How to Choose the Right Accountant Looking for an accountant is much like looking for a partner in business. This accountant will be someone you can trust and depend on for advice and guidance through the growth of your small business. How do you know if you’ve got the right one? CPA/CMA Certifications First things first – look for certifications. A CPA holds an undergraduate degree and has passed exam and experience requirements to be granted certification. A CPA needs further and ongoing courses to keep his certification and license. A CMA (Certified Management Accountant) is an individual trained to handle the demands of current accounting requirements, on top of being part of a company’s management staff.
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CPAs and CMAs both need to pass an exam, get business experience, and acquire ongoing education credits. CMAs are great for young, beginning companies which need guidance in their financial business management affairs and internal control. CPAs, on the other hand, have additional designations, including Certified Valuation Analyst (CVA), Personal Financial Specialist (PFS), and Accredited in Business Valuation (ABV).
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Business Expertise Aside from certifications, you also need an accountant who has some level of expertise in your type of business. For instance, there are firms that specialize in auto dealers, plumbing contractors, and so on. These specialties are based on the industry as well as the services provided. Sometimes, accounting
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