As a small business owner, you’re juggling countless tasks to keep your business running smoothly, but managing your finances shouldn’t be one of them. Hiring a skilled bookkeeper not only frees up your time to focus on growing your business but also ensures your financial records are accurate and up-to-date. A good bookkeeper can help you avoid costly mistakes, streamline your operations, and provide valuable insights that drive better business decisions.
With so many options available, how do you find the right bookkeeper for your needs? TriStar Tax & Business Solutions is a full-service accounting firm specializing in small businesses. When clients are considering what help they need, the team recommends these essential tips to help you choose a bookkeeper for your small business:
1.Determine Your Specific Needs
Before you start searching for a bookkeeper, it’s important to identify what specific services you need. Are you looking for someone to handle basic data entry, or do you need a bookkeeper with expertise in financial analysis, tax preparation, or payroll management? Are you starting from scratch with your bookkeeping as a new business, or do you need help with general ledger cleanup? Bookkeeping for small businesses can encompass a range of accounting activities. Knowing your requirements will help you narrow down candidates specializing in the areas that matter most to your business.
2. Check Qualifications and Experience
A qualified bookkeeper should have relevant certifications, such as being a Certified Public Bookkeeper (CPB), a Certified Public Accountant (CPA), a Payroll Certification (CPP), or having a degree in accounting or finance. Experience in your specific industry is also a big plus, as it means they’re familiar with the unique financial challenges and opportunities your business might face. Don’t hesitate to ask for references or case studies from previous clients.
3. Evaluate Communication and Reporting Skills
Clear communication is key to a successful relationship with your bookkeeper. They should be able to explain complex financial information in a way that you can easily understand and be available to discuss your business priorities and needs. Regular reporting is also essential. Your bookkeeper should provide you with timely financial reports that give you a clear picture of your business’s financial health. Consider how often you’d like to receive updates and whether the bookkeeper can meet those expectations.
4. Consider the Cost and Value
While cost is always a consideration, it’s important to focus on the value a bookkeeper can bring to your business. A good bookkeeper can save you money in the long run by ensuring accurate records, identifying potential savings, and helping you avoid costly mistakes. Investing in a skilled bookkeeper for your small business will optimize how your business runs and free you up to be more efficient as a business owner. Many bookkeeping businesses offer flexible pricing options so that the services they provide align with your budget and business needs.
Optimize Your Small Business with a Skilled Bookkeeper
Finding the right bookkeeper for your small business is an investment in your company’s financial health. By focusing on your specific needs, verifying qualifications, assessing technological proficiency, evaluating communication skills, and considering cost versus value, you can make an informed decision that will benefit your business for years to come.
TriStar Tax & Business Solutions Can Help Your Small Business Succeed
Get back to the task of running your business by outsourcing bookkeeping assistance from TriStar Tax & Business Solutions, Middle Tennessee’s premier tax and business solutions expert. TriStar is a full-service CPA firm offering a range of essential financial services for small businesses, from bookkeeping assistance to tax planning and preparation to new business formation and part-time CFO services.
TriStar Tax & Business Solutions is locally owned and family-operated, with six locations in Nashville, Hendersonville, Brentwood, Murfreesboro, Collierville, and East Memphis. With the experienced accounting professionals at TriStar, you’ll receive true expertise for all your small business needs with personalized attention and affordable rates. All services are by appointment only, so schedule in advance. Walk-in appointments are not available.
Your initial consultation is free–contact TriStar Tax & Business Solutions to get started today!
TriStar Brentwood
9005 Overlook Blvd PMB 6211
Brentwood, TN 37027-5269
Phone: (615) 537-0314
TriStar Hendersonville
131 Maple Row Blvd Ste B200
Hendersonville, TN 3705-3775
Phone: (615) 537-0314
TriStar Nashville
1300 Clinton St Ste 204
Nashville, TN 37203-7008
Phone: (615) 537-0314
TriStar Murfreesboro
640 Broadmor St
Murfreesboro, TN 37129-2747
Phone: (615) 537-0314
TriStar Collierville
185 N Main St Ste 104
Collierville, TN 38017-2643
Phone: (901) 853-8502
TriStar East Memphis
1661 International Dr Ste 400
Memphis, TN 38120-1431
Phone: (901) 853-8502