Here are some important items to consider…
There are a few different options you have to decide what’s the best fit for your business needs, typically ranging from a part-time individual, an accounting firm, to a full-time CFO. Here we’ll explain those options and suggest where you might find the right solution in Buffalo, NY.
A part-time individual may be someone you know with an accounting degree or a colleague you trust with your numbers. They may be freelancing or lending you a few hours here and there.
An accounting firm is a professional agency who offers financial and accounting services. They would review your accounting books regularly, which may be monthly or bi-monthly. If you have questions ranging from accounting to taxes to financial advising, their staff should be available and well experienced. Over time a firm will also become familiar with your business and should be able to make recommendations.
Finally, a full-time CFO is an in-house finance professional. If your business is large and processes a high volume of transactions, or needs to make complicated financial decisions on a frequent basis, you may need a dedicated internal employee. This person should typically have an MBA or finance degree, and business experience.
Depending on what your business needs are, and what’s important to you in terms of experience, availability, capabilities, and cost, there are different options.
|
Part-time Individual |
Accounting Firm |
Full-time CFO |
|
|
Experience |
Personal experience |
Collective experience of firm |
Personal experience |
|
Availability |
Limited Part-time, Vacation and sick leave |
Multiple staff available |
Full-time, Vacation and sick leave |
|
Trust |
Personal references, certifications |
Client and personal references, certifications, awards |
Personal references, certifications |
|
Tax capabilities |
Maybe |
Yes |
Typically |
|
Term of relationship |
Individual career |
Long-term client relationship |
Individual career |
|
Your business revenue |
< $100K |
$100K – $5M |
> $5M |
Location: Is this firm or person local and able to meet regularly on a schedule that works for both of you?
Personal connection: Is this firm or person someone you enjoy working with and feel comfortable with discussing your finances?
Where can you find accounting bookkeeping services in Buffalo, NY?
- Part-time individual : Search your network via friends, colleagues, Facebook, LinkedIn. Contact us for a personal recommendation.
- Accounting firm : See the Buffalo Chamber of Commerce , or call us at Blatner & Mineo CPA PC .
- Full-time CFO : Hire an executive recruiter, place an ad in the Buffalo News Classified Section , or use a professional platform, like LinkedIn.