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Money & Finance Today



As a business owner, hiring a bookkeeper is a great step forward, allowing you to look after your clients and grow your business instead of spending your time watching the pennies. A good bookkeeper will free you up while keeping your books in good order, and they will look after the day-to-day financial records of your company. They will also be one of the most trusted members of your team. If you’re considering hiring a bookkeeper, here are 5 things to consider.

Where to look

There is a host of great resources available when it comes to finding a bookkeeper. You can take the traditional path of advertising for the position on employment websites or target your search more specifically. Dedicated websites for bookkeepers such as Australian Bookkeepers Network allow employers to post tailored job descriptions. Word of mouth is also a solid way to find a bookkeeper, particularly if you only require one on a casual or contract basis.

How often

How regularly you require a bookkeeper will depend on the size of your business. For some businesses, a full-time accounts person or team of bookkeepers is required, while other businesses observe a more casual arrangement. You may only need the bookkeeper to come in one day a week or they can take your paperwork home to handle.

Extent of duties

Depending on your type of business, a bookkeeper can handle anything from invoicing, accounts payable and receivable to payroll and tax preparation. They may also liaise with your customers when it comes to invoicing and accounts.

Their skills

While general bookkeeping doesn't technically require qualifications, seeking a bookkeeper with accreditation will be to your advantage. Qualified bookkeepers who hold a certificate, degree or diploma have met tax reporting criteria.

Other skills to look for in a potential bookkeeper is their ability to keep books clean. A good bookkeeper will be methodical and organised, with an awareness of the impact of well-kept records on a business. They should have good problem solving skills, an eye for detail, and if liaising with your customers, good people skills.

Bookkeeping requirements from industry to industry can also be quite different. So if you work in a specific field, it's wise to seek out a bookkeeper who may have experience in that area. They should also be up-to-speed or able to quickly familiarise themselves with the type of software you use.

References

As with any potential employee, you should check the references of the person applying for the role of bookkeeper. Former employers will be able to tell you how good the bookkeeper was at their job, whether they were organised, took initiative or had any weaknesses when it came to their work. It’s better to do a bit of research before you hire to avoid any poor matches.

Hiring a bookkeeper is an important step in any business. It typically means you are expanding and have found success. A bookkeeper will be part of that ongoing upwards trend, so be sure to find one that will support you well and add to your business by taking stress off your shoulders.


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