3 Questions to Ask When Hiring a Bookkeeping Service for Your Small Business

Posted on Posted in business accounting news

If you are a small business owner, you undoubtedly face a myriad of tasks that all have to be accomplished immediately. Juggling everything can be hard. Outsourcing your accounting and bookkeeping functions to a bookkeeping service or accounting service is a wonderful way to improve your operations and save money. According to Forbes Magazine*, 85 percent of companies that outsource are more likely to achieve profitable, sustained growth.

Accounting and bookkeeping are two of the best tasks to outsource. After all, your cash flow and profit margin are probably vital to your small business. The financial health of your company depends on having excellent bookkeeping and accounting.

So, how do you find the right small business bookkeeping service for your company? One way is to ask yourself these three questions when evaluating a firm’s accounting and bookkeeping services.

1. Do They Offer Services Customized for Your Business?

A startup that has monthly expenses of less than $10,000 will have very different accounting needs than a large enterprise with monthly expenses more than $100,000. Therefore, it is essential that you look for bookkeeping and accounting services that will be tailored to your needs. Also, ask whether or not they have experience providing bookkeeping for your particular industry.  You want a service that understands your business.

2. Can You Trust Them?

Hiring an untrustworthy bookkeeper or accountant can severely hinder your operations. That is why it is important to ask whether or not the service conducts background checks on employees. Also, inquire whether or not the services are all performed by the team in-house. This will help cut down on opportunities for fraud.

3. Do They Offer Fixed Pricing?

Skip any bookkeeping or accounting service that offer hourly pricing. Although this may seem cheaper, this pricing model does not work when it comes to corporate bookkeeping. Instead, look for a small business accounting service that offers a low flat monthly rate, like the bookkeeping services provided by ABusinessManager.com. We offer a simple pricing structure and spells out exactly what is included in the monthly rate. Transparent pricing will make things so much easier.