subject: Rugged Solutions: Hiring A Boston Accounting Firm To Toughen Up Your Books [print this page] Boston is a city known for its early colonial roots. It was frontier hub in its earlier days and even today it retains its ruggedness. One of the keys to good accounting is durability and flexibility. The system you use must be rugged enough to handle the demands of the business. The accountants also have to be able to handle the stresses associated with running what is the life blood of your business, its information.
Given these high demands, you are not going to be able to simply choose the first Boston accounting firm that you find. You will have to find one who is truly up to the task. But you may be wondering why do I even need to hire someone outside of my business to help it run?
Well, there is no stipulation that this must be done. You could, if you chose to set up and run an in house accounting department. The advantages to this are the oversight and the control you will have over the quality of work. However, there are some significant drawbacks to doing things this way. First and foremost, it is going to be expensive. You are going to have to dedicate both money and time to this project, which could be spent elsewhere. The second is you are going to need a good amount of expertise, or you are going to have to figure out a way to train your personnel to that level. And to be honest, it is unlikely that as a small or mid-size company you can afford to bring on CFO and controller level expertise.
So given these limitations, lets discuss the alternative: outsourcing to a Boston Accounting firm. The first major advantage is that you will avoid all of the problems connected with doing it yourself. No headaches trying to develop software solutions to meet your firms needs, or hassles trying to get the accountants to figure out what they are doing. When you hire a reputable Boston accounting firm, you will not be experimenting with the methods, you will get a tried and true approach to your accounting needs. They eliminate the guess work.
The second major advantage is cost savings. Instead of spending all of that money on your accounting department, you will be able to invest that money by putting it to work on core functions of your business like marketing, inventory and research. And in addition to this, you will still have oversight as the Boston accounting group that you work with will be held accountable, as they wish to keep you as a client. At the end of the day, hiring the Boston accounting firm to handle your accounting needs is the most logical thing for most small and mid-size companies, as it gives you that rugged solution you were looking for.
