Changing Accountants Made Easy

A Guide to Changing Accountants

The decision to change accountants is not often taken lightly and our simple guide takes you through the 3 step process to make it as hassle free as possible.

Step 1 – Make the decision and find your new accountant

Take time to find an accountant that suits your needs, that you are comfortable with and works in a way that suits you and your business. Ask people you know if they could recommend an accountant and speak a couple to get a feel for how they work, what fees they charge and what’s included in the service.

Step 2 – Pick the right time to change and Inform your existing accountant

Picking the right time to change your accountant can be tricky. Often it is good to change at the end of the financial year so that any loose ends can be tied up easily but this is not always possible. Pick a time that suits you and your business, a time where there is not much accountancy and bookkeeping work going on so that the impact on your business is minimal.

You also need to make sure that you have everything up to date and have paid any outstanding fees.

Step 3 – Your new accountant contacts your existing accountant

Once you have notified your existing accountant and given them permission to speak to your new accountant, your new accountant will contact your existing accountant to request ‘professional clearance’ and the relevant documents they need to set their files up. Your existing accountant should provide these in a ‘reasonable timescale’

That’s it! If the process is approached in a professional, business like manner it should be a smooth transition to change your accountant.

Some things to look out for:

•Check your agreement with your existing accountant for clauses and notice periods.
•Pay any outstanding fees to your existing accountant.
•Make sure you have done everything you need to do to bring your affairs up to date.
•Agree a date when you will change over so that all parties are clear on when it is to happen by.

If you would like to find out more, or talk to us about changing accountants get in touch for a FREE no obligation chat.