When looking to hire an outsourced bookkeeping department, you have to consider the current stage of your business. Do you have internal bookkeepers and accountants on staff? What are the goals of your business?
Running a business while managing the business’s financials is no small feat, which is why many owners outsource their bookkeeping and accounting functions. This ensures business owners have accurate financial statements while adhering to local, state and federal tax laws.
What Factors Should You Consider When Choosing an Outsourced Bookkeeping Service?
Bookkeeping Services Led by CPAs
CPAs must adhere to a code of ethics, which means they must act in the best interest of their clients. In order to keep their licensure, they’re required to meet a specified amount of continuing education hours per year. This forces them to stay current in accounting best practices.
Multiple Levels of Review
Outsourced bookkeeping services often include more than one employee on the account. Having levels of review can reduce fraud and ensure your books are accurate and up to date.
When employees feel valued, it reflects in the work they deliver to clients. Low turnover reveals a lot about the business and how they treat their stakeholders.
Strong Technical Expertise
Outsourced bookkeeping and accounting firms that make innovation a priority will help streamline your accounting procedures. A service with strong technical expertise can help implement new tools and applications to help save your business time and money.
When firms focus on training employees on new bookkeeping and accounting technologies, best practices and laws, it improves their performance and ability to deliver actionable financial statements to clients.
KRD Outsourced Bookkeeping Services
From professional development to strong technical expertise, KRD checks off all the boxes. Contact KRD today to see how we can streamline your bookkeeping and accounting functions so you can focus on your core business needs.