Suppliers, services, and business partners are often selected for seemingly random reasons, such as the largest ad in the phone book, a friend’s recommendation, or the lowest price. When selecting a partner for your business, it’s important to look at more than just one criterion, and this is especially true when it comes to the handling of sensitive and factually-accurate information like your financial records. In this article, we will discuss the eight characteristics that define reliable NYC bookkeeping services.
1. They are willing to pledge their loyalty to your company.
Because keeping books is a time-consuming activity, you need the assistance of a person who will prioritize your books rather than trying to squeeze you in among their other commitments.
2. The company is always making improvements
While the fundamentals of addition and multiplication don’t change, record-keeping requirements and tax regulations do. Try to choose an accounting service that invests in their employees by providing ongoing training.
3. The bookkeeper travels to you.
Taking your flash drive full of financial records to your bookkeeping service’s office is a surefire recipe for late arrival. You can safely keep your private financial data within the four walls of your business because any reputable bookkeeping service will send a mobile team to you.
4. They have an advanced knowledge of computers
Knowledge of when to use a black pen, blue ink and red pen, as well as the ability to rule a straight line, were essential in traditional bookkeeping. The practice of bookkeeping in the modern era is unique. Your bookkeeper needs to be a professional in bookkeeping software and also be quite comfortable with computers.
5. Familiarity with both MYOB and QuickBooks
Your bookkeeping service has an advantage over its competitors since its employees are fluent in Australia’s two most popular financial accounting software packages. They may also provide you with an insider’s view of which package will work best for your operations if your company is just starting out.
6. Ability to communicate effectively
Some people believe that being good at maths and talking to people are incompatible. This is nothing but a myth! The top bookkeeping services will be able to explain their procedures, solve any issues that may arise, and keep you updated in a timely manner.
7. Attentive to detail
All good bookkeeping services require a keen eye for the smallest of details. Look for businesses whose inherent sense of perfectionism is obvious; something as small as a misplaced decimal point can have a major impact on the appearance of your records.
8. The ability to see the big picture
Look for a bookkeeping service with extensive expertise and/or full university training to ensure that no essential components of your records will be left out, as even a single business action might have far-reaching ramifications for bookkeeping operations.
9. Experience
Because bookkeeping and Accounting are so intertwined, you should insist that your bookkeeper has a solid grounding in Accounting fundamentals. Your bookkeeper will benefit greatly from a thorough grounding in accounting principles to help them interpret financial statements, spot, and correct possible errors, and coordinate efforts with your accountant.
Make sure you use a reliable NYC bookkeeping firm; they are just as crucial to your company’s success as your suppliers, your work ethic, and your initial business concept.