WHAT ARE THE QUALITIES OF A GOOD BOOKKEEPER?
Bookkeepers play a crucial role in the stabilisation of a business. These professionals provide businesses with much needed support to alleviate their financial situation utilising their expertise and skills. By accurate and error-free cashflow management and filing tax, these record keeping experts are able to set the drive of the progress of a business into action.
Nevertheless, it is extremely important for business owners to ensure that they hire the best bookkeeper in their locality. This will in turn make sure that their business will not suffer any negative effects due to inadequate knowledge and skills of an amateur. For this very reason if you are opting to hire a bookkeeper in Brisbane for the first time or trying to replace your old one, it is imperative to the qualities that you need to look out for.
There are specific capabilities and skills that bookkeeping Brisbane experts need to have in order to take charge of an organisation’s books and provide assistance when making vital decisions. With someone capable by your side, you can fully concentrate on growing your business in Brisbane, without having to worry about your business’ capital. So, without further ado, we’re giving you a list of qualities that you need to look out for when hiring a bookkeeper.
- MANAGEMENT AND ORGANISATIONAL SKILLS
It is especially important for bookkeepers to be proficient at organising their files. All company records need to be arranged and updated at all times. Even though most tasks are already automated thanks to the recent advancements in computer technology, there is still a need for a recordkeeper to monitor the incomings and outgoings of a business.
Their aptitude for management also needs to be fairly high to ensure that they are able to work meticulously and accurately with tons of data without committing any error. Quick interpretation on all reports generated by the accounting software is also a must. On top of that, the also need to draw reports which can be shared with other members of the board.
A good bookkeeper also needs to be able to spot weak products or services that are depleting the company’s capital and only offer limited amounts of returns. They also must be able to identify the products or projects that has the potential to bring in more profit. Furthermore, they must also have the capability to finish these reports in a timely manner.
- INDUSTRY EXPERIENCE AND QUALIFICATION
As you’re going through tons of resumés and portfolios, you are going to come many individuals in Brisbane who may seem qualified. But remember not to let yourself get drawn in just by their degrees, training, and certificates.
Look for a bookkeeper with hand-on experience in your respective industry. Choose a bookkeeper who has worked in your sector to ensure that they have a profound sense of the strengths and challenges of your specific industry.
Let us say that you are in the food industry, then it is not ideal to get a bookkeeper in Brisbane who has experience only in the banking industry. Choosing a Brisbane bookkeeper who has worked in the same industry, you will have the benefit of getting the best advice and insight when making vital financial decisions.
Aside from having familiarity with the tax laws regarding your sector, your bookkeeper will also have the tricks of the trade. He also has the least requirement for training to fit to your company in Brisbane.
- CREDIBILITY AND TRUSTWORTHINESS
A bookkeeper is like a doctor for businesses. You will be handing out all information regarding your business in Brisbane, including those that you consider classified and sensitive. Information that could be vital for the survival of your business. Thus, it is imperative to leave it to someone, who you are sure, can handle the responsibility.
Your bookkeeper needs to transparently deliver all vital data pertaining to bills and taxes to the board members and management, as well as inform the management of imminent financial challenges. He needs to truthfully state the opportunities that can be taken advantaged of to catapult the business and provide method to help the business generate more revenues.
It is also important to ensure that the bookkeeping company in Brisbane that you are hiring, is not working with a direct competitor, or revealing sensitive information that could be harmful to the organisation. To make sure that your bookkeeper has a clean record and have previously worked with respected companies in the sector, you need to carry out a proper background check. So as to make sure, get in touch with his or her references and ask them for feedback.
- WITH TECHNICAL KILLS
Cloud-based bookkeeping software is highly utilised to make sure that all bookkeeping tasks and responsibilities are carried out quickly and correctly. The old or traditional approach to data entry is hardly being used these days and have become obsolete.
So don’t choose a bookkeeping company in Brisbane who is not effectively utilising the most modern digital platforms. It is essential for a bookkeeper to create an ideal recordkeeping system, which will make everything methodical and systematic.
There are a variety of bookkeeping software out there today. A good bookkeeper in Brisbane needs to be skilled at utilising all these types of software. In addition, he needs to be knowledgeable with the most recent methodologies and technical developments that can be executed in the business to make it competitive and improve its productivity.
A good bookkeeper is also always ready to update or upgrade his/her skills whenever it is needed. He or she also need to know all the recently added or changed regulations and tax obligations of the business sector.
- MANAGING COMMUNICATION AND RELATIONSHIP
Look for a bookkeeper in Brisbane who has the ability to efficiently connect and communicate with other teams, as well as the management. This is vital for maintaining a friendly relationship with suppliers, vendors, clients and other employees.
One of the bookkeepers’ most important task is to maintain constant communication with the members of the board to give them updates about the financial status of the organisation. Good communication is especially helpful when issuing invoices and following up with Brisbane clients.
A good bookkeeper will politely make payment requests to ensure that the relationship with the loyal client is not strained in any way. This will also help hasten the payment, thereby ensuring that the cashflow is managed seamlessly in the business. Furthermore, your bookkeeper will also need to communicate with the tax authorities in Brisbane. Therefore, he or she needs to be credible and trustworthy, while also being courteous.
- CRISIS MANAGEMENT CAPABILITY
Crisis often occurs when running a business. The candidate bookkeeper needs to be highly skilled in working without any reservations at times of crisis. Your business will be going through many ups and downs and you need a professional who can take on all these challenges.
Your bookkeeper needs to provide highly helpful advice and assistance during financial crisis and go above and beyond to help you pull out your business during tough situations. Avoid candidates who procrastinate and those who do not have problem-solving approach, since they will not help you during trying times.
A bookkeeper in Brisbane needs to take immediate measures whenever he/she identifies a potential problem and solves the problem outright before it causes a chain reaction and develop into a full-on crisis.
- TIME MANAGEMENT
It is essential for a bookkeeper to have time management skill since accounting and managing the books can take up a lot of time and is quite painstaking. He/she needs to identify which tasks should take precedence, and which ones can be put off for later. On top of that, the bookkeeper also needs to ensure that all tasks are finished on time.
A bookkeeper in Brisbane also needs to be mindful about the payment schedules and deadlines, as well as ensure that the transactions are finished without incurring penalties due to late payment. Furthermore, it is vital for the bookkeeper to prepare all necessary reports for submission before the due date provided by the Australian Taxation Office and file them before the said dates.
If your bookkeeper is supervising a bookkeeping team, then the bookkeeper needs to be able to effectively delegate the tasks and be thankful to their subordinates in order to improve the morale and make the workforce more effective. If you are working with a bookkeeping company in Brisbane, then it is important for you to have easy access to the company. On top of that, the company also needs to ensure that they are always ready to hand out any time you need an important report.
Contact our bookkeeper Brisbane experts today
If you are looking for a bookkeeping expert in Brisbane, then it is important to make sure that you make use of the information provided above in order to pick the right person. This will ensure that you are making the right decision that will help catapult your business.