Outsourcing Accounting And Bookkeeping


If better financial management for your small business bookkeeping is your resolution, an outsourced accountant or outsourced bookkeeper might be the answer to your wish. Among small business owners that value their time and efficiency, outsourced accounting and outsourcing bookkeeping are very attractive and cost effective solutions. Let's review the basics when searching for just the right small business accounting procedure for your small business.


Work Only With an Experienced Accountants and Bookkeepers


When researching various firms, be sure that you ask relevant questions about their experience. If possible, get client references for companies around the same size and type of industry as yours - and request that you speak with them yourself. Review resumes, and do a phone interview. Sometimes a phone interview with former employers of a bookkeeper (sometimes misspelled book keeper or bookeeper) or accountant can be more valuable than a resume. Don't be afraid to ask detailed questions and politely press beyond pleasantries.


Request a Summary of Qualifications for Each Candidate


You can work with your small business consulting firm and carefully screen their applicants - they will supply you with a summary of confirmed qualifications. Qualified accountants and bookkeepers ensure that your finances will be maintained properly. And be sure that the candidates are up-to-date on the latest technology, especially your accounting software (likeQuickBooks from Intuit, which enjoys a market share majority). Also, candidates must pass a background check. You want only the most qualified accountants and bookkeepers working on your very confidential material.


Verify That The Candidates are Flexible Enough to Fit Your Needs


Work out a "job description" with your outsourcing firm. Services should include accounts payable management, accounts receivable management, bank reconciliations, inventory management, recording and reconciling payroll transactions, revenue reconciliation with bank deposits, to name but a few. These services should be flexible, so you can scale your requirements up or down at any time. Half the battle with bookkeeping (sometimes misspelled book keeping or bookeeping) is setting up your bookkeeping systems right from the start.


Be Sure That The Outsourcing Firm Provides Candidates That Match Your Budget.


Outsourced bookkeepers and outsourced accountants can potentially save you up to a 30% PLUS the cost of in-house resources. However, you still need to fix a budget that is affordable for you, and then stick to that budget.Outsourcing accounting, or even just outsourcing bookkeeping, can actually improve accuracy and efficiency as well as direct costs because many outsourced accounting firms and outsourced bookkeeping firms are set-up with scaled operations that your small business might not be able to match.


Outsourced accounting and outsourced bookkeeping (again, sometimes referred to as book keeping or bookeeping) might be the most useful business decision you make in 2010. While it has benefits as well as risks associated with it, if you make informed decisions, the benefits will far exceed the risks for your small business.


You may consider using Accountants Guaranteed.Com. They can take a lot of the legwork out of the process at no cost to you. They offer a free research service that helps put small businesses together with screened bookkeepers and accountants. If you have further questions regarding small business accounting and bookkeeping needs, contact them at www.AccountantsGuaranteed.Com. Their research service is free to small businesses.