One of the smartest investments you can make as a Small Business Owner is to engage an accountant to help you grow your business. This singular action will help you stay on top of your finances, and transform the numbers that run your business into insight you can use to improve it.

Where do you start when you consider setting up the accounting system of your business? What information should you give to the chief custodian of your accounting function? What value should this service provider add to your business, for the business to get the most from such expertise?

The answers to these questions depend on the type and nature of your business. Whatever they are, having year-round checklists is a good place to start. The checklists should cover the things you want to pass to the accountant, and what you want your accountant to put on the table in return. Whether you hire a full-time accountant or outsource the function, your main objective is to act and be guided by the need to make accounting a year-round work, not work that should wait until the last minute, to be done without plan or purpose.

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