Don’t Settle for Any Accountant

Your practice is stronger when you have strong support.

I always tell people they need these 4 expert relationships to manage their practice efficiently. Read about why you need a lawyer and a relationship with your financial institution as well.

#1 of the 4 is an accountant.

Of course, we know that your accountant manages your books and does your taxes.

Not all accountants support your practice’s growth. Some accountants hold you back.

One practice owner I was consulting hired an accountant who was waving red flags.

When I came in to talk with them about implementing key performance indicators (KPIs), the accountant wouldn’t speak to me.

I reviewed their financials myself and found multiple mistakes in the balance sheet, P&L, and expense reports.

For example, payments for the alarm system were being put on the balance sheet, which is supposed to be a snapshot of overall financials, not a record of specific payments.

You can’t hire just any accountant.

You need an expert accountant who will see the big picture.

You need an accountant who evaluates your practice’s past, present, and future to facilitate growth.

Bring this Guide to Practice KPIs to your accountant as a way to measure their dedication to growth. Are they open to discussing it with you?

Tell me how the conversation goes.