Choosing the Right Outsourced Accountant: 3 Things to Look For

Selecting the right outsourced accountant is critical for the financial health of your small business. Here are three things to look for when searching for an outsourced CFO or outsourced accounting team:

1. Expertise and Industry Knowledge

Ensure that the outsourced accountant has the necessary qualifications and expertise. Look for professional certifications such as Certified Public Accountant (CPA), which indicate a high level of knowledge and competence. Additionally, consider their experience in your industry or a similar business context. An accountant with relevant expertise is more likely to understand the specific challenges and requirements of your business. 

CustomOne works in several industries including: Non-Profit, Medical, Retail, Manufacturing, and Agriculture. Our experienced staff is made up of CPAs that come from top accounting firms as RSM and EY. Since our founding in 2004, our accounting staff has been dedicated to serving small businesses in Des Moines, Iowa and the Midwest. Our expertise can’t be matched when it comes to outsourced CFO and accounting services for small businesses.  

Related: Looking for an Experienced CPA or Accountant in Des Moines? Consider an Accounting Outsource Company

2. Communication Skills and Responsiveness

Effective communication is essential in any business relationship, especially when it comes to financial matters. Assess the accountant’s communication skills, both written and verbal, to ensure that complex financial information can be conveyed in a clear and understandable manner. Responsiveness is equally important – timely responses to queries and the ability to address urgent financial issues contribute to a smooth working relationship.

CustomOne staff works on-site, alongside your small business. Other outsourced accounting firms don’t work side-by-side with their clients, often working remotely. Our outsourced accounting staff in Iowa offers a personalized approach. Our staff’s presence on-site makes it easy for our clients to come to us face-to-face with questions and concerns. Clients often view our accountants and CFOs as part of their team, but at a fraction of the cost.

3. Service Offerings

Assess the range of services the accounting firm provides. Besides basic bookkeeping and tax services, consider whether they offer additional value-added services such as financial analysis, budgeting, or strategic planning. A comprehensive suite of services can cater to your evolving business needs.

Work with CustomOne CFO & Controllers in solidifying your business’s financial strategy and success. Our professional services include Outsourced Accounting and Fractional CFO. We help small businesses with Accounting and Financial Statements, Treasury and Cash Flow Management Functions, Financial Planning and Analysis Functions, General Management, and Consultation. Our team can cater our services to your business’ unique needs to better your small businesses in Iowa or the Midwest.  

Related: Outsource Your Small Business Financial Management with CustomOne

Remember to conduct thorough interviews, check references, and possibly request a trial period to assess how well the outsourced accountant aligns with your business needs and expectations. By focusing on qualifications, communication skills, and technology proficiency, you can make an informed decision and secure an outsourced accountant who will effectively contribute to the financial success of your business.

If you’re interested in outsourcing accounting and CFO services in Des Moines, Iowa, or the Midwest, contact us today!