There are no shortages of South African accounting services; there are currently around 40,000 certified accountants in South Africa. Some work for large companies and others work in the smaller sector. South Africa is known around the world as the world leader in financial reporting, taxation and business advisory services. Choosing the right company will depend on what you need accounting services for. If you are looking for someone to do your taxes as an individual or as a small company then you may want a small company.
If you are looking for an accounting service for a large company then you may want a larger accounting service company. There are six different sectors in accounting in SA. They are auditing and advisory work, taxation, business consulting, insurance, actuarpracial work and management accounting. Decide what it is exactly what you are in of an account for and then you can decide which company you want to use.
It is OK to ” interview” accounting services, if you are not sure what SA accounting service you want to use then make a list of a few companies that fit what you are looking for. Not every accounting service will offer the same areas of expertise so before you waste your time asking questions, make sure that the firm you choose has the services you are looking for.
Then make a list of questions, such as how much do you charge per hour? How many clients does your firm handle, Do you have any letters of recommendation that I can see? If you have specific questions you want to ask, feel free. Any service that doesn’t want to answer your questions is a company that you don’t want to deal with.
The point of doing this research is to save you money as well as the assurance that you are hiring the right company; after all accounting is all about numbers and numbers usually represent money. Why place your trust in a company that cannot handle your case. Sometimes people or business owners want to feel like their case is the most important. If this applies to you then you may want to choose a smaller company that does not have a huge number of clients.
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It sound like a lot of work but in the end you want to hire one of the accounting companies that won’t cost you an arm and a leg and you want to hire a company that you can trust with your books. If it takes a few hours to make some phone calls then it is well worth it. If you are not satisfied, you can always try using an online accounting service, some of these services are free to use and you can control your own books.