Bookkeeper’s Cost vs. Bookkeeping Quality

It’s kind of preposterous how people get stuck on the factor of price when availing a service. It applies more to the subject of bookkeeping; service buyers ritually overlook the quality of work, which they compromise in return of a lower price. The result is an erroneous bookkeeping service that costs double or triple than the fixed budget.

However, the reverse also holds true; there are a handful, to whom, quality of a service comes first. Many bookkeeping service providers take advantage of this perfectionist’s attitude; while they submit a flawless job, the wallet of the service buyer runs dry. So where to strike a fine balance that shall provide a quality service for a reasonable price, measure for measure?

Factors to judge a bookkeeper

To answer the above question, we need to understand first the definition of the word quality and how it applies to an outsourced bookkeeping assignment. Quality here can be defined as a work that’s done in a concise manner, is complete and delivered on or before the scheduled time. All these factors define a good Bookkeeper.

Now, with all these factors taken together, there must be a minimum definite price for which, it can be bought. Bookkeeping cost thus really depends on a bookkeeper; if it’s an organization, then the management should set the cost. Since bookkeeping is a service-related business; therefore, time equals to money. A quality job thus demands more money since it takes more time to get the records spic-n-span.

But the good news is, bookkeeping cost is negotiable. The rates change according to the market; if the rates fit your budget and the quality your mindset, your service provider may well receive a continuous business from you in the future. This is a strong point you may use while negotiating.

How to choose the right bookkeeper

So analyze the bookkeeper before you choose him. You may have a different need (a different concept as well) for your business; therefore, try at least three to five different bookkeepers. The one, who gives the least rate, has a satisfactory track record and is a patient listener who also asks when in doubt should be the bookkeeper for you!