Hiring professional accounting services is a smart move for your business, whether you're an independent contractor or a larger organization. The right team can save you money, prevent a lot of stress, protect you from legal mistakes, and keep your books in great shape. Ask some key questions so you know you can trust your financials to the bookkeeping team.

What to Ask Bookkeeping Professionals

What scope of services do you offer?

Business accounting professionals offer a variety of services. It's best to have one professional who can handle all of your needs. Common services to ask about include budgeting, payroll processing, data entry, sales tax returns, payroll tax returns, general ledger management, and bank and credit card reconciliation. Talk with them about what you need, from temporary to long-term assistance, to see if they can accommodate you.

What is your experience?

The people handling your finances should have extensive experience and training, so you know they're using industry best practices and won't make mistakes. Look for a team with years of experience in the industry and with an Enrolled Agent status with the IRS. This status proves they know the latest tax laws and ways to save, and can represent you before the IRS if needed.

What is your fee structure?

Some businesses charge hourly, while others have a fixed rate which you'll negotiate depending on the size of your business and what services you need. One is not necessarily better than the other, but it helps to know what to expect so you can add it to your budget.

Which bookkeeping tools do you use?

Ask which programs they will use to manage your financials. Quickbooks®, for example, is an easy-to-use and versatile tool. If you don't currently use the tools that they prefer, ask whether they will help you convert to a new tool and will teach you how to manage your new software.

Grayson Accounting has been serving the small- to medium-sized businesses of St. Charles, MO, for more than 25 years. These bookkeeping professionals specialize in QuickBooks setup and consulting services, as well as controllership services. Learn more on their website and call (636) 233-7875 to schedule a free consultation.