Clients should know that they can depend on their accountant to complete work or handle financial data carefully. Being reliable and trustworthy are important personality traits to have if you plan on working as an accountant or any other profession.

They Are Detail Orientated

A key characteristic of a great accountant is that they should be very detail-oriented. An accountant must have the ability to take a large amount of information and summarize it in an understandable manner so that the average person can understand.

A good accountant will also be able to present their findings in a way that’ll make it easy for their customers to understand. This includes presenting their findings in such a manner that the information can be easily understood by the customer.

They Embrace New Technology and Are Up to Date with The Latest Accounting Trends

One of the best qualities an accountant can have is the ability to keep up on the latest trends relating to accounting. As a customer and business owner, you should make sure that you are working with an accountant that’s well informed about the current trends in the industry. Having this quality is vital for a business’ success because trends change regularly, and being outdated with these trends can take a toll on your business’ daily operations.

An accountant who knows the latest trends in accounting can give an unbiased opinion that will make it easier for your business to flourish and succeed in the long term.

EFX Accountants and Advisors