Here are some key factors to consider when hiring a remote bookkeeper as an outsourcing provider:
1. Experience and Expertise: Make sure the bookkeeper has the necessary qualifications, skills, and experience to handle your accounting needs. Check their credentials and ask for references to verify their capabilities.
2. Communication: Effective communication is crucial when working with a remote bookkeeper. Make sure they are responsive, reliable, and can easily be reached through various communication channels.
3. Technology and Software: Ensure that the bookkeeper is proficient in using the accounting software that your business uses or is willing to adapt to your preferred software. This will streamline the process and ensure accuracy in your financial records.
4. Security and Confidentiality: Your financial information is sensitive and must be handled with care. Ensure that the bookkeeper has proper security measures in place to protect your data and confidentiality agreements in place to protect your information.
5. Training: Compare the training provided from different outsourcing providers to ensure you are getting a bookkeeper who is not only fully trained by receiving ongoing training to keep up with all of the ever changing Australian tax regulations.
6. Flexibility and Scalability: Your business needs may change over time, so it is important to work with a bookkeeper who can adapt to your evolving requirements and can scale their services as needed.
By considering these factors when hiring a remote bookkeeper as an outsourcing provider, you can ensure that you are selecting the right partner for your business needs and goals.
Are you considering hourly compensation for your outsourced employees? Alternatively, are you exploring full-time or part-time engagement options?
Evaluating the financial implications of employing full-time staff reveals additional costs, such as payments for sick leave, annual leave, public holidays, and other statutory entitlements mandated for full-time employees. While part-time hires may incur similar expenses, opting for outsourcing services alleviates employer burdens related to human resources management and eliminates recruitment needs.
Imagine a scenario where you could engage a bookkeeper on a fixed fee basis, thereby obviating the need to cover ancillary costs like annual leave. Employing staff under a fixed fee arrangement ensures predictable budgeting without the risk of cost overruns or unanticipated write-offs.
The following enumerates the range of services that a remote bookkeeping provider can deliver to clients:
- BAS
- Payroll
- Accounts receivable/payable
- Invoicing
- Inventory accounting
- Records management
- Basic financial statements
- Bank and cash reconciliation
- Fixed asset management
- General ledger
Factors to Contemplate When Selecting a Remote Bookkeeping Service Provider:
Is the Provider’s Security Adequate and Compliant with Industry Standards?
Please refer to this link to understand the rigorous measures BOSS implements for IT security.
Additionally, does your current provider offer bookkeeping software that you utilize personally in your office?
BOSS Bookkeeping Software encompasses all standard Australian software programs, ensuring comprehensive coverage for your business needs.
Does your service provider support the bookkeeping software utilized within your organization?
BOSS Bookkeeping software includes all the standard Australian software programs:
- All versions of MYOB
- Reckon
- QuickBooks
- BankLink
- Cash flow Manager
If your software is not listed here but is commonly utilized in Australia, please reach out to us – it is highly likely that we support it.
Are you seeking flexibility with your remote service package? Below are some considerations:
- Can you efficiently scale up a team of accountants or bookkeepers during peak periods?
- How quickly can additional staff be onboarded?
- Are there supplementary costs associated with scaling operations up or down?
- What are the terms for cancellation?
With BOSS’s fixed fee remote bookkeeping service, you have the capability to scale your remote bookkeeping team within a week, accommodating busy periods or emergencies without incurring any additional costs. No hidden fees apply.
