Making the decision to hire a firm to manage your bookkeeping is an important one. In this post, we’ll offer a few things to keep in mind as you select bookkeeping services in Evansville.
Outsource vs. In-house
Begin by evaluating the needs of your business. If you’re a one-man shop, you may be able to manage the books yourself. But as your business grows and the number of transactions increase–and you get busier–it would likely benefit you to hire someone else to manage your bookkeeping.
If you have a larger company, the question may come down to operational efficiency and in-house knowledge. Take a look at your business model and consider whether or not it makes sense to build an internal bookkeeping process. Depending on your business and the expertise of your employees, it may make more sense to outsource. This is especially true for growing companies that have a significant number of transactions but don’t require a full-time bookkeeper. It often makes more sense financially to outsource bookkeeping services.
Shop for the Best Fit
Once you’ve decided to outsource, make sure you evaluate all of your options. You may begin by reading online reviews or comparing search engine results to get an idea of the bookkeeping services available in Evansville. But it’s important to go a few steps beyond that. For example, it’s a good idea to ask fellow business owners that you know and trust who they rely on for their bookkeeping needs.
Narrow your search down to a handful of candidates in the Evansville area and then ask for an initial consultation. This will give you the opportunity to evaluate fit, ask important questions specific to your unique needs, and find a partner firm that fits your business.
Understand the Fee Structure
As you evaluate bookkeeping services, it’s important to take the time to understand how you will be charged for services. Will you be charged on an hourly basis? Does the accounting firm offer a package that includes a specific number of transactions or services per month?
Make sure you understand what services the firm does or doesn’t offer. Many bookkeeping companies offer these:
- General ledger updates
- Payroll management
- Sales tax management
- Monthly or weekly reporting
- Use tax preparation
- Food & beverage tax preparation
- Business tax preparation
Make an Informed Decision
There are dozens of CPAs and accounting firms in the Evansville area. Bookkeeping services are an important part of your business, so this decision isn’t one to make lightly. Switching from accountant to accountant isn’t always easy.
If you’re searching for bookkeeping services in Evansville, consider Baker Retirement & Wealth Management, PC. We’ve been providing bookkeeping and other financial services to businesses and individuals in the greater Evansville area for nearly thirty years. Our team is always happy to answer your questions and provide guidance for managing your finances effectively. Stop by our office or give us a call toll free at 1-866-244-3517.Request a Free Consultation