Choosing the right bookkeeper
I always tell clients that there are several “general” levels or styles of bookkeepers, and there are pros and cons to each level.
The most common issue is that a store owner will hire someone to “do their books” in the interest of cost, and they do not understand that having someone to do your data entry is not good enough to ensure your books are accurate.
What is important to know about any bookkeeper is that there is no regulation on bookkeeping services. Anybody can offer them. They don’t necessarily need schooling or have to prove they are qualified in any way.
They might belong to an organization, but that does not mean they are qualified to do your books.
Many bookkeepers will specialize. Know who and what you are hiring.
Whatever style of bookkeeper you are using, you must know this:
- As the business owner, you are responsible for all costs.
- You cannot afford to assume anything when it comes to your books.
- This is your company. You are legally responsible.
- Make sure that you are doing what you need to do.
Bookkeeping is a very generalized term, and not regulated. Your bookkeeper should have these qualities:
- has some formal education with a recognized institution
- should have several clients that can provide a reference
- should be able to answer your questions intelligently, and without hesitation
- should be able to list at least 2 accountants that they are dealing with regularly
- should be 100% involved in their business and not treat it as a side job
- should be able to prove that they are engaged and learning from others in the business
- should be able to show you their working environment
There are several different styles of bookkeepers.