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5 Key points to consider before choosing accounting accounting services

Posted by : AcoBloom International on May 03,2021 03:56 PM

Below are  the quick 5 points on going through the process helpful for accounting firms in the USA and the UK, before signing the agreement with their strategic outsourcing partner:

  1. Background check

    Always check the background of the potential accounting outsourcing firm you want to partner with. There are a lot of outsourcing companies in India that are running their business without having much experience in accounting. Those firms can be a potential risk to your business and valued clients. Ask about the data security, the working experience, background of the experts who shall deliver the work, review process, etc.

  2. Video testimonials

    Always ask for the testimonials of the company’s previous clients and that too video one. Just getting the email address of the current clients of the outsourcing partner is not enough. To get authenticity and confidence, video testimonials show clients’ trust, satisfaction and happiness with their outsourcing partner.

  3. Don’t get lured by cheap rates

    It would not be wrong to say that the major motivation any company would get to choose to outsource over inhouse activity is cost-cutting. But the low rates for accounting/tax services are not always best in the interest. Accounting outsourcing companies in India will maintain the perennial relationship with your company by providing the best quality. Your outsourcing partner should be willing to give you more than just saving margins. The main focus of any CPA & accounting firms should be to get quality delivery.

  4. Data security

    Data security is the biggest concern for any company. In the accounting industry, data gets more confidential and sensitive. Ask your potential accounting outsourcing partner about the data management and backup plan mechanism. Check for their physical as well as a digital ecosystem on how they will handle sensitive data of clients.

  5. Resource and technology

    It is important to be aware of the resource and skill set you want from your outsourcing partner. Check their team’s expertise in cloud accounting services. Have a good discussion on the expectation of the workflow, transition and the ongoing delivery. Ask your partner about which cloud-based softwares and the technology they use and how much expertise the team carry.

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