Questions to Ask When Hiring an Accounting Service
Hiring the right accounting service for your business is not very different from finding a solution to a problem. Not every accounting service can be the right fit and not every service is independent. Ideally, it is recommended that a business hire an accounting service that can help in planning the business structure, strategize for growth and oversee business operations. The job of the accounting service is to ensure that a business’s books are compliant with all regulations and they also give you advice on tax-related concerns such as tax reductions and breaks. Apart from that, they also generate reports and conduct data interpretations that can be useful in making business decisions.
When you have a trustworthy and qualified accounting service, you can focus all your energy and time on expanding your business and creating revenue instead of spending your time in organizing your accounts. Ask the following questions to determine if an accounting service will be a good fit with your business:
Question 1: Have they worked in your industry and do they have references?
Choosing an accounting service is just like hiring an expert for your team. You are not just looking for someone who specializes in accounting; you want someone who has had some experience in the industry you work in. For instance, ecommerce businesses are liable to pay taxes and the IRS can be audited them. If you belong to this industry, you want to hire an accounting service that has worked with other ecommerce businesses because their expertise and experience can save resources and time. You can ask for references to validate their experience. Request them to provide client contact details or read the testimonials on their website.
Question 2: What is their opinion of your accounting system?
This question’s answer can tell you two things; if the accounting service has taken out the time to check your current system and if they can highlight areas of improvement. You don’t want to hire someone who just does the books and files your taxes; you want an accounting service such as kca.sg’s bookkeeping services. This company is proactive and can guide you on how to make your process more efficient. It is possible that your inventory procedures can be automated or a more simplified payroll system can be used. Professional accounting services will be able to help you in this regard.
Question 3: How do they deliver services?
Accounting services with good work ethics will respond timely. You need to question them about their services, the turnaround time for communications and reports as well as inquiries. Look for an accounting services that doesn’t leave you hanging for days when you are suffering an issue or are unable to comprehend something. As per an expert from WebTaxOnline, Quality accounting services usually assign a dedicated contact person for every client who can provide prompt responses when needed. The answer to this question can give you insights into the quality of service you can expect.
Ask these questions and you will be able to make the right decision.