Did you know several accounting firms typically spend 70% of their time in completing low-margin, data-intensive and time-consuming functions such as bookkeeping and payroll? That means only 30% of their time is invested in growing the business, if at all, and that is not enough!
Fortunately, an accounting outsourcing service provider can help in reducing operational costs, creating time for innovative, profitable activities and ensuring a better work-life balance for CPAs and accountants.
But how would you know if your current accounting outsourcing service provider is perfect or if you don’t have one, what you should look for? We have the answer! Check out these six traits to look out for:
1) They have an excellent reputation in the industry.
The necessary information of a perfect accounting outsourcing service provider on the services they provide, geographies they cover, and their office culture and management status will seem to be favorable to your business.
Additionally, speak to some of their clients, preferably those who have a company like yours, to check how they rate the outsourcing partner. If the report card is good, think about doing business with them.
2) Their security standards are to the point.
Accounting data is sensitive and should be dealt with utmost care. A perfect accounting outsourcing service provider will always have a robust security system in place and will be clear about how the data is used, and whether or not, the data goes out of the country.
3) They use the best of accounting tools.
A perfect accounting outsourcing service provider will ensure they work on the same software as you do. And if they don’t, they would equip their staff so that the work doesn’t stop any which way. Lack of expertise and use of old tech can be a big downer. A perfect outsourcing partner knows this better!
Our wonderful team at QXAS Inc can work on a diverse range of software through a remote desktop connection of our clients. The arrangement makes it easy for both parties to achieve the same goal.
4) They focus much on staff training.
Employee training has gained importance in the last couple of years and given the dynamics of our industry, it is necessary for all the professionals to stay up-to-date with US taxation and accounting, so that they don’t struggle to do their job in case of complicated returns or other tasks. If their staff is continuously trained, just like we do, then that’s a sign if efficiency.
5) Their turnaround time is excellent.
Of course! The accounting industry is, and one can’t merely ignore the significant tax deadlines in a year. A perfect accounting outsourcing service provider will make sure they not only finish the tasks at hand on time but also keep all communication lines clear so that you can reach out to them, whenever you want.
6) They are flexible in their way of working.
A perfect outsourcing partner will offer engagement models depending on the clients’ business contents and nature of the project. They are willing to be a bit flexible and work in a fashion most suitable to their client.
For example: we offer three engagement models, each of them different on the basis of staffing scalability, pricing and flexibility to ensure our clients get the maximum out of our services.
Over to you
Are you looking for an accounting outsourcing service provider that is perfect for your CPA firm? We can help. Visit our Contact Us page to fill out the form or write us firstname.lastname@example.org. A member of our staff will reach out to you at the earliest.