Accountants are busy. There is a shortage of accountants across Australia the media cries. What does this mean to a small-business owner? It means delays in processing your company tax returns and producing your company financial statements. Is this acceptable? No it is not acceptable but it appears to be inevitable. Many of the business I speak to in the same predicament. It is in your interest to get your financial statements processed as soon as possible. It will allow you to review historical information, assist in the creation of budgets, and enable you to roll your MYOB data file. It is however at times that can be easily forgotten.
The squeaky wheel gets the most oil.
Once you have submitted all of the financial year documentation to your accountant ask them for a timeframe for processing it. Typically they will review what you have submitted, come back to you with questions, you will answer them, they may seek further clarification, again you will answer them, and finally your financial statements will be issued. Understanding this process and the suggested timeframe that your accountant gives you will allow you to progress chase. Enter their proposed timetable in your calendar, and continually communicate with them; Are they on track? Do you have any questions for us? You need if any further information? When will they be ready? Hopefully polite and regular communication, will encourage your accountant to process your accounts sooner rather than later.
from Heather Smith ~ MYOB Certified Consultant