How to choose the best accounting firm for your company?

Competition between accounting services in the UK has grown considerably in recent years, mainly due to the technological evolution that we have witnessed during that time. Many accounting firms and firms have developed their own applications to carry out the accounting of their clients, and among so many, it is very difficult and even overwhelming to know exactly which is a cheap accountant that best suits your business or the one that best meets the needs of the company.

However, there are certain points that you can take into account to find the best option for you. These guides will be very important for the decision you are going to make and will require that you really analyze each one well and land them depending on the type of company for which you require the services.

Budget: the first thing is, without a doubt, the budget you have. There are offices and even applications that can be very cheap and that adjust to what you are willing to invest, but they probably will not give you all the services you need. In that case, it's best to adjust your budget to have a little more flexibility when making a decision. On the other hand, don't be fooled by services at exorbitant prices, many times this is due to the reputation of the firm you are dealing with. Expensive is not always better. Finding a balance between needs and price is the goal.

Reputation: As mentioned in the previous point, there are accounting firms that have a reputation for their long history, or simply because they belong to an international corporation, for example, Deloitte or PWC. These firms are obviously the best, and they will provide you with all the services you want, but at a very high price. These types of offices are generally focused on serving very large companies. However, if you have the possibility of having their services, go ahead, there will be no failure.

Type of service: today there are two: traditional and virtual. It depends on you or your company which one is the best. The traditional service is one where an accountant will personally take your accounting and provide you with personalized service. You will be able to call him when you need some kind of advice and you will have a more human experience, and that is the biggest advantage of traditional services. You can have a person focused on your business 100% whom you can consult when you need it. On the other hand, the virtual service is one that is given through applications. There are many and very good ones, it is a matter of researching the best one for you. Its greatest advantage is that you have everything you need at hand at any time of the day, and it is sometimes much cheaper than a traditional service. However, sometimes they don't provide all the services you need and interaction with humans - for a personal consultation, for example - can be very limited.

There are many very good accounting firms and firms in the UK, not to mention virtual services, it is just a matter of knowing very well the needs and limitations you have, doing your research and finding the best option that can be adapted to you.