4 Ways to Look for the Right Bookkeeper for Your Startup
Managing your business finances is key to helping your startup succeed. You may consider handling your accounts payable, inventory, owners’ equity, and purchases on your own, familiarizing yourself with the bookkeeping basics, and deciding on the method to implement in your financial transactions. However, being a business owner requires the accomplishment of a never-ending list of tasks and responsibilities.
Poor bookkeeping can cause your small business to fail. That’s why it’s always recommended to hire a bookkeeper in NYC who can document your every financial transaction and keep a record of your sales, purchases, receipts, and payments. They can help you process payrolls and invoices, document your tax obligations, regulate your expenses and direct deposits, and provide you with detailed records of potential profits and economic loss.
Searching for a trustworthy person who specializes in bookkeeping can be challenging, especially if you don’t know where to start looking. Here are some ways to help you find the right bookkeeper for your startup:
1.Ask for recommendations
Asking your trusted friends, family, colleagues, or local chambers of commerce and business advisors for recommendations can lead you to the right bookkeeper for your small business. You can also use LinkedIn to find bookkeeping professionals.
Make sure to do a thorough background check and read testimonials or feedback about them on their website or social media accounts. It’s also worth confirming if they are part of a professional governing body like a bookkeepers association before hiring them. To gain more insight about bookkeeping, ask other experts in your industry about how they have been able to grow their businesses and how bookkeeping influences their success.
2. Think about the nature of your startup
Your industry can affect the bookkeeper you have to work with. For instance, manufacturing businesses have different bookkeeping requirements compared to service or retail companies. Choose one who is experienced or specializes in the nature of your business. You must also consider the transactions you make on a daily, weekly or monthly basis to determine the required amount of bookkeeping time.
3. Determine if their location is important
Online accounting software allows you to share access to your account data remotely with your bookkeeper. However, you may still want to communicate in-person from time to time to establish a harmonious working relationship and ensure smooth and efficient communication. Because of this, you have to determine whether their location matters to you.
4. Consider their personality and values
Hiring a bookkeeper means they will be communicating a lot with you and your staff although they aren’t employed full-time. Therefore, you have to make sure that their personality, values, and culture suit your startup and what you stand for. Hire someone you think can fit your team perfectly.
Conclusion
Excellent bookkeeping builds your value and strength. Although finding a skilled and reliable bookkeeper for your startup business can be tricky, you can have an easier time looking for one by following the tips mentioned in this guide. Take hiring the right person seriously so you can have peace of mind and become more confident in handling your business finances.
Let’s handle all aspects of your startup’s bookkeeping. We are QuickBooks Online Certified ProAdvisors who offer bookkeeping services in NYC. Schedule an appointment today!