- September 5, 2016
- Posted by: STERLING FINANCE
- Category: Accounting, Your Business
Choosing an accountant can be a somewhat daunting undertaking. It is a saturated market with many companies boasting similar profiles. When being approached by clients the team at Sterling Finance are often surprised the main question is of cost. However, when choosing an accountant it is equally important to consider their credentials and accreditations. If your accountant is cheaper, there may well be a reason for their reduced cost. Your account should add value to your business, but cut price, low cost service could well, in the long term, be to your detriment. Often lower cost, unqualified accountants do the minimum work and cannot provide the same level of support.
All accountants must pass a number of exams to ensure they are fully qualified in advising and supporting their clients. At Sterling Finance we are proud of the hard work and determination that has seen our brand name grow throughout Greater Manchester. Our founder, Kamlesh Rajput, has a long illustrious career within the finance sector. Starting as an honorary Lecturer in Banking and Business Finance, before joining the banking sector and working throughout the United Kingdom. Having passed fourteen exams to become a trained account Kamlesh:
- Gained three years’ experience at a top firm
- Took a specialised exam to obtain a practitioners license
- Created links with other chartered qualified accountants to protect his clients
- Provides annual evidence of spending a minimum of 25 hours training
- Renews his accountancy license yearly.
We advise any business owners or individuals to ask to view their accountant’s bio sheet. This should allow you to explore their accreditations as well as view their exams taken to ensure they are of the highest quality.
Having an accountant who is supported by regulatory bodies is of immense importance. In the UK there are several such bodies all working to authorise accountants as well as holding them to account. Not only do they ensure your accountant works to the highest possible level, but also provides you with an outlet with which to complain against any misconduct or report any mistakes made. Supporting your accountant and protecting you make sure your accountant is a member of one of the following bodies:
- ACCA Association of Chartered Certified Accountant
- ICAEW Institute of Chartered Accountants in England & Wales
- ICAS Institute of Chartered Accountants in Scotland
- CIMA Chartered Institute of Management Accountants
- CIPFA Chartered Institute of Public Finance & Accounting
- CAI Chartered Accountants Ireland
- CIOT Chartered Institute of Tax Adviser
At Sterling Finance you can check our licence on the following link – https://www.acca-business.org/dom/.
Ensure to ask your accountant about his regulatory body, they are of immense importance and act to support any practicing accountants. So we advise all business owners and individuals when researching accountants to ensure they are friendly, approachable, qualified and have a practicing licence.
The author is Kamlesh Rajput Founder of Sterling Finance UK Limited