Choosing the Bookkeeping Firm that is Right for your Business
Published on : Sep 01 2011
In business, your vendors and service providers are your partners in pushing your small business to the next level of success. Indeed, as your business grows larger, the demands of your company (as well as its ability to hire) will mean that you are able to outsource some key services or hire someone else to do it for you. With this setup, hiring service providers, frees up your time so you can focus on other areas of your business.
One important service provider is your small business accountant. Making the right choice of accounting and bookkeeping service provider will help ensure that you have accurate financial reports (or in some instances sound financial advice) which will in turn help you make better decisions for the future of your business.
At PASBA, we help small business owners locate and hire that special bookkeeper or accountant that will fit right in to your company. Below are some helpful tips for choosing the bookkeeping and accounting service that’s right for you:
Accounting know-how. If your business is small, it may still be manageable for you to do the bookkeeping and accounting yourself. Sometimes small business owners ask a loved one or friend to do this job. However, unless you or your loved one/friend is an accounting expert, you may not being getting all the financial reports you need to keep an eye on how well your business is doing in certain areas. Certain reports and forms must be submitted to the IRS. You may find yourself levied with a heavy fine if these documents aren’t filed properly and on time. With the right small business accounting service provider, you are assured of a certain level of know-how and expertise that can help ensure that your financial reports are accurate and based on sound accounting principles.
- Experience. When choosing a bookkeeper, take a look at their resume to see the number of years they have been in the business, the type of companies they have worked for, as well as the reputation they have built.
- Technological savvy. A good accountant should be familiar with the most popular accounting software programs. When it comes to bookkeeping software like Quickbooks and MYOB, your bookkeeper should have a few years’ working with these programs.
- Speed and efficiency. Your accountant or bookkeeper should not only be accurate but also fast and efficient. They should be able to deliver your requirements on time.
- Support services. As your business grows, it is crucial to ensure that your accounting partner is one that will also be willing to provide you with the necessary support services. You should determine whether they are willing to go the extra mile to give you the information you need or educate you on aspects of accounting or bookkeeping that you don’t understand. You should also be able to call them anytime to ask about the books and financial reports.
- Good communication. A good provider should be able to easily give you an overall view of company finances just about any time you need it. Look for an accountant who can and will answer your questions promptly.
The Professional Association of Small Business Accountants (PASBA) helps you make that vital connection to a qualified professional accountant who will keep all your bookkeeping tasks up to date and in good order.
PASBA member accountants bring the collective resources of a nationwide network of Certified Public Accountants, Public Accountants, Enrolled Agents and other practitioners available to answer your tax and financial questions and streamline your business accounting, bookkeeping, and payroll operations. To find a trusted accountant in your area, visit www.SmallBizAccountants.com.
Please be advised that, based on current IRS rules and standards, any advice contained herein is not intended to be used, nor can it be used, for the avoidance of any tax penalty that the IRS may assess related to this matter. Any information contained in this article, whether viewed or subsequently printed, cannot be relied upon as qualified tax and accounting advice. Any information contained in this article does not fall under the guidelines of IRS Circular 230.
Copyright Information 2011 Professional Association of Small Business Accountants