08 May 5 Non-Negotiable Qualities of a Good Bookkeeper
What are the qualities of a good bookkeeper to consider before hiring one? This is a question on the minds of a lot of business owners committed to making the best decisions for the future of their company.
Qualities of a good bookkeeper
Hiring a professional bookkeeper is the easiest, most profitable way to gauge how well your company is operating while continuing to grow your business. But not all bookkeepers are the same. The one you hire can be the difference between success and struggle. As you research your options, consider these five non-negotiable qualities of a good bookkeeper.
Trustworthiness is one of the most important qualities of a good bookkeeper.
So, it goes without saying that trust is a key factor when hiring anyone for your company. But when you’re relying on that person to manage your business’s financials, a whole new level of integrity is expected.
Your bookkeeper will be handling a lot of important information that must be kept confidential—not only because it’s beneficial to your company, but because you have a legal obligation to your customers to keep all of their records, including account balances, private.
By the way, here’s some advice for updating the financial records for your business.
Before signing a contract with a new bookkeeper, do your homework. Include a real-life scenario in your interview with prospects accompanied with “What would you do?” questions.
Reputation also goes a long way. Consider contacting your potential bookkeeper’s professional references for additional testimony.
A well-qualified bookkeeper will be knowledgeable in everyday bookkeeping practices. But they will also understand how those practices apply to your specific industry. They should be able to track your company’s financial progress, compare it to that of your competitors, and report important trends or differences.
Also, just like your business strategy is ever-evolving, so is technology. The Cloud has changed the way businesses run and keep financial records. This being said, your bookkeeper should be up to speed on these advancements to help you make the most of them, saving you time and money.
Maybe you’re not quite sure if outsourcing your bookkeeping is the right choice for your company. But relying on in-house help for bookkeeping can do more harm than good in some cases. Here are five signs it’s time to outsource your bookkeeping services.
Accurate reporting is ultimately rooted in good organization. Your bookkeeper should have a well-oiled system for interpreting data, preparing reports, and storing files. This will increase the efficiency of their work and the profitability of your company.
A bookkeeper who works in the Cloud and keeps digital records of your financials will also help you reach your business goals more effectively. With the time they’re not spending flipping back and forth between piles of paperwork, they can research helpful financial tactics, analyze your account more thoroughly, and point out areas of growth or opportunity.
We’re focused on the five qualities of a good bookkeeper today, but we also cover the five fundamentals of a good financial business strategy here.
4. Detail Oriented
One misplaced comma, period, or mistaking a 0 for an 8 could influence a judgment call and do serious damage to your company. Because of this, your bookkeeper must be very detail-oriented. They will be dealing with the numbers you use to make important financial decisions. A bookkeeper who is familiar with how your company operates will be able to detect patterns in your financial records and prevent mistakes.
Be sure to discuss your accountant’s review policy and ask about what safety nets they have in place to catch numerical mistakes.
So, what separates a “good” bookkeeper from the “best” bookkeeper? It’s their perspective on customer service and client relationships.
It’s not enough to be skilled in mathematics, knowledgeable, or organized. Your bookkeeper should have a respectful attitude during your interactions. But they should also be willing to go above and beyond to help you implement a solid business financial strategy.
Finding a proactive (vs. reactive) bookkeeper is the key to running a successful business.
When your bookkeeper regularly interacts with you and quickly responds to your questions or concerns, you can be sure your financial goals are being met.
At Two Roads, we see our clients as partners, not customers, and our job is to help you flourish. We firmly believe these five qualities of a good bookkeeper are crucial to running a successful and ethical business- both ours and yours.
Our bookkeepers are highly skilled and trained in every aspect of bookkeeping.
Here are some of the bookkeeping services we provide:
- Setup and Maintenance of QuickBooks Online (QBO)
- Reconciliation of your bank & credit card accounts
- Financial Reporting
- Paying the bills
Schedule an appointment online or call 865-212-0063 and see how we can satisfy your bookkeeping needs.
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This article was originally published in March 2017, but has been updated for 2020.