Choosing the Right Bookkeeper

It can be a daunting experience hiring a bookkeeper. For a start, how do you know they are even qualified? If they are, have their qualifications been updated to incorporate new legislations? There are many questions to ask when choosing a new bookkeeper.Here are a few you should bear in mind.

Do they have experience bookkeeping in your industry?

Your bookkeeper should have qualification and be up to date with legislations, they may also need to be registered as a tax agent if they are going to be dealing with your business tax returns. It is also a good idea to employ a bookkeeper who has some experience in your industry. If you deal in retail and sell thousands of products per day, a good bookkeeper who has knowledge of retail income and expenditure would be a great asset. Also if you employ hundreds of staff, then a bookkeeper who has only worked with a small business with a workforce of 4 probably isn’t going to be a good fit. Ask them which type of clients they currently work with and request a conversation with some of their clients. This way you will find out if your potential bookkeeper is reliable and if their other clients have encountered any issues.

Have they worked with your accounting technology?

If you are fortunate enough to find a great bookkeeper with amazing testimonials from other clients who is also familiar with your existing accounting software – you may have hit the jackpot. Many bookkeepers keep up to date with specific technologies and accounting software, especially if they freelance and work on site, they may have worked with many. They will be able to provide you with assistance on the best new technologies and discuss ways in which you can improve your system.

How much does a bookkeeper charge?

If you are not planning to employ a full time bookkeeper and prefer to work on a more casual basis you can be charged by hourly rate or on a fixed term contract. Bookkeepers Melbourne have a wide range of solutions which involve either working on your premises or remotely. They can tailor make a package especially for you depending on your requirements. When you hire your bookkeeper explain clearly which tasks will be undertaken for you, some will provide you with packages which include accounting software and fees will be paid on a fixed rate basis every month.

What happens if my bookkeeper is ill or on leave?

When you choose a dedicated bookkeeping service there will be several staff ready to step in and take over should the need arise. They will all be qualified and familiar with the accounting software which their practise uses. If you are not employing your bookkeeper fulltime, or they are freelance – ask what provisions they have in place in the event that they are ill or on holiday. It would be bad for your business if you are left in the lurch at a crucial time.

If all questions are addressed at the start, all eventualities can be covered with little or no stress to yourself. When these things are taken care of, your business relationship with your bookkeeper can flourish and benefit both parties.

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