Top Five Things to Look For When Hiring a Bookkeeper

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Top Five Things to Look For When Hiring a Bookkeeper

Tax time is usually crunch time, and when taxes aren’t addressed in advance, it could lead to last-minute hassles and run-ins with the CRA. Bookkeeping is the most reliable way of practicing advance tax planning to avoid such situations. Hiring a bookkeeper or a tax planner ensures you will be free to do things essential to growing your business, while your books are maintained impeccably.

Efficient bookkeepers understand your industry, your business processes, and your requirements. Once hired, they hit the ground running and keep a record of your cash flow. They maintain a complete set of financial records, keep track of accounts, and verify the accuracy of procedures used for recording financial transactions. They also perform general accounting duties and are dedicated to your financial success as well as your business success.

To help you find a bookkeeper that has an excellent eye for detail, and cares about keeping your accounts up to date and error free, we have compiled a list of the top five things to look for when hiring a bookkeeper.

1. Keeps up with technology.

Your bookkeeper must look to the future, and strive to keep up with technology and procedures on the horizon. They should update themselves with the latest accounting software that will help in making the bookkeeping process accurate and fault free.

2. Knowledgeable.

Your bookkeeper must be knowledgeable, should understand bookkeeping principles and how to apply them to your situation. They should understand that every client’s financial situation is unique and must provide accounting services that suit each situation.

3. Detail oriented.

Attention to detail is essential for a good bookkeeper. It's the small items that add up to financial success. He/she should know that even a small mistake can get you audited by CRA.

4. Well-organized.

Being organized is key to working in the bookkeeping field. Knowing where to find information saves time and money.

5. Expert in maintaining books.

Maintaining excellent books is essential. Nothing less is acceptable from your bookkeeper. Keeping receipts or other adequate records of every payment to and every expenditure is of utmost importance for a bookkeeper. Summarizing your income and expenditure records on some periodic basis (daily, weekly, or monthly) is crucial as well.

If you’re looking for a bookkeeper in Dundas, Grenville and Stormont Counties, reach out to Hourglass Resources. We work with small business owners and individuals offering bookkeeping and tax services and are dedicated to seeing each of our clients succeed. To learn more about services that we provide,please click here. If you have any questions about bookkeeping, get in touch with us by clicking here.