Wednesday, April 22, 2009

5 Expectations to Set before Hiring a Bookkeeper for your Business

As a business owner, you might be wondering if you need the services of a bookkeeper for financial accounting of your business. Most business owners think that they will be able to learn any skill that is necessary to run their business better. But is it really that simple to learn to do your own books or does your business need the expertise of a bookkeeper? According to a well-known saying, if you try to be a jack of all trades, you will be master of none. It is hence advisable to hire a bookkeeper to do your business bookkeeping. Look for an experienced firm providing accounting services; they will have experienced bookkeepers for hire. However, there are a set of skills for a bookkeeper that help in the accounting and bookkeeping field and before you hire a bookkeeper, you’ll want to set some expectations to make sure he/she knows what to do. The following are some of them:
  1. Your bookkeeper should have a basic understanding of your indusAccounting Bookkeepingtry
    An expert bookkeeper with the basic knowledge about your industry will make a huge difference and you will be miles ahead on the learning curve if your bookkeeper already has a basic understanding of your industry. While the basic fundamentals of accounting and bookkeeping are similar, there are some variations according to the industry. Each industry has different terms which can be learnt on the job only. So be sure to look for a bookkeeper who has experience in your industry.

  2. Your bookkeeper should be good a communicator
    Communication will be a critical aspect of getting your accounting and bookkeeping done in a proper way. Your bookkeeper needs to understand your requirements and communicate any doubts or confusions clearly. Good communication skills will allow the bookkeeper to become a useful asset for your business.

  3. He/she should have the ability to integrate modern technology with the basics of accounting and bookkeeping
    The days of doing accounting and bookkeeping with hand are long gone; today all functions of bookkeeping are done with the help of latest computer softwares like Quickbooks, Peachtree, MYOB, Great Plains, other Sage Products and ERP Systems. Ideally, your prospective bookkeeper should know such technological changes or have the ability to learn them.

  4. A strong commitment to your business is a must for your bookkeeper
    While hiring a bookkeeper, it is essential that you find someone who will give his/her complete attention to your business; your business should be on the top of the bookkeeper’s priority list. Your financials will be impeccable only if your bookkeeper is focused on getting things done the right way.

  5. Your bookkeeper should be able to pay attention to details
    An ideal bookkeeper for your business would be one who is detail oriented. Perfection in business financials depends on the fine details of transactions, which the bookkeeper should be able to pay attention to. Such a bookkeeper will enable you to pay complete attention to the core activities of your business without worrying about the financial side of it.

It is critical for your business’s profitability that you set these expectations for a bookkeeper before bringing him/her on board. You will know where your business is headed through the financial records the bookkeeper will maintain. If the bookkeeper you hire meets all these expectations, then he/she will be a perfect addition to your business and team.




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7 comments:

Personal Tax Planning said...

Nice post explaining the factors before choosing a bookkeeper. As bookkeeping is very important for the business owner so he should have some knowledge of the bookkeeper’s ability and responsibility.

Paul said...

interesting article. it's vital that your bookkeeper knows what they are doing and has good industry knowledge. if you want to learn sage bookkeeping for yourself to a high standard try this site:

http://sage.skillstrain.co.uk

Bookkeeping Services Melbourne said...

Thanks for giving such a informative info on bookkeeping services.

Marc Jansen of Philippine BPO said...

Hi to the owner of this blog!

This blog gives me a tips on outsourced bookkeeping and accounting services, tax preparation click, compared to hiring the other in-house bookkeeper. My outsourcing field will be utilized more to make rich informational source.

Thank so you much for sharing this all your concerns and issues faced during outsourcing.

Marc Jansen
Philippine Outsourcing

Ronak Jain said...

These points are very apt and wonderful .

Asian Call Center said...

Nice Tips. they are all very helpful for businesses who are really hiring bookkeepers.

Unknown said...

Always looking for good bookkeeping information and I agree with what personal tax planning posted