One of the most important choices you will make as an Entrepreneur is choosing the right bookkeeper. In general, a bookkeeper will have access to your personal and business account information, therefore, the qualities you are looking for in a bookkeeper are reliability, honesty, and integrity. Also, you must be confident that they are qualified to look after your books skillfully and with the utmost precision. Their attention and commitment to detail will make sure that the service is above average.
Scope of Work
In preparation for finding the right bookkeeper, it is very important to determine the possibility of work that a bookkeeper needs to perform for your business.
Several things to consider are:
– The frequency of data entry essential, for example: daily, weekly or monthly
– Bank reconciliation
– Management of accounts payable or accounts receivable
– Inventory control
– BAS lodgments
– Preparation of the payroll
Find the Right Bookkeeper or a Bookkeeping Service
Ask friends, family or business partners for any recommendations. Look closely at the credentials and testimonials of the bookkeeper. If they have an online presence, visit their website that will give more information on their qualifications, skills, and services. When you need your bookkeeper to make BAS lodgments for your company, the bookkeeper must be a registered ATO BAS agent to legally and efficiently lodge your BAS. Remember that not all bookkeepers are BAS agents, but most bookkeeping services will employ as a minimum an ATO Registered BAS Agent.
Interview the Right Bookkeeper
It is vital that you interview the bookkeeper and ask them certain questions. You need to find the right bookkeeper that best meets your financial requirements. The interview will also help you establish whether you will have a great relationship with the bookkeeper and trust them that they are the right one for your company.
Choose the Right Bookkeeper
After the interview, you should be able to perform an informed decision as to whether the bookkeeper is the exact one for your business. Note that the cheapest option cannot be the best, as you are paying for the services of an accountant who can boost your finances, provide you with quality services that add value to your business and, more importantly, best meet your requirements.
The right bookkeeper will be worth their weight in gold and will certainly save you stress, save money and valuable time, so you can concentrate on running your company. On a final note, select the right bookkeeper for their experiences, engagement, and experience to make sure they are a perfect fit for your company.
Ensure that the bookkeeper has a number of rules and regulations to follow. Usually, an experienced bookkeeper from an established company will have a set of codes of ethics in which they should perform their duties and responsibilities by. As an example of a code of ethics would be the Chartered Institute of Management Accountants (CIMA). Last but not least, it would be the reference. A bookkeeper should be proud to provide referrals as this can boost their company. Also, this indicates how reliable they believe they are and have self-confidence in the work they do.