As a small business owner, you know that keeping track of finances is absolutely essential for the success of your business and one of the best ways to ensure that your finances are in good hands is by hiring a bookkeeper.
In this episode, I’m taking you through what you need to know when choosing and hiring a bookkeeper. Firstly, congratulations on making the decision to outsource and hire a bookkeeper! You’ll save so much time and energy in the long run and you’re making a very smart choice to outsource your numbers to an expert.
Now, it’s important to understand what a bookkeeper does. A bookkeeper does not replace your tax agent or your accountant. They’re responsible for keeping track of all financial transactions of a business, including accounts payable and accounts receivable, payroll, and financial statements. A bookkeeper is an important part of your team to help you stay organised, manage your cash flow, and ensure that your financial records are accurate.
When hiring a bookkeeper, it’s important to know that one size doesn’t fit all. Take the time to consider their qualifications, experience and make sure they specialise in your industry. Look for someone who works with similar businesses and is a registered BAS agent.
Another key factor to consider when hiring a bookkeeper is their software choice. You want to find someone who is familiar with the accounting software that you use, or who is willing to learn it.
I’ll take you through some of the red flags to be wary of when making your decision on who to hire. Don’t rush your decision and make sure they are the right choice for you and your business and don’t stress if you’re not currently up to date with all of your bookkeeping. A good bookkeeper won’t blink an eye if you’re behind and will help you get up to date accurately and efficiently.
And remember, it’s vital to establish a great working relationship with clear expectations and communication with your bookkeeper. You should have access to your accounting software, have regular check-ins to review your financial statements and provide documents, and always feel free to ask any questions that you may have.
Tune in to learn my key tips for hiring a bookkeeper and you’ll feel confident to find the right fit for you, your business and your team.
- Engaging A Bookkeeper? Here Are 10 Questions You Should Ask
- Choosing A Bookkeeper? Watch Out For These Red Flags
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