Monday, 6 April 2015

Best tips for outsourcing your business accounting needs

In today’s world of cloud computing and outsourcing, the business accounting needs is one of the best business strategy that you can outsource to third party and get benefited. Instead of hiring an in house accountant, it’s better to outsource this process to a certified accountant who is going to work from remote location. So what are the best tips when you want to outsource your accounting work? We tried to answer the aforesaid question in the quick write up below. Have a look and find out for yourself.

Cloud based software
First and foremost parameter to outsource your accounting services is that the software that your vendor is using should be cloud based or web based. The benefit of this feature is that you can check you financial credentials anytime from any mobile device or just sitting in your office. You should remove from your list any vendor that doesn’t provide this kind of functionality, as it will be really cumbersome to ask every time your accountant to provide any statement you need.

Experienced and Certified Staff
Before finalizing out on any accounting agency for outsourcing your accounting needs you need to make sure that the staff and agency has got ample number of certified and experienced staff. One more thing to keep in mind is that the accounting agency should have experience in your field or work of business because different businesses have different needs and accounting practices. If you hire an accounting agency that doesn’t have experience in your field then there will be learning curve involved due to which you can loose your valuable time and money.

Communication skills
In modern age of communication where offices are spread across continents, it’s all the most important that your outsourced accounting vendor should possess good communication skills. He/she should be able to fluently talk in your language and there should be no communication gaps as such. Apart from this other regular communication methods such as emails, instant messaging and video conferencing should be regularly used since the person is not sitting in your office and you need to get updates as much as possible.

Cost and charges
Different vendors will offer different cost for the amount of work you want to get done so make sure you make the right choice in choosing your outsourced accounting services. It actually depends upon your budget as well since a big company may charge higher, which may not be under your budget but a small company may seem cheaper to you. Make sure you make a perfect balance between your budget and the quality of service the outsourced accounting service may offer you so that you get the best out of it.

So here we are done with our article on best tips for outsourcing your accounting services, do let us know in comments how do you like this article. In case you have any questions, don’t hesitate to ask them.

Paula Barbuda (Certified Quickbooks Pro-Advisor) Partner at (We are QuickBooks professionals. We provide outsourced Bookkeeping services to CPA firms and small businesses. Our goal is to provide professional, affordable, and timely accounting services to small and medium business while adhering to high standards of quality and integrity.)