A bookkeeper is a little bit such as a GP – there’s one on every area,but great ones are hard to find. Moreover, when you choose to do find one, you should never let them go. However, how do you know if your bookkeeper is good, or even better, a great bookkeeper?
Let’s focus on what every bookkeeper should be before we look at what makes a great bookkeeper.
Training and Accreditation
Every bookkeeper must have some formal bookkeeper or accounting training and ideally be a documented Business Activity Claims (BAS) agent. A listed BAS agent means that the Duty Practitioners Panel are satisfied that the bookkeeper gets the required skills, qualifications and a minimum amount of experience toproperly take into account GST and prepare your BAS matching to legislation. Utilize this link to check if your bookkeeper is registered.
Like most specialists, the less experienced and less competent bookkeeper will usually be cheaper. However, judging bookkeepers by price is fraught with danger. If you are simply evaluating hourly rates, an extremelyexperienced bookkeeper will usually seem costlier. This is not true because most experienced bookkeepers will also work significantly faster and smarter than anyone who has less experience.
Great bookkeepers understand your process
He or she will take the time to essentially understand your business and exactly how you operate to allow them to ensure that the techniques are as smooth and efficient as you possibly can, and there is nothing skipped or duplicated. They will be in a position to see areas that can be streamlined in your small business.
Great bookkeepers ask questions
Many companies find questions irritating. However, to be able to ensure transactions are effectively allocated, it is better than your bookkeeper ask questions alternatively than aguess. Among my IT clients possessed a bookkeeper who allocated computer buys to ‘Computer Equipment’ in the total amount sheet somewhat than hardware acquisitions in ‘Cost of Goods Sold’.
Great Bookkeepers Know What They do notKnow
Not only do they know what is legally within their scope. For instance, BAS agents are not permitted to provide any tax or fringe benefits tax (FBT) advice. However, they are also not fearful to say “I do not know” rather than be concerned about looking ridiculous and will contact your accountant for advice.
Great Bookkeepers Do Their Research
A sign of a great bookkeeper is theperson who is up to date on what’s going on in the bookkeeping, accounting and technology spots. The bookkeeping and accounting business has evolved considerably within the last few years scheduled to changing systems.
Your bookkeeper should be trying to explain to you andstimulate you to use technology to save money and time by automating procedures with cloud accounting plans such as MYOB Necessities or MYOB AccountRight.
Great Bookkeepers Are People You Can Trust
Finally, the partnership between a customer and a bookkeeper is sacred. Many people will not show their financial details with friends or even family, yet this person is aware of everything – especially if you are using one take into account business and personal but that isanother article entirely.
Be sure you like your bookkeeper, that you trust them and feel safe being completely genuine with them. Your bookkeeper cannot help you get the most out of your accounts if youare notentirely transparent with them. Call bookkeeperco.com.au, now.