Should I outsource my accounting and bookkeeping services?
Maybe numbers aren’t your thing, or maybe you’re running around like a chicken with your head cut off just trying to handle the day-to-day. Whatever the case, you know someone has to manage your bookkeeping and accounting. So you wonder about the right approach.
You’ll want to answer several important questions to determine if your company is best suited to hire bookkeeping and accounting services internally or outsource to a qualified partner. Take some time to think and have difficult conversations.
What services do you provide?
If accounting or bookkeeping services are on your radar, you probably have substantial needs. But not all firms are created equal, and they might not offer the level of service you need. If you prefer outsourcing, try a full-service accounting services firm such as Ignite Spot.
What is a realistic onboarding timeline?
Outsourced bookkeeping isn’t an overnight solution, so if you need a quick fix, an internal team is best. Proper onboarding for bookkeeping services takes about 90 days, so your partner can assemble a qualified team and prioritize the needs of your account.
Can you tell me about my accountant(s)?
Need a direct line to your accounting team? While outsourced partners collaborate openly and include necessary personnel in meetings, there’s a professional boundary to maintain with specific team members because turnover happens.
What happens if my accountant is out and I have an emergency?
Just because your accountant needs to step away doesn’t rule out an outsourced relationship. The beauty of accounting services is that it’s team-based, and your partner firm will have the professionals—and processes—in place to continue successfully managing your account.
How do I get my bills to you efficiently?
Are you proficient with technology? So are the most practiced bookkeeping and accounting providers. You don’t have to scan or mail all of your bills—just provide read-only access to key accounts, and an outsourced team can retrieve your bills.
How long does it take to see results from your services?
Remember: With a little patience, an outsourced relationship can be productive. After the first 90 days, your business starts to see new levels of organization. But in the meantime, an outsourced partner provides support if any issues arise during onboarding—and with a team to support them.