When we think about accountants, we always imagine someone who is really good at math and is able to sort all your numbers out for you in a jiffy. Most people also do not know that there are actually many different kinds of accountants as well.
Currently in Malaysia, according to the government, we are having a shortage of chartered accountant. A lot of officials are tirelessly trying to convince the younger generation to take up accountancy to help bring the numbers up. We currently have way too many companies and not enough accountants to help these companies.
Entrepreneurs are a little different compared to a normal businessman who runs an already established business. Startups pose a vastly different business modal when you compare it to a traditional business. With that, we all know that startups need something a little different to make sure everything works out right.
Hiring your own company accountant isn’t easy to be done because this person needs to be completely trustworthy because they will be knee deep in all of your company’s finances. We have broken down the best 5 traits that you need to keep a lookout for when you want to hire your company accountant.
If you run your own business, there are already so many things that you need to figure out. This might include things like office rental, business strategies and things like HR policies and the likes of that. The last thing on your mind would probably be having to hire an accountant to clear up the accounts for your company.
In the world of digital advancement and the ease of social media allowing you to grow a business, there are so many new and thriving business out there. It has become such a simple task to set up your own store, start selling and start earning yourself a living. However, with an increase amount of supply, there will be a decrease in demand since everything you could ever want is so easily sourced nowadays with the power of the internet.
So how do you make sure that your small business not only survives, but also thrives? One of the not so popular ways to do this is by keeping a very watchful eye over your reports and processes which are also known as your Standard Operating Procedures (SOPs).
Starting a business is not easy. There are so many things to worry about like hiring, business strategy and the most scary of them all – finances! The finance department is the backbone of the company and is the greatest indicator of all to show you if you are making money or not. Those numbers reported by your finance team should be the main results you look at at the end of every month to see if you’re making money or losing money.