Decide what financial accounting services you need for your small business

Specialized accounting firms cater to your specific industry; however, the services provided by these specialized firms varies greatly. Put together a list of all your requirements. Where some financial service businesses need an accounting firm to simply prepare federal taxes and compile financial reports, others look for more complex services.

I recommend: Horne, LLP provides accounting services, including tax preparation, audits and litigation services, to a broad range of financial institutions across the Southeast. Eide Bailly is a national CPA firm that offers comprehensive, specialized services to the financial industry.

Select from financial accounting firms with a commitment to customer service

Customer service is an important area to focus on as you search for the right accounting firm to partner with. You should choose a firm that offers prompt response times and knowledgeable representatives. In addition, make sure your account will get the attention it needs.

I recommend: McGladrey & Pullen, LLP, is a leading national CPA firm focused on accounting needs for midsize companies. Battelle & Battelle, LLP is another firm devoted to the needs of banks and credit unions.

Choose accounting for financial firms with the right technology

These days, technology is an important part of tracking your financial picture. When choosing a financial industry CPA, ask what they have to offer. Many firms offer everything from client portals to customized programs to manage your financial records.

I recommend: Parente Randolph has CPAs that specialize in financial services, and offers software to help you manage a broad range of financial transactions. BKD LLP lets you connect to your account online, and can help upgrade your company's financial tracking software.