This is the time of year when many small and medium size business owners decide they need to get a better handle on their bookkeeping. Perhaps you want to get your 2014 bookkeeping up to date and you don’t want to do it yourself, or you want to start 2015 with a professional taking care of your bookkeeping needs so you can focus on your business. As you move forward into the New Year, here are 3 questions to ask a prospective or current bookkeeping provider:
1. Do you offer fixed price invoicing?
Fixed pricing is an agreement between you and your provider which details what and when you the customer, will supply your provider with information. It also details what the service provider will do with that information. Whether it’s:
- Reconciling the bank accounts
- Determining payroll
- Reviewing your accounts receivable and financials with you
- Calculating and netfiling HST on time
or any number of additional responsibilities you would like handled by the professional. With this detailed agreement in place, your bookkeeping professional can give you a fixed price for the duration of the agreement.
What are the benefits of a fixed price agreement? There are NO SURPRISES. Each month you know exactly what your invoice will be. You can then budget and determine your cash flow. (But you can also include that as one of the services in the provider’s responsibilities).
2. Are there any guarantees that I will get the service and accountability?
We guarantee you will receive value for our services and if for any reason you feel the service did not provide value in excess of the fee, we ask that you pay only for the value that you did receive.
You are getting a VALUE GUARANTEE.
3. What other questions should I consider?
The options are almost unlimited. You could ask to have included in the agreement:
- Payment options
- Unlimited access to your service provider and staff (during reasonable business hours)
- Long term fixed pricing
- Audit assistance
- Handling of communications on behalf of your company with CRA or any other reporting agency
- Faster turnaround time
All for one PRE-DETERMINED monthly price!
As our industry moves forward, we are moving away from the ‘timesheet’ to determine what we invoice our customers. We are a knowledge-based provider and we want to be effective in helping you reach your goals. We want to FOCUS on your ‘wants’, not just on your ‘needs’. So if you’re thinking about making some bookkeeping changes, please contact us. If you think you might not know all the questions to ask, don’t worry. We will work together to ensure any questions and concerns are raised, on both our parts.
You can connect with us via telephone or email, leave a comment right here on the site or click the contact tab at the bottom of the screen if you are reading this post on the website.
Until next time,