7 Signs of a Good Bookkeeper

Posted by on Mar 16, 2017 in Blog

7 Signs of a Good Bookkeeper

A good bookkeeper is worth their weight in gold. While there seems to be no shortage of bookkeepers the world over, finding one that actually understands your company or even your niche, can be easier said than done. Here are seven signs indicating that your bookkeeper is indeed a ‘keeper’.

1. Up-to-date training or accreditation

Ideally, your bookkeeper of choice should have some bookkeeper or accounting training. It is particularly helpful if they are a BAS Agent as well so they can correctly assess your GST and prepare your BAS accurately and in a timely fashion.

2. Relevant bookkeeping experience

While training is good, experience in the role is even better. If you are basing your hiring decision on an hourly rate, don’t be so quick to make a decision. A qualified bookkeeper may be able to complete the workload in a fraction of the time and may be cheaper than a less experienced bookkeeper, despite higher hourly rates.

3. An understanding of your business

A great bookkeeper is one who understands your business and can help you with more than just simple math. You need a bookkeeper who can ensure the processes you are using are the best alternatives for your business and are streamlined at every turn. Time efficient processes are critical.

4. Aren’t afraid to ask questions

You want a bookkeeper who isn’t afraid to ask questions to get a better understanding of your systems and requirements. Guesswork or assumptions are not on when it comes to great bookkeeping practices. If they feel they are out of their depth, then they should not be afraid to call your accountant for advice.

5. A trustworthy individual

You need to know that your bookkeeper is reliable and won’t be sharing your accounting secrets with their friends at a dinner party. You need to have a good relationship with them to ensure that you feel comfortable about speaking honestly about your financials. If you hide information about your accounts, then they cannot help your business to the best of their ability.

6. Good communication skills

You need a bookkeeper with excellent communication skills who can best explain why you should be taking a particular route or who can help you get to the bottom of an issue. Three-way communication between your bookkeeper, your organisation and your accountant can be especially useful.

7. Problem-solving abilities

Bookkeepers are like detectives. When there is a problem, they need to have the capacity to get to the bottom of it. They must be able to come up with workable solutions after carefully analysing the situation and gathering data. Developing a fix is clearly optimal over ignoring the problem altogether.

Whether you are looking to hire a bookkeeper because you are a start-up, are tired of doing the books yourself, or are looking for an alternative, it is definitely worth not rushing the process. If you are too busy thinking outside of the box and don’t have time to focus on what’s in the bank, contact Accounts Studio. We have specialists in retail, foreign currency and inventory – there will always be someone here to answer your questions and provide advice as and when you need it.