5 Tips for Finding Reliable Compilation Services (1)

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5 Tips for Finding Reliable Compilation Services
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More companies and individuals are outsourcing
their financial compilation tasks to help
increase productivity and accuracy, and to save
money. Companies choose to outsource when
verification by qualified third parties is
essential. Credible financial statements are
necessary to attract investors and capital for
use in fueling company growth, so outsourcing is
a good choice. For individuals, financial
statements are useful for providing historical
information to file back taxes or in resolving
sticky situations with the IRS or state agencies.
When searching for a provider to compile
individual or business financial statements, be
sure to look for an accounting firm or provider
with the right mix of experience, education and
accounting/business knowledge.
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Five things to look for Experience-Check the
number of years the accountant or firm has been
in business and look for accountants who have
worked in your industry. Their work experience
will make them an invaluable tool in solving
real world reporting problems!
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Certifications -Make sure the provider has
current certifications and qualifications. Look
up the meanings of the acronyms after their title
to get a better idea of their education and skill
level. For example, E.A. stands for Enrolled
Agent, a federally authorized tax practitioner
who can represent taxpayers before all
administration levels of the IRS from examination
to collection to appeals. This practitioner is
licensed by the US Treasury. Some accountants
have education but no certification or license.
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Customer Feedback-Ask your colleagues for
recommendations and look around for unbiased
reviews. Many reputable software providers, such
as Intuit-the maker of QuickBooks- offer a
section on their sites where you can find
verified reviews of Certified ProAdvisors in your
area. Reasonable Pricing-Look for a
provider who offers high quality work at
reasonable prices, which will save you time and
money in the end. Keep in mind that your fee may
be higher for more complex financial statements
or if additional analysis is required. Remember,
too, that paying a bit more for skill and
knowledge can be a good strategy.
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Effective Communicators-The person or firm you
work with should have both the skills and tools
to better understand the financial challenges
unique to your situation. Communication
expertise comes with experience and training.
Hire a firm that can explain why they will be a
valuable asset to your company.
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QuikComp 13168 Piedmont Vista Drive Haymarket, VA
20169 [phone]