If you are like most small business owners, you only think about your financial records once a year, but how do you keep your books up-to-date the rest of the year?
Simple: delegate and look to hire an outsourced bookkeeper.
Your bookkeeper has a direct impact on your organization by gathering all the information you need to stay compliant. So when looking for the right outsourced bookkeeping service, consider all your options.
Determine Your Needs
Do you need to have someone at your office every day? Are you using bookkeeping software like Xero and QuickBooks, and only need someone to reconcile your data once a week or twice a month? What are you hoping to accomplish by outsourcing your bookkeeping?
Think About Specifics
It is essential that your bookkeeper understands your industry and has experience in that particular sector. This type of bookkeeper will have a better understanding of the specific needs and compliance issues that surround your company. For example, if you own an agency, look for someone who has experience working with agencies, and understand how they bill; this will help save time as you will not have to stop and explain simple industry standards.
Ask for Recommendations
When reviewing companies or resumes, take the time to do your research. Ask for recommendations and then follow up. Ask their references if they are happy with the element of service they are receiving and if there is anything they would do differently. Again, it's about finding the right fit for your organization.
You will get more out of your bookkeeping experience if you better understand how your bookkeeping team works. Before you hire anyone, ask lots of questions. Listen to their answers and determine whether or not they can explain situations in simple English, or if they continue to talk above your head. Are they addressing your concerns and needs? Do they have a plan for tackling your ledgers and records? Look for a team you feel comfortable with, and who can communicate using terms you understand.
Look for a Partner
Find an outsourced bookkeeper who offers advice and support as well as transactional and recording services. Outsourced bookkeepers work with lots of financial data, so they may be uniquely qualified to make suggestions or offer advice. Find someone willing to be a consultant and ready to make suggestions on how to improve your financial situation.
If you're ready to hire a bookkeeper to get a financial edge, Basis 365 can help. We offer outsourced bookkeeping services designed to save you time, leaving you free to focus on scaling your business growth. Reach out today and schedule your free consultation.