Companies hire accounting consultants to help identify and eliminate bottlenecks in their business, often requiring the consultants to source and implement new accounting solutions.
For some, seeking the expertise from someone outside the company can be an overwhelming experience, especially if this is your first time and unsure of what to expect from a consultant.
When hiring an accounting consultant, it’s important to find one that possesses these key skills:
- Specialized in analyzing, validating, and reconciling financial information
- Experience in driving business process improvements and system integrations
- Lead ideation of solutions to improve efficiency and productivity for client
The accounting consultant must the have the client’s best interests at heart. They are paid to make their knowledge and expertise available to the client. A consultant’s recommendation should represent his/her best solution for the client within the scope and budget parameters of the client.
A company should expect to see a proposal with a summary of findings and a recommended solution when working with an accounting consultant. The proposal would typically include the following:
- the scope of the project needs and desired goals
- a project plan where all services and products to be provided are stated
- timeline with the details of each phase of the project
- expectations of what the clients are to provide throughout the project
- a method of changing the scope of the project and the associated costs if the need arises
- payment schedule on the project
- mechanism for cancelling the project and associated costs
As such, a consultant must have confidence on his/her part to successfully complete the project. The proposal is an agreement that the end goal will be achieved in order to receive payment.
Posted on June 13, 2014 by Al Romeyn | Permalink