As an entrepreneur, you probably already know that a good accountant is the superhero of the financial world. They take care of your company’s finances, ensuring compliance with all requirements so you can sleep soundly. But if you want to show your appreciation to your accountant and make their work easier, these 8 tips will definitely help you:
1. Leave the DIY to the professionals
Accounting is a profession that requires constant awareness of changes in laws and the tax system. Experimenting yourself can end up being more expensive than buying professional services right away. This is especially important for a growing company, where accounting should not be your primary focus. If you doubt the cost of the service, calculate your own time spent and weigh it against the value of the time saved in terms of earning income.
2. Use modern solutions
Cloud-based accounting software saves time and money. Online bookkeeping means faster processes and access to necessary data for both you and your accountant anytime, anywhere. Our company utilizes several tools, including Merit Tarkvara and CostPocket. For managing daily tasks, we use our client portal, Uku. This reduces manual work and the possibility of errors, and is also environmentally friendly.
3. Keep documents organized and digitized
Forget shoeboxes full of receipts! Find a way to store accounting documents digitally. Use free apps to photograph paper invoices and save them as PDFs, or ask your accountant for access to more convenient paid solutions. Create clearly structured digital folders, avoiding general names like “Various” and being as specific as possible with expense categories.
4. Submit documents and authorizations on time
Respect deadlines! Create a calendar of important dates with your accountant. The same applies to the necessary authorizations that allow the bookkeeper to perform actions on your behalf. This helps avoid rushing, delays, and fines.
5. Be honest, open, and accurate
Provide your accountant with correct data and do not hide important information. Trust their professionalism and feel free to ask for advice. Inform them of important company changes or decisions sooner rather than later – ideally already in the idea phase.
6. Separate personal and business expenses
Use separate bank accounts and credit cards for personal and business expenses. This simplifies the preparation of reports and avoids unnecessary questions.
7. Don’t leave finding a new accountant to the last minute
Reviewing the work of a previous accountant is time-consuming. If you need a new accountant, act early to avoid stress and rushing as the annual report deadline approaches. Accountants have their own processes for onboarding new clients, which takes time.
8. Make payments on time
This may seem elementary, but delays are surprisingly common. Create a system for the timely payment of invoices, taxes, and salaries, and for the submission of declarations. If necessary, ask for your accountant’s help so you can focus on earning income.
In conclusion: Supporting your accountant is good for both them and your company’s finances, ensuring accuracy, legal compliance, and smoother cooperation.
Discover collaboration opportunities by exploring our services and trying our accounting service price calculator. To connect with us, please email info@aaroni.ee or call +372 5300 0495.
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