How can I find someone cheap and reliable to help me set up my accounting properly?
We are in full start up mode and the receipts and expenses are starting to pile up. I keep saying I will get to it this weekend, but it is becoming obvious that it isn't happening. I need help, but I don't have the time to find it. What have you done?
Identifying your companies financial needs would be the first step. When shopping for an accountant be "honest" about your financial situation. When we meet with potential clients we like to know what you can afford and your companies true financial position. We can better serve you when all the cards on the table.
Finally, a boutique firm may be the answer. We are a small firm that focuses on individuals needs not the bottom line. By working with a smaller firm you receive personalized service, affordability, and a chance to get organized with your companies finances.
If you need assistance contact us for a free consultation.
if possible get an accounting software. That should do it.
I hear this question all the time. My answer is the same. Pay once to have it done right. Only pay for the time you need someone. Don't pay for water cooler talk or office space if you don't have to. Parse the work to experts. Small companies need experts that are good at what they do - but only for a short period. Experts know how to integrate your accounting / banking / taxes / processes / payroll etc. to minimize expenses and keep your books as real time as possible. They will give you a quick read on your financials monthly and ensure that your financials drop into your tax returns saving you money at year end. Keep your company objective in mind as it relates to managing your financials (growing = need funding, selling = due dilligence and processes, etc.). Good for you to be at this stage. Congrats!
When it come to accounting, it would be best to invest in it by hiring someone than delegate the task away as cost effective. If saving cost is the way to go then you can outsource or offer out contractual agreements by using numerous freelance sites via Google search or event on Mosaic you will be able to find numerous professionals willing to take the offer to assist in your needs.
This first six words of your question are the best predictor that your business is on the road to disaster. Rethink your value proposition. You should be looking for someone who provides quality at a reasonable price.
If you try to go too cheap on bookkeeping, you will find problems arise later when you need to do your Tax Return (and VAT Returns, if you are registered). Better to spend a sensible amount of money on someone to take this job off your hands. Money spent wisely releases your time to make more money,
Cheap and reliable do not go together. Additionally, not using a CPA (and one who understands your industry) can lead to more work later for small savings in the short-term. Do not use a data entry person, intern, inexperienced bookkeeper, etc. Do not go by hourly rates, as you are looking for efficiency and effectiveness, not someone who will take up your valuable time.
Do not use a system that is not integrated and comprehensive. QuickBooks Online, Wave and Xero are great places to start (likely in that order). QuickBooks is still the gold standard and is the most comprehensive.
For those who suggest using an excel sheet or software that is not a true accounting package, I would say beware. This will cost you time, and money in the long run. As far as terms, as I tell my clients, you are in business and you need to have a working knowledge. You can check out our blog post on the Wave Accounting blog, specifically item #5 https://www.waveapps.com/blog/5-ways-accounting-helps-your-small-business-generate-profit/.
You say that you are in full startup mode. If you are truly a startup, there are a number of important considerations which you cannot decide on after the fact.
Our firm, Azran Financial, www.AzranFinancial.com, are experts in working with entrepreneurs and startups. We work with companies from inception to exit, and add value throughout the process through our extensive resource networks. We can work with you through the initial setup, and we provide outsourced accounting services to startups and middle market businesses. Therefore the work gets done once, and it gets done right. Contact us if you have any questions, as our initial consultations are free.
Get training on quickbooks and hire an accounting intern from the local college to enter the data .Then hire a CPA firm to review .Our firm does accounting remotely thru quick books from anywhere Catalano,Caboor & co. 630-261-0550
I am a CPA who has been working with a variety of start-up companies in northern California for over 12 years. I can meet with you for a free consultation to help you determine your needs. I can also do the setup and high-level accounting and tax work and refer you to a bookkeeper for posting your sales and expenses. This is the best way to get the bookkeeping and accounting done and keeps the costs to a minimum. Please let me know if I can be of assistance.
Depending on where you are the best way to find a bookkeeper is to post your requirements on mineeds.com. They will post your requirements to accountants and bookkeepers in you immediate area at no cost to you and you will have a chance to review several responding bookkeeping and accounting firms responses. We offer accounting and bookkeeping services using either Xero or an Excel spreadsheet program we've developed that i can share with you that many new businesses find much easier to work with. firstname.lastname@example.org