How To Choose The Right Bookkeeper For Your Business

Author: Balance & Foster Inc. | | Categories: Accounting Services , Bookkeeping Services , Tax Planning

 Blog by Balance & Foster Inc.

In today’s fast-paced world of business, staying on top of your books is essential. However, while running a company and tending to day-to-day tasks, people often don’t have the time to do their accounts and struggle when it comes time to file tax returns. If this is the case, you need to invest in the services of a reputable bookkeeping firm to ensure you are covered.

To help you find an accounting firm that can offer you peace of mind, Balance & Foster Inc. has listed three things to look for in a bookkeeper and tips for dealing with them.

1. Trust, confidentiality and security

Bookkeepers have access to most personal and private information regarding companies. Considering bookkeepers maintain all of the essential financial records of a company, they’re frequently pivotal in making sure there are no issues with invoicing, payroll, and taxes.

Your bookkeeper is someone that you need to be able to trust wholeheartedly. Before hiring a bookkeeper (or a bookkeeping service), ask them all the questions you can think of regarding their methods and processes for safeguarding your financial information.

2. Organizational competencies 

A bookkeeper is essentially a financial record keeper. Thus they need to maintain a filing system that reflects the essential nature of their job. A well-organized bookkeeper won’t have issues answering fundamental questions regarding company finances and expenditures or any other questions you may have. Additionally, ensure they have a clear and concise system for keeping track of paperwork. Remember, paperwork filed away today might still be needed five or even ten years from now, and efficient filing is critical to your business’s long-term success.

3. Vision

While a bookkeeper is often seen as someone who is far too busy to worry about the bigger picture associated with running a business, this stereotype should be far from the truth. Yes, a bookkeeper should have incredible attention to detail that allows them to keep track of various small numbers. They should also be aware of day-to-day operations and share the greater vision of the company that you’re trying to build.

For more information and ways to keep your accounts up to date and in order, reach out to us at 

Balance & Foster Inc. today! With many years of experience in the accounting field, we bring global capabilities with a local touch that creates world-class assurance. We specialize in tax, accounting, and bookkeeping. We also take care of trusts and estates for clients. Our services are available across Hamilton, St. Catharines, Niagara Falls, Toronto, Markham, Vaughan, Kitchener, London, and the surrounding areas.

To learn more about the bookkeeping services we offer, please click here. To get in touch with us, please click here