5 Practical Questions You Need to Ask for Virtual Accounting Services

Small business owners find it impractical to hire an entire team of staff. Hiring a virtual firm is the perfect solution for specialized tasks like accounting and bookkeeping. The alternative is for the small business owner to take on multiple roles. It is essential to have base criteria or requirements that guide which virtual accounting firm would be the right fit. Here are some questions that you should ask.

Question 1: What do I need to look for?

Establish whether the virtual accounting firm is familiar with your industry. This indicates that they know which systems you work with, strict regulations to adhere to, and tax restrictions or benefits that apply to your business.

Question 2: Can you serve me as my business grows?

Get an understanding of the virtual accounting firm’s capacity. As your business grows, so will your needs and it is ideal to work with a virtual accounting firm that can serve the changing conditions. Discuss the different roles that team members within the firm can carry out to satisfy your requirements.

Question 3; Where are you located?

Virtual accounting firms can be found anywhere in the world, but you should choose one locally. A local firm will understand your economic needs and should have highly qualified CPAs who have been trained and certified in your state.

Question 4: How secure is my financial data?

Find out which software is in place to ensure that any information you share is 100% secure. In addition, confirm that all your financial information is remotely and independently backed up so that you can still access it in case of any technological challenges.

Question 5: How will we communicate with each other?

You should have open and continuous communication with your finance team. Ensure that you clarify how they will communicate with you for regular check-ins and when something has gone wrong. For meetings, ascertain if they will be virtual, face-to-face, or perhaps both. 

As businesses grow, there may be a high turnover rate with employees until the business is stable. With accounting or bookkeeping staff, this could leave the business in disarray. Hiring a virtual accounting firm means that you have an assurance of continuity. RCN CPAs is a full-service virtual accounting and bookkeeping firm. We service an extensive range of industries. Our services are available full-time, part-time and on a contract basis. Our future-focused team can meet specialized work as well as manage routine tasks.