10 ways to reduce your accounting fees (Article)  

 16/04/2009 

Professional accountants are critical to the ongoing success of a business - but their fees can be exorbitant.

There are three key areas to focus on to minimise accounting costs - the selection process, the engagement, and the ongoing relationship.

Selecting your accountant
1. Find an accountant who specialises in small businesses. They’re going to be in a better position to understand your requirements.

2. Accountants with decades of experience are a great resource, but selecting one too close to retirement may mean you need to go through the process of bringing someone else up to speed with your records and knowledge.

3. Look for an accountant who uses a limited number of accounting software packages. An accountant who specialises in MYOB Accounting software and the integrated package MYOB Accounting Office reduces their processing time significantly and the savings can be passed on to you.