Things To Consider When Hiring A Bookkeeper
Thinking of hiring a bookkeeper, but don’t know where to begin your search? Finding the right bookkeeper could be the difference between a business that thrives and one that’s always trying to catch its tail. In other words, bookkeeping is not something you want to get wrong.
It’s the part of your business that helps keep you tax compliant to avoid penalties. The essential figures are also there to help keep track of your expenditure and profits. Poor bookkeeping will leave you falling foul of your financial obligations and prevent you from building an accurate picture of how your business is performing. This could stunt your growth potential which is to be avoided at all costs.
So, that being said we’re going to run through the key things to consider when hiring a bookkeeper to help you choose the right one for your business.
1. Decide whether to hire in-house or outsource
When it comes to choosing to hire in-house or outsourcing your bookkeeping, there is no right or wrong choice. It mainly boils down to preference over how you like to run your business. There are a host of benefits to choosing to outsource a bookkeeper.
2. Research what type of businesses a bookkeeper specialises in
If you’re a small business or operate in a specific or niche sector, you may want to seek a bookkeeper who specialises in that business sector and has a wealth of experience.
3.Check what services they provide and how flexible they are
Not all bookkeepers are created equal. Some are only prepared or trained to perform the basic service of recording your financial data, whereas others will be committed to offering more advanced services such as payroll services and suggest solutions to help streamline your business workflow.
You may also want to simply hire a bookkeeper on a temporary basis. For instance, you may just want them to go over some past records if a former employee was inexperienced and made mistakes. If this is the case, you’ll want to check how flexible a potential bookkeeper is.
4. Are they accredited?
To ensure you’re getting a high-quality service it can be helpful to check for accreditations, such as Xero certified bookkeepers.
If you’re a business looking for a bookkeeper to take care of your financial records and keep your business operations running smoothly, Ratiobox offers a Xero-certified outsourced accountancy service. Contact us today to speak to one of our advisors.