Free consult & free copy of book

E-Myth – “Why most small businesses don’t work & what to do about it”

Contact Us


Most 5 star CPA Google reviews in Canada

Read Reviews

Chartered Professional Accountants E Myth

1 Fixed Monthly Fee - Planning | Accounting | Taxes | Consulting

Helping Canadian businesses beat the odds!

Edmonton Tax Accountant | Is Efficiency Important In Accounting

It may be difficult for entrepreneurs to know everything that they should take into consideration when hiring an Edmonton tax accountant for the first time for their business. However, there are some easy things that they can keep in mind when they are looking at different firms to hire that can help ensure that they are hiring the right one for their business. One of the first things that they should be looking for is an accounting firm it is going to be able to work efficiently. Since most accounting firms charge an hourly rate, entrepreneurs should be satisfied that they are able to work efficiently as possible, so it translates into lower fees for them.

One thing that entrepreneurs should for to ensure that their Edmonton tax accountant is able to work efficiently, is a firm that has all of their accountants coming into the office. While many professionals are moving towards with called a laptop lifestyle, not only is this not the most efficient style of work, but it is actually quite inefficient. People who are working off of their laptop tend to also multitask. Not only is multitasking not effective at getting more accomplished, but because it does not allow people to reach their brains peak productivity, it ends up being even less efficient than people believe. Therefore, when entrepreneurs see that there accounting firm allows their accountants to work off of the laptop from wherever they want, that should cause them to be concerned.

One of the reasons why many accountants believe that they can work more efficiently on a laptop, is because they use accounting software to automate several processes, so that they can be efficient for their clients. And while it is true that accounting software and technology can help Edmonton tax accountant firms automate certain processes, that does not mean that they should use it for everything.

The best uses for automating processes is on low-level tasks. That way, the Edmonton tax accountant will be able to spend more time and more efforts working on the high-level work that can actually make a difference to an entrepreneur. Examples of the high-level work that cannot be automated are multifaceted business plans that will help in entrepreneurs succeed on several levels. As well as financial plans that can help entrepreneurs minimize the taxes that they pay in their business. While these 2 things are extremely important for business owner to have, if an Edmonton tax accountant automates those processes, it is quite a good chance that those high-level processes will not be very effective for the entrepreneur.

Therefore, entrepreneurs should be aware of how their 10 tax accountant works, so that they end up getting high quality of service, for the hours that they are getting billed. Not only that, but the more efficiently their accountant is able to work, the lower there will will be. Meaning the best accountant for their business will be able to give them the best tools possible at a lower cost than laptop lifestyle accountants.

Edmonton Tax Accountant | Is Efficiency Important In Accounting

It is very important that entrepreneurs are comfortable with how their Edmonton tax accountant works. The reason why, is because since most accounting firms charge an hourly rate, and entrepreneur should be satisfied that they are working is efficiently as possible, so they are not paying their accountant a lot of extra money for downtime.

When example of this, is if an Edmonton tax accountant firm allows their accountants to work off of a laptop anywhere they want. While this might sound like a great idea, which allows an accountant to multitask this in practice is a very terrible idea. The reason why, is because laptops are much less efficient than a desktop computer. Therefore, accountants that are working off of the laptop are typically accomplishing less for their billable hours.

Also, entrepreneurs take into consideration that not only are they working less efficiently, but there Edmonton tax accountant is probably going to have more problems on their laptop that is going to take a longer time to troubleshoot. Even by allowing tech-support to remote into their top to fix, it is still joint to take a lot longer to fix problems on a laptop and a desktop computer. And not only might this give entrepreneurs a larger bill for the downtime. They also might want to consider what type of work their accountant is not getting done when their spending so much time on an inefficient machine.

It is also important to note that there is a lot of collaboration that can happen in an Edmonton tax accountant office that is impossible to happen on a laptop. Even with great screen sharing software, and remote access, when an Edmonton tax accountant works alone, they do not have the collective wisdom of their coworkers helping them out. For example, if an accountant encounters a problem that they do not know how to solve, when they work alone they simply are accomplishing less water figuring out the solution. However, inside an office, and accountant will be able to ask their coworkers to help out, and chances are if of them has not already seen it before, they will be able to collectively work together and solve the problem much faster. Ending up with the client getting a great solution, at a lower price to them.

Another important aspect of working in an office environment rather than on a laptop somewhere, is that working as a team in a single location is very motivating. Whether it is in Edmonton tax accountant, or any other industry, people gain their motivation from progress. Meaning if an accountant is having a hard time getting motivated themselves, seeing other motivated workers around them can help them get started, and stay working even if they do not feel like that. That is not possible when working alone.

By taking a look at how their Edmonton tax accountant allows their accountants to work, and ensuring that they are working efficiently give many entrepreneurs peace of mind. Since they want to ensure that they are getting the best accounting services at an affordable price, business owners should look to see how their accountant is working in order to be satisfied that they are right accounting firm for them.