Introduction: Did you know that accounting firms have a secret blacklist? This list comprises clients that accountants commit to never working with again. While this may sound daunting, there are clear reasons why you might end up on this list and practical steps you can take to avoid it. In this blog post, we'll explore the concept of the accounting firm's blacklist and provide insights from Jon Markee, your Builder CPA, on how to stay off it.
The Reality of the Blacklist: All accounting firm owners have clients they vow never to work with again. This blacklist, whether documented or just kept in their heads, is real. Clients who are difficult to work with often find their names shared within the accountant network, impacting their chances of finding new accounting services. Staying off this list is crucial for your financial life.
Respect Requests and Deadlines: Accountants request certain documents and information to serve you best. Respect these requests and provide complete and accurate information promptly. If you have questions or don't understand the request, inquire politely rather than reacting negatively. Clear communication ensures that your financial reporting is accurate and timely, avoiding unnecessary delays and errors.
Maintain Clear Communication: Accountants dedicate time to communicate with you, so respond thoughtfully and promptly. If email isn't effective, suggest a meeting to discuss matters in detail. Clear and respectful communication helps maintain a positive relationship and ensures that your accountant can focus on delivering high-quality service.
Positive Tone and Attitude: Your attitude towards your accountant significantly impacts your working relationship. Avoid screaming, having a bad attitude, or challenging their fees disrespectfully. Such behavior can place you on the blacklist quickly. Accountants are professional and reserved, and maintaining a positive relationship makes transitions smoother if you ever need to switch accountants.
Cost of Being Difficult: Being difficult can backfire. It may lead to missed financial reporting deadlines, incorrect financial statements, and poor business decisions. Accountants may charge you more for the added hassle, and future accountants might price your reputation into their engagement. Respecting your accountant’s time and effort ensures better financial outcomes for your business.
Conclusion: Avoiding the accounting firm's blacklist is crucial for maintaining a smooth and effective financial management process. Respect requests and deadlines, maintain clear communication, and keep a positive tone and attitude. For more insights, watch our latest video where Jon Markee, your Builder CPA, discusses the importance of staying off the blacklist and offers practical tips to achieve it.
By following these guidelines, you can ensure a positive relationship with your accountant and receive the best possible service.