{"id":14161,"date":"2026-09-24T10:05:36","date_gmt":"2026-09-24T07:05:36","guid":{"rendered":"https:\/\/starthubafrica.org\/blog\/?p=14161"},"modified":"2026-09-24T10:17:53","modified_gmt":"2026-09-24T07:17:53","slug":"how-do-you-know-if-your-accountant-is-good","status":"publish","type":"post","link":"https:\/\/starthubafrica.org\/blog\/how-do-you-know-if-your-accountant-is-good\/","title":{"rendered":"How Do You Know If Your Accountant Is Good?"},"content":{"rendered":"<p><span data-contrast=\"auto\">Having an accountant does not automatically mean your business finances are in good shape.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">A business can have someone preparing accounts and filing returns while the owner still doesn&#8217;t know how much the business is really making, where the money is going, or whether there are financial problems that need attention.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">A good accountant should do more than record transactions. They should help you <\/span><b><span data-contrast=\"auto\">understand your numbers, stay compliant, and make better financial decisions.<\/span><\/b><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">So, how can you tell if your accountant is actually doing a good job?<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<ol>\n<li aria-level=\"2\">\n<h3>You Understand Your Numbers<\/h3>\n<\/li>\n<\/ol>\n<p><span data-contrast=\"auto\">You should not need an accounting degree to understand what is happening in your business.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">A good accountant should be able to clearly explain your revenue, expenses, profit, cash position, debts, and tax obligations. If you regularly receive financial reports but have no idea what they mean, something is missing.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">For example, if your business made UGX 100 million in sales but you only have UGX 5 million in the bank, your accountant should be able to help you understand why, and whether that is a problem.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<ol start=\"2\">\n<li aria-level=\"2\">\n<h3>They Don&#8217;t Only Talk to You When a Tax Deadline Is Near<\/h3>\n<\/li>\n<\/ol>\n<p><span data-contrast=\"auto\">An accountant&#8217;s role should not begin and end with filing tax returns.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Good financial management requires regular attention. Your accountant should help you identify issues early, rather than informing you about them when a deadline has already passed or a penalty has already been incurred.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Regular reviews can help identify unusual expenses, cash-flow problems, unpaid invoices, tax obligations, or other issues before they become expensive.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<ol start=\"3\">\n<li aria-level=\"2\">\n<h3>Your Tax Obligations Are Properly Managed<\/h3>\n<\/li>\n<\/ol>\n<p><span data-contrast=\"auto\">A good accountant should help you understand what taxes apply to your business and when they need to be paid.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">This includes keeping track of relevant filing deadlines, maintaining proper records, and ensuring that tax returns and payments are accurately prepared.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">They should also help you understand legitimate tax planning opportunities rather than simply telling you how much tax you owe after everything has already happened.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<ol start=\"4\">\n<li aria-level=\"2\">\n<h3>Your Records Are Always Up to Date<\/h3>\n<\/li>\n<\/ol>\n<p><span data-contrast=\"auto\">If you ask your accountant for your latest financial position, you should not hear, <\/span><i><span data-contrast=\"auto\">\u201cLet me first update everything.\u201d<\/span><\/i><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Your financial records should be maintained consistently throughout the year.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Bank transactions, sales, expenses, invoices, payroll, taxes, and other relevant records should be properly captured and reconciled. This gives you a reliable picture of the business at any given time.\u00a0<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<ol start=\"5\">\n<li aria-level=\"2\">\n<h3>They Ask Questions About Your Business<\/h3>\n<\/li>\n<\/ol>\n<p><span data-contrast=\"auto\">A good accountant should understand more than your spreadsheets.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">They should know what your business does, how it makes money, what your major expenses are, and what financial challenges you are facing.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">If your sales suddenly increase or your expenses rise significantly, they should be curious about why.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">That understanding allows them to provide advice that is relevant to your actual business, not generic financial advice.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<ol start=\"6\">\n<li aria-level=\"2\">\n<h3>They Help You Prepare for the Future<\/h3>\n<\/li>\n<\/ol>\n<p><span data-contrast=\"auto\">A good accountant should not only tell you what happened last month. They should help you think about what comes next.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Whether you&#8217;re considering hiring employees, buying equipment, taking on a loan, opening another branch, or seeking investment, your accountant should help you understand the financial implications before you make the decision.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">For example, if you&#8217;re considering a UGX 200 million business loan, they should help you assess whether your cash flow can realistically support the repayments.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<ol start=\"7\">\n<li aria-level=\"2\">\n<h3>You Feel More In Control, Not More Confused<\/h3>\n<\/li>\n<\/ol>\n<p><span data-contrast=\"auto\">Perhaps the simplest test is how you feel about your business finances.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">After speaking to your accountant, do you have a clearer picture of where the business stands and what needs to happen next?<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Or are you left with more questions than answers?<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">A good accountant should bring<\/span><span data-contrast=\"auto\"> clarity, structure, and confidence to<\/span><span data-contrast=\"auto\"> your financial management.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<h3 aria-level=\"2\">Your Accountant Should Be More Than a Number-Keeper<\/h3>\n<p><span data-contrast=\"auto\">Your accountant plays an important role in helping you understand the financial health of your business.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The right support should help you maintain accurate records, stay compliant, identify potential problems early, plan ahead, and make informed decisions.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">If your accountant only appears when it&#8217;s time to file a return, it may be worth taking a closer look at whether your business is getting the financial support it needs.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Having an accountant does not automatically mean your business finances are in good shape.\u00a0 A business can have someone preparing accounts and filing returns while the owner still doesn&#8217;t know how much the business is really making, where the money is going, or whether there are financial problems that need attention.\u00a0 A good accountant should [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":14162,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[172,183,26,45,40,159,211],"class_list":["post-14161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-compliance","tag-accounting","tag-costs","tag-starthub","tag-starthub-africa","tag-startups","tag-ura","tag-vat"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How Do You Know If Your Accountant Is Good? 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