4 Key Questions To Ask Your Online Accounting Service Provider

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Do you want your accounting, taxation and bookkeeping services to be handled properly?

And are you scared of hiring a full-time in-house accountant or even a part-time specialist due to budget constraints?

Fear not, as there is always the scope of hiring an outsourced accounting service provider to manage your daily financial and business operations.

But there lies a problem too. Most business owners are hesitant in sharing their company details to a third-party accounting service provider. That's why it is always important to know what questions to ask an accounting service provider prior to appointing.

This post presents light on those key questions. So, follow closely!

How Good Is Your Track Record?

One needs to find out just how good is the company profile and also if their clients have presented them with positive feedback to their services.

With that, one should also check if the company consists of an upward moving trajectory when it comes to acquiring more clients. One can know about all this by visiting the company website or speaking to their customer representative.

Another thing to can do is seek references of some of their previous clients and speak to them personally. This will reveal how dedicated the company is when it comes to managing the accounting responsibilities of their clientele.

What Accounting Services Do You Specialise In?

Next question to ask an outsourced accounting agency is what services do they specialise in. One should check on the company site and look for services such as:

Taxation Services Such As:

• BAS (GST), SMSF, Tax Return- for Sole Trader, Company, Trust, Partnership.
• FBT Return
• ATO Audit
• And Their Accounting Services Such As:
• Business Plan
• ABN And Business Name
• Financial Statement of the company
• Insurance - Covering work cover and superannuation
• Payroll

To accommodate the needs of both large and small business accounting requirements in Parramatta, top-rated accounting companies will usually include all these services. So, check it out before-hand.

What is Your Accounting Process?

One should always check the accounting process they follow and or whether they abide by a defined methodology or some improvement systems like for example Stigma.

With that; one should also check if their staff members adopt a set of procedures or are they flexible enough to co-create new approaches. Another thing to check is out how much experience do they have with software and how are those crucial financial data transferred between one's business to the accounting service provider.

Can You Provide Your Service Cost?

Lastly, one should request the chosen accounting service provider about their service costs.

Things to check:

• Whether the company charges as per the industry standard rates?
• How is their pricing structures and if there are any sort of hidden costs excluded from the arrangement?

These are some of those 4 key questions that one should ask a company providing online accounting services before making a decision.

If there are some other questions, then don't hold back in asking them before-hand. Being clear about a company will only help in taking wiser decisions.

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Created on Nov 20th 2018 05:09. Viewed 414 times.

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