Signs You Need To Consider Hiring A New Bookkeeper

IMG 6960 2A bookkeeper will always be considered necessary in every business especially if you are managing a fledgling company. Aside from making your financial activities more sensible, they are also considered your partner in running your business. There are different aspects of your business that you need to keep an eye on and in your absence, your bookkeeper should be able to keep track of your budget or cashflow so your business' financial aspect remains intact.  

However, there are problems associated with hiring a bookkeeper especially when their presence does more harm than good. Have you ever found yourself doing the task that a bookkeeper is supposed to carry out? If you think that your business operation is interrupted because your bookkeeper is unable to achieve your business' primary goals, it can already be a sign that you and your bookkeeper need to part ways. 

Signs You Need A New Bookkeeper  

1.Your bookkeeper fails to deliver financial reports and other forms to you on time. 

One of the reasons you hired a bookkeeper is for you stay on top of your business' financial aspect. Your bookkeeper does not make the entire process easier for you if they don't deliver timely reports. Find out if you contributed to the delayed submission. Have you sent the reports they need on time? If all things that the bookkeeper needs are made available to them before the deadline, you may need to think twice of keeping the same bookkeeper. While these reports require ample time to be completed, being consistently late means you need to consider another person for the job. 

2. Your bookkeeper is always busy or out with other clients. 

A bookkeeper that has strong commitment to your business should be available whenever you need to engage their service. There are days when you can be very busy and you need financial reports done ASAP. However, when your bookkeeper is nowhere in sight, you may want to choose someone that can devote his or her time for your bookkeeping task. It's time to bid your current bookkeeper goodbye if your bookkeeping tasks become the least of their priorities. 

3. Your bookkeeper does not take time to explain financial reports. 

As a business owner, you have the right to understand your financial reports and your bookkeeper should schedule a meeting to present the reports. If you are being denied of your right to obtain information of your business's financial aspect, how can you be confident that the figures on the report are correct? You don't have any assurance that ATO also gets the right information and this can spell trouble on your part.  

4. You receive repeated notices from ATO.

If you are constantly receiving notices from ATO, this only means that your business has not been taken care of correctly. This is considered a serious warning sign because if notices become very consistent, you may have to deal with bigger problems with ATO. You might also be flagged as a repeat offender and this could mean penalty on your part. 

5. Your bookkeeper fails to return your phone calls. 

Do you always find yourself in a waiting game when trying to check in on your bookkeeper? If your bookkeeper never returns your phone calls even when you left a message, this can be a sign that he is no longer interested in working for you. While there can be instances when employees encounter circumstances beyond their control, it is a different story if this happens regularly. 

Andrew Donnelly

Written by : Andrew Donnelly

Andrew Donnelly is a degree qualified accountant and registered tax agent. He is the principal of Brisbane Bookkeepers, which provides bookkeeping services to small businesses in Brisbane and its immediate surrounds.

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