How to Choose the Right Bookkeeping Service for My Business

Running a small business is challenging on its own. But adding auditing, tax prep, and monthly bookkeeping to the mix can start to feel impossible. However, when you outsource your bookkeeping to the right firm, you can rest assured that you’ll receive accurate results while gaining time to actually run your business.

Before taking the plunge, you might ask a key question: “How do I find the right bookkeeping service for my business?” Let’s take a look.

How Do I Pick the Right Bookkeeping Service for My Business?

Deciding to hire a bookkeeping service is a crucial step. That said, choosing the right type of service is critical, too. Here are some of your options for hiring the best bookkeeper for your company.

Hiring an Existing Employee

Hiring internally might sound like an efficient choice. However, this method can lead to disaster unless your business is large enough and you have an existing employee with in-depth financial knowledge.

Should an inexperienced person be left to handle your books, they will likely make expensive errors. They also won’t have access to the kind of advanced bookkeeping tools you need to streamline your business’s finances.

Hiring a CPA

Have you asked, “How do I choose the right bookkeeping service for my business?” If so — especially if you don’t have a lot of bookkeeping experience — you might immediately think you should hire a CPA.

While you could do this, remember that CPAs have more expertise than bookkeepers. This means you’d end up paying an excessive amount for the same service you’d get from a bookkeeper.

Hiring a Freelancer

Thanks to the rise of the gig economy, plenty of freelancers are available in every field. Many of them are well-qualified — and many of them are not. If you go this route, you’ll need to spend the time required to find someone competent. Bear in mind that if the freelancer you hire works remotely, you will need to make sure they can keep your sensitive financial data secure.

Hiring a Professional Bookkeeping Service

In a perfect world, you could hire a whole team of financial experts to handle bookkeeping. When you hire a bookkeeping service, you can effectively do just that. But in this case, you only pay for the time and services you need.

These services handle the books for various businesses, so chances are good that they have the knowledge and ability necessary to help you. And because all they do is handle finances, bookkeeping services have access to the latest accounting tools and data security protocols.

Bookkeeping Done Right

When choosing a bookkeeping service, you need to find experienced professionals who can offer every service you need. At STG Accounting, we offer all that and then some. We bring together the expertise of a large accounting firm with the personalized service you can only find at a smaller enterprise.

Want to learn how we can help your small business? Contact us today.