Why Is a Good Accountant Important – and How Can You Recognize One?
A good accountant plays a key role in the life of a business – whether it’s starting up, managing day-to-day operations, changing the taxation method, or preparing for important financial decisions. Accounting is not just an administrative task: it lays the foundation for financial security and stable operations.
Many people don’t realize how significant the differences between accountants can be. That is why it is essential to entrust your business finances to someone who is truly reliable, knowledgeable, and responsible. Here are the key indicators of a truly professional accountant:
1.Written Agreement
A proper accounting engagement always starts with a written contract, clearly outlining the rights, responsibilities, and liability boundaries of both the accountant and the client. This provides security for both parties.
2.Professional Liability Insurance
A responsible accountant holds professional liability insurance. This not only protects their work but also safeguards the interests of their clients – ensuring coverage in case an error does occur.
3.Own Client Portal Access
A trustworthy accountant submits tax returns using their own access credentials to the official electronic administration portal (Ügyfélkapu), not the client’s login. They also provide their own contact details for dealings with authorities – indicating transparency and professionalism.
4.Listed in Public Registers
Qualified accountants are listed in official public registers maintained by the Ministry for National Economy. These registers confirm their qualifications and participation in mandatory continuing
education:
5.Certified Qualification
A certified ("mérlegképes") accountant possesses complex, up-to-date knowledge that enables them to provide full-scope accounting, payroll, tax return preparation, and financial reporting – far beyond simple data entry.
6.Official, Invoice-Issuing Operations
An honest accountant operates legally – as a sole proprietor or company – with a registered tax number and always issues invoices for their services.
7.Reliability and Availability
It is important to work with someone who is easy to communicate with, readily available, and responsive. A good accountant keeps clients informed about deadlines, taxes due, and regulatory changes – not just after problems arise.
8.Planning and Foresight
A truly professional accountant doesn’t just “record the past” but helps plan for the future as well. They stay up to date with tax law changes, offer proactive tax-saving strategies, and help ensure your business operates in a financially predictable and optimized way.