Accountants are trained professionals, who are able to look after all aspects of an individual’s, or organization’s finances. If you live in Bath, and you are looking for an accountant, it can be difficult to know who to pick. In order to choose the best accountant, you first need to decide what type of accountant you need to hire. There are three main types of accountant: chartered, management and forensic. This article takes a look at what each of these accountants offer, and how to pick the right accountant for your needs.
A chartered accountant is s broad term given to a British accountant. They are adaptable, and able to work in a number of different environments and settings. Chartered accountants may specialize in one area, but they will all have basic skills in auditing, assurance, accounting tax, business advisory, management consultancy, systems and IT and corporate finance. They may also work in venture capital and equity management, when they are positioned within the public sector.
Management accountants work for businesses and organizations in both the public and private sectors. They are able to assist an organization’s management team on all aspects of finance. They can be hired on a part-time or full-time basis from an accountancy firm. Some accountants may be employed directly by the company. Management accountants are an important aspect of any business, as they provide clear financial information, which will result in better decisions made for the growth of the company.
A forensic accountant is hired when a company has to go through a detailed auditing process. They are often hired by legal teams, when they need to work out if an organization has been honest and correct with their finances. Forensic accountants are an important part in fraud management and litigation support.
If you are looking to hire an accountant in Bath, it is vital that you choose a reputable company or individual who is fully qualified to do the job. Always ask for references and testimonials from previous clients, so you know they can be trusted with your finances in their hands.
There are several firms of accountants in Bath, but few offer the wealth of services that RD Owen & Co can boast. For consultancy, tax accountants or business support services visit www.rdowen.com.