Simplifying the Complex: 12 Red Flags That Something Is Wrong with Your Accountant!

Entrepreneurs have frequently asked how to easily evaluate their accountant or understand when it is time to seek professional help. Based on our experience, we have identified the following 12 risks indicating that it would be best for you to request a professional evaluation of your accounting:

• The company’s revenue is increasing, but the cash balance in the account is not growing;
• The company is profitable and profits grow annually, but the entrepreneur has no funds available to pay out as dividends;
• The company is developing and making large investments, and revenue is growing, but profit remains non-existent;
• You have entrusted credit tools to the accountant, and while reviewing bank statements, you notice several transfers that you do not understand;
• The accountant is out sick, but you need to make an urgent payment to a supplier; upon opening the online bank account, you see that the last three transfers were made to the accountant’s personal account, labeled as advance payments to suppliers;
• The accountant arrives at work late and leaves early, yet you pay them a salary above the market average;
• The accountant, who does not work elsewhere, drives a latest-model premium class car despite a relatively low salary;
• You accidentally discover that neither the accountant nor their family owns the house or apartment where they live;
• The company needs to attract investment, but there are problems with preparing interim financial statements, and the process is dragging on;
• After preparing interim financial statements, the bank or investor denies your request for new investment;
• Seemingly innocent letters regarding data discrepancies begin to arrive from the SRS (State Revenue Service);
• Your company has a tax debt, but the accountant does not even inform you about it;

If you sense these or other types of risks, our team is ready to help you evaluate your accountant—contact us right here on our website!

By applying for the service on our website, you will receive a free solution
for accounting data migration to facilitate a smooth start to our cooperation, as well as
a 2-hour free consultation on how to improve your business operations!