A great accountant can be invaluable to small business owners trying to make their dreams come true. Expert advice regarding finances and taxes can save real dollars and when it comes down to it, that’s what can make or break a business. As an accountant, your skills and expertise mean you’re a key part of their business success. Here are 5 traits that every great accountant needs to master.
Small business owners can often get overwhelmed by the day-to-day tasks required to keep their business running. With the weight of the world on their shoulders, it can be hard to have foresight into the future when you’re caught in the present. That’s where a great accountant can really shine.
Sure, you can complete the standard tasks at hand, but can you look at the numbers and see the possibilities? A great accountant has vision and initiative and can help their clients navigate potential issues and work towards positive outcomes.
2. Problem-solving skills
A great accountant also needs excellent problem-solving skills. As you delve deep into each of your client’s businesses, you’ll no doubt have to deal with cash flow issues, unpaid invoices and large debts.
Your clients will rely on you to help them come up with workable solutions. They may also ask you to develop a long-term business strategy and offer advice surrounding cash flow issues and tax debts.
When you’re working with numbers and finances you need to ensure a high level of accuracy. There’s no room for error, so it pays to have excellent attention to detail. Not only do you need to be detail-oriented with your own work, but you also need to be able to scour someone else’s records.
You also need to be constantly be abreast of any changes to the law, particularly surrounding tax and small business. Even the smallest change could mean big things for your clients.
4. Communication skills
It’s all well and good if you can foresee issues, solve problems and complete your work with accuracy, but you have to be able to communicate with your clients. Whether you need to explain complex tax matters or unfamiliar accounting concepts, good communication skills are vital and will ensure accurate outcomes.
If you can relate well to your clients, it will also help to build trust and credibility.
The ever-changing accounting industry means accountants must be vigilant about keeping up-to-date with the latest technology and news. Not only do you need a commitment to your craft, but you also need to have dedication to your clients.
Helping small businesses and entrepreneurs thrive needs to be your passion and something you’re committed to wholeheartedly.