One of the most important parts of any bookkeeper’s job is to make sure that they are maintaining good, accurate records. Not only does this make their job easier, but it also costs the clients less and reduces stress levels. Choosing a good bookkeeper is the first step, but what else should people consider?
Choosing the right bookkeeper
Making sure your bookkeeper is capable of providing your business with good, accurate record keeping is the most crucial part of selecting a bookkeeper for your business. First, make sure what the requirements are to be a bookkeeper in the state you are operating your business. Do they need to be certified? Are they required to be members of a specific organization? Check your potential bookkeepers credentialing before committing to hire them. Also make sure you are asking about experience and skill. How long have they been in business? How many clients have they worked for? Don’t be afraid to ask questions. Also make sure they are proficient in whatever type of software you plan to use for your business. Another consideration is any potential security concerns. Working as a bookkeeper means they will have access to your personal and financial information, so trust is paramount to a good business relationship. Ask for references from both personal sources and former clients.
How can a bookkeeper keep good records?
Without good records provided by your bookkeeper, your business is dead in the water. The most important part of keeping good records is making sure the day to day is being recorded every single day. No exceptions. Your bookkeeper needs to be keeping track of every single penny coming in and going out of your business. They should be keeping and compiling receipts, payments received and paid out with no exceptions. Make sure they either provide their own or you provide them with the most up to date bookkeeping software to make their job easier and more accurate. There are many on the market so ask other small business owners if you have any questions about what the best software programs are and how much they cost. Good records save you money in the long run when you aren’t having to pay late fees or additional fines due to mistakes on your end of year taxes, so investing in a quality bookkeeping software for your bookkeeper ends up paying for itself in the long run. Make sure they have access to the entirety of your financial records and also work closely with your accountant, if you have one on staff. They can’t do their job sufficiently without all of the available tools and resources. Sit down with your bookkeeper regularly to maintain open and honest communication – using the information they provide will help you tailor your business and streamline your financial side to make the most and spend the least possible! Click here
When looking for a bookkeeper to keep track of your small business’s finances, make sure they are certified and using the most up to date software possible to guarantee accuracy and to save your business money. Please see bookkeeper.com.au for additional information and resources.