How To Hire The Right Bookkeeper
Bookkeepers are an essential figure in any small business. As much as we would love to be able to handle everything ourselves – especially the finances – there just isn’t enough time in the day. It helps to take a step back, focus on other priorities and leave the bookkeeping to a professional.
First of all, you need to decide which type of service will meet your needs the best.
Should you go for an independent consultant or a firm? A part time independent consultant could be just as skilled and efficient as a member of a larger bookkeeping firm, but they may not have the experience. A full-time employee with a firm may not offer you their full attention. Many small business owners in Sydney like to hire in one person to come in and look at the figure each week, with regular one-on-one meeting and monthly reports. Others prefer that the bookkeeper is away from the office, working remotely with cloud data.
Understanding your requirements from this new member of staff.
The best way to hire the right bookkeeper is to understand what you need from them. Some professionals will suit those needs better than others, and it helps if you are both on the same page from the start. Therefore, you first need to consider the type of business that you have and the compatibility of a bookkeeper for that role. Bookkeeping is not a one-size-fit all approach, as there are different styles and requirements for different sectors. The bookkeeping approach for a farmer or a factory is not the same as a clothing store or interior design business.
Then you need to think about the volume of transactions and paperwork. How busy is the business and how will this reflect upon the workload of the bookkeeper. Essentially, how much work are they expected to do and how much data will they have to deal with on a monthly basis. Small independent businesses with weekly orders to suppliers and occasional high-end purchases have a lighter load, but important figures. Those with regular ingoing and outgoing transactions between manufacturers customers and others in the chain get a little more complex, but may follow a regular pattern. The bookkeeper must be able to handle the situation in question.
Then there is the software used. Most bookkeepers in Sydney will use online software and cloud data to share information remotely and securely. This is essential for up to date, real time information on the accounts and figures based on recent changes. This leads to a clear understanding of figures, dates and requirements to keep you both working to the same goals and idea. This software will also help with managing payroll days, tax returns, accountant meetings and monthly profit and loss reports.
Finally, once you know the type of bookkeeper that you want, you need to find them.
Finding the perfect bookkeeper for the job doesn’t have to be difficult. It is easy enough to search on social media platforms, such as LinkedIn, for Sydney locals that meet these requirements. Make sure to look for those with certification or membership with a professional association. Also look at their references for examples work in similar fields. Once you spot a good candidate, interview them – as they are an employee like anyone else. Find out if you can work with them, if they understand the job asked of them, and if they are personable. If so, you may have solved your bookkeeping problem.