Every business that plans to stay in its respective industry for the long term needs to sort out its finances, from cash flow, to assets, to financial statements and reports, to even accruing and accumulating positive business credit.
This is where the accountant comes in. Whether working in-house full-time or provided by a third-party accounting firm, an accountant is valuable in helping you keep track of all financial matters related to your business.
While many clients expect accountants to be great at organizing and to be extremely precise, they are simply the result in being trained to make impactful decisions that could affect the overall financial health of a business. In fact, these are only some of the traits that accountants need to develop to be good at what they do.
Here are the qualities that will let you know that the accountant you’re partnering with will help you see your business and finances through every step of the way:
Every accountant is specially trained to take all factors into consideration when analyzing the financial health and capability of a business, and is able to discern whether business practices and approaches may or may not be cost-effective.
In analysis and decision-making, being detail-oriented is obviously key in the day-to-day life of accountants. This eye for detail and accuracy is inseparable not just from the accountant him/herself, but from the field of accountancy as a whole.
Not only do they need to keep a sharp eye on hard data, figures, statistics, and paperwork in their day job, but they also need to develop (or be able to quickly develop) a system for finding the information that they need as fast as possible. This is where excellent organization skills come into play.
Any certified accountant that operates under a strict code of ethics, has a strong sense of integrity, and is inclined towards honesty inspires confidence among co-workers, superiors, and clients alike.
This is also a trait that should extend into an accountant’s personal life as well – a person with a strong sense of integrity will most likely be someone who operates within the legal boundaries of a country’s existing laws, and is also likely to be a law-abiding citizen.
Accountants also need to be creative to come up with unique solutions and strategies for businesses facing certain financial hurdles that can be difficult to overcome, especially when these problems are equally unique and don’t often come up in textbook cases.
Creative solutions are also something that an accountant needs to be able to come up with, as the business landscape is dynamic and at times unpredictable.
All industries are highly dynamic in nature, and accountants need to be able to effectively respond to changes in industries and working environments.
Nowadays, offices can change really quickly and accountants need to be able to adjust to these alterations. Quality service is made possible when regulatory changes in the business and industrial sector is responded to as soon as possible, and accountants that stay on top of the latest trends and demands in the business sector are able to adapt to this shifting landscape.
Communication skills are highly valuable no matter where you are and what you do, and accountants needs these skills especially.
Being able to communicate, translate, and interpret complex and intricate things such as market trends, statistics, and jargon is crucial not only saves time for both accountants, their clients, and co-workers, but it also allows everyone to grasp a better idea on what is going on in the industry and where the business is headed as a whole.
Interpersonal skills are also useful when it comes to networking and establishing relationships with people that will reap benefits in the long run, and first impressions are key for this. This is also why you can see accountants (or anyone in the corporate world) often well-dressed.
The ability to lead and work with other people is a much-needed trait for any employee in any workforce in any industry. In real life, accountants often found working in teams to come up with solutions and strategies for business’ finances.
You will rarely see a lone accountant crunching numbers in a single office cubicle. As much as this is an integral part of an accountant’s daily work, data analysis will still take up a long time, and raw data can take a long time to compile and translate into meaningful statistics and graphs.
Accountants also need to consult with each other for these solutions to know which ones will provide the best avenues for growth.
Clients are just as varied and dynamic as the business and industrial sectors themselves, and accountants need to be able to adjust to their clients in order to meet their requirements and help their businesses out.
Not only does this help them decide which accounting solutions could fit the business as well as maximize profits, returns, and investments on the part of the client, but will even allow accountants to impart much-needed insight and advice to their clients.
Interpersonal skills are also valuable in certain situations, and can greatly benefit both accountant and client. For the accountant, this will bring positive response and recommendation, which can in turn bring them to more clients for them to work with.
(Disclaimer: This list is compiled in no particular order.)