Maintaining accounting records can prove to be a time-consuming exercise. Accounting and reporting requirements keep changing. Why burden your team with accounting responsibilities when you can outsource your accounting process to an accounting firm?
Accounting firms employ knowledgeable professionals who keep on top of tax laws & regulations and follow industry developments closely. Your accounting firm will help you develop budgets and set financial goals.
When looking for a provider, remember that not all accounting firms are the same. Whether you need your accounting partner to help you with certain accounting tasks or are planning to outsource the entire process, you need to ensure that your preferred accounting firm is capable of crafting customized solutions to fit your specific needs.
Here are some things to consider when choosing an accounting service for your business in Santa Rosa.
Services Offered
Look for an accounting firm that offers a range of accounting services. In addition to completing your tax returns, your accountant should be able to help you with cash flow analysis, auditing, and reporting.
Look for an accounting firm that offers financial management and succession planning services. Make sure the firm uses the latest technology such as cloud accounting that can benefit your business.
Availability
Some businesses are content to meet with their accounting firm once a year for tax filing purposes. If you often have accounting questions that require timely answers, determine if your accountant will be available by phone or if you need to schedule an appointment to meet them in person.
Audit Support
When the IRS knocks at your door, it is reassuring to know that your accountant will be by your side. Your accountant will collect and present evidence to substantiate your claims and coordinate with the audit team to ensure a smooth audit.
A professional with their clients’ best interests at heart works to eliminate stress and ensure peace-of-mind during an audit.
Business Specialty
The accounting needs of businesses in one industry can differ from that of businesses in other industries. Just because an accounting standard is used in several industries, it does not necessarily mean it is best fit for your business.
Before hiring an accountant, make sure they have experience in your industry and understand your industry’s accounting procedures.
Fees
Prior to hiring a professional, make sure you understand how they bill their clients (fixed rate vs. per hour). While cost is an important consideration, do not base your decision solely on this factor.
Are you looking for an accounting firm in Santa Rosa? Virtual Jeannie Bookkeeping Services are renowned for their accounting services in Santa Rosa. We offer end-to-end bookkeeping solutions. Whatever your industry, our team will come up with a plan to eliminate bottlenecks plaguing your bookkeeping system. To schedule a consultation, call (707) 664-1425.