Warning Signs
Is your bookkeeper helping you grow your business or letting it spin out of control? Whether your bookkeeper is an accountant who’s been with the company from inception, or it's your cousin, you must have confidence that they’re doing their job well and with your company’s bottom line in mind. Their services could be what leads to cutting unnecessary costs and increasing your margins.
As a business owner, you might not know what good bookkeeping looks like, let alone the warning signs that your bookkeeper is bad at their job. To help, we’ve put together the top four telling signs to help you determine if you’ve hired a bad bookkeeper or one worth keeping.
WARNING SIGNS:
1. Non-Responsive: simple requests take a week(s) or no response at all.
2. Behind on the Books: Is it April and your January and February books still aren’t squared up?
3. Lack of Reports: No monthly reporting to review. A business owner needs accurate, timely, and insightful reporting.
4. Lack of Questions: Your bookkeeper doesn’t dig deeper and ask questions. Not asking questions usually means they don’t care.
A good bookkeeper is caught up on your books and meets deadlines. Your business will not grow if you are constantly trying to catch up. A good bookkeeper should help you identify problems and opportunity areas, driving forward your overall goals of growing the business while cutting costs.