1. Understand Your Business NeedsBefore hiring bookkeeping services for your small business, first assess what your expectations are from bookkeeping services. Do you want someone in-house or are agreeable with virtual bookkeeping services? What specific tasks do you want to get done, and how often do you want your books updated (annually, quarterly, monthly)? Do you want only your financials to be recorded or require financial advice as well? Consider all these requirements before hiring bookkeeping services.
2. Ask the Right QuestionsIf not an exact fit for your small business, then ensure the bookkeeping service ticks off at least the main boxes. These are a few things to take into consideration at your end that are low-cost but essential:
- Is the bookkeeping service reputable?
- Is the bookkeeping service provider a solo practitioner or has a dedicated firm?
- What do you know about their bookkeeping processes and systems?
- Who are their past clients and how do they talk about their bookkeeping services?
- What is their availability and how do they handle tight deadlines?
- What are their pricing plans?