Bookkeepers are a vital part of any business, no matter how big or small it might be. Bookkeepers keep a record of your transactions, profits, and expenses, they can either make or break your business depending on how well they do their job. Because of that, it’s best that you know how to select a competent bookkeeper. Here are some tips on what you should look out for when selecting your bookkeeper:
They are well organised
A competent bookkeeper must understand everything about your company. They have to know the industry, the processes of the business, and the requirements needed to make it run.
Your bookkeeper should keep everything organized and streamlined to guarantee that they can give you financial reports on time before government deadlines. It’s extremely important that your bookkeeper understands the importance of keeping your accounts error-free and up to date.
Your bookkeeper should have high ethics
It’s always best when both parties trust each other, it’s important that your bookkeeper has a high level of confidentiality and professionalism. As a business owner, you’re trusting the bookkeeper to keep your personal information, transactions, and documents up to date. The best way to ensure that your privacy is protected is with a confidentiality agreement. Your bookkeeper is a long-term investment, and someone that you will be working with closely, it’s important that you trust them.
Modern industry knowledgeAdvanced software tools for accounting are regularly updated and changed to improve the user experience for a business, your bookkeeper should be knowledgeable on modern accounting tools, as it will make the tracking and updates of documents, transactions, and information streamlined. This is beneficial for both the bookkeeper and the business owner.
Great communication skills are vital
One of the most important features of a bookkeeper is communication, if your bookkeeper takes over a day to reply to a simple email, they might not be best for your business – your bookkeeper should always be available in case any issues arise. There should also be a good relationship with the companies HR/billing department to ensure clarity and an efficient process.
Willing to ask questions
The best bookkeepers are never afraid to ask questions that can help improve tax costs, and your business’s process, they will always have ideas on how to better streamline and manage your company’s expenses. These ideas will normally be related to the companies cash flow, revenues, and financial strategies. Your bookkeeper must have a good understanding of where the business is in terms of its financial positioning, and the only way to do so is to ask a lot of questions.
Plizz provides cloud-accounting services for SMEs in Thailand, if you need help with your company or personal taxes, we are here to help. Get in touch today!