8 Questions to Ask a Bookkeeping Service When Hiring Them in 2022

May 23, 2022 | Written by: Sohail Afzal

8 Questions to Ask a Bookkeeping Service When Hiring Them in 2022

When was the last time you sat down and looked over your finances? If it’s been a while, or if you’re not entirely sure what you’re looking at, it might be time to hire a bookkeeping service. Bookkeeping services can help take the load off your shoulders and make sure that everything is in order with your accounting. Not only that, but they can also provide valuable insights into ways to improve your financial situation. In this article, we will discuss eight questions to ask a bookkeeping service when hiring them in 2022. We’ll also talk about the importance of bookkeeping services and what you should consider before making a decision.

What is the bookkeeping service’s experience?

The first question you should ask a bookkeeping service is about their experience. How long have they been in business? Do they have experience with businesses in your industry? What accounting software do they use? The more experience a bookkeeping service has, the better equipped they will be to handle your specific needs.

What services does the bookkeeping service offer?

Another important question to ask is what services the bookkeeping service offers. Most accounting firms offer a variety of services, including tax preparation, financial planning, and auditing. Make sure that you understand what services are included in each package so that you can choose the one that best suits your needs.

How much will the bookkeeping service cost?

Of course, you’ll also want to ask about the cost of the bookkeeping service. Accounting services can vary widely in price, so it’s important to get a few quotes before making a decision. Be sure to ask about any discounts available, such as prepaying or setting up automatic payments.

What are the bookkeeping service’s hours of operation?

Another question to ask is what hours the bookkeeping service is open. This is important if you need after-hours assistance or are located in a different time zone. Most accounting firms offer 24/hour support, but it’s always best to double-check before committing.

What is the bookkeeping service’s policy on confidentiality?

When dealing with financial information, it’s important to make sure that your accounting firm has a confidentiality policy. This means that they will not share your information with anyone outside of the company without your permission.

What is the bookkeeping service’s turnaround time?

Another question is how quickly the bookkeeping service can get your books in order. This is important if you’re behind on your accounting or need to file your taxes ASAP. Most accounting firms can have your books in order within a few days, but it’s always best to ask ahead of time just to be sure.

Does the bookkeeping service offer any guarantees?

Some bookkeeping services offer money-back guarantees or other guarantees that they will get your books in order. This can be a good way to protect yourself if you’re not satisfied with the service.

What are the bookkeeping service’s payment options?

Finally, you’ll want to ask about the bookkeeping service’s payment options. Most accounting firms accept major credit cards, but other options may be available. Be sure to ask about any discounts or promotions available for paying upfront or setting up automatic payments.

Final Thoughts

By asking these questions, you can be sure that you’re choosing the best bookkeeping service for your needs. Bookkeeping services can provide valuable assistance with your accounting and financial planning, so choosing one you can trust is important. Do some research and ask around before making a decision, and you’ll be sure to find the perfect accounting firm for your business. Thanks for reading! We hope this article was helpful.

If you have any questions, please feel free to contact us. We would be happy to help!

Sohail Afzal CPA Toronto

Sohail Afzal, CPA, CMA, MBA

Sohail Afzal, (CPA, CMA, MBA) is the founder & CEO of GTA Accounting Professional Corporation. He is a highly experienced Chartered Professional Accountant and businessman himself and understands the challenges that many businesses face when it comes to cash flow management. As an experienced business consultant & tax advisor, he is helping companies grow by providing the technical, financial, and contractual information necessary for strategic decision-making.

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