If you have made the decision to hire a bookkeeper, CONGRATULATIONS because now you will have more time to focus on making more money and giving more attention to your business. There are seven things you should do when you collaborate with a bookkeeper.
Share You, Share Your Vision
Tell the bookkeeper you’ve hired, why you got into the business. Update him about the product or service you sell. Enlighten him with you future five year vision such your plan to introduce new goods and / or how much money you intend to make. This would help because the more your bookkeeper understands your vision and your goals, the more he would feel like a member of your team. That would mean your bookkeeper will go the extra mile to achieve your goals with you.
Get in touch with the money side
Your bookkeeper would always need to know how you have dealt with your books and business in the past. Tell your bookkeeper all the relevant information he needs to know so that he could understand the requirement of his job better. Make sure you win his trust and motivate him towards high goals and objectives.
Update your bookkeeper how you want your financial information
One important aspect of bookkeeper’s job is to keep you updated about the financial information. Therefore, decide with your bookkeeper about how you would like to inform about your financial status. In other words, you need to tell your bookkeeper how much you want to communicate and how much info you want.
To work with you financial status, your bookkeeper will need access to your financial information such as your bank account statements or credit card statements. All most all bookkeepers would prefer online access to your financial information for instant access. You can also check out our top article here for more information. You’re might probably wonder, is that safe? Now this is where the trust factor plays the key role. To build trust, get 2 or 3 references before you hiring a bookkeeper. Also, consider doing a background check of the bookkeeper.
Many bookkeepers would also like to get the physical copies of your r invoices paid and receipts. You can obviously not trust sources like FedEx (tracking number is good), mail (could get lost) or fax? Hence remember, just because you have hired a bookkeeper doesn’t mean that you stop looking at your bank or credit card statements. Make sure you continue monitoring your account and credit.
Introduce your bookkeeper to your accountant
The better your relationship is with your bookkeeper; easier will life will be for you. There is a simple and great way for you to have a check and balance system on your bookkeeper. After reading this link:http://www.hlbhamt.com/payroll-services/payroll-process-and-management/ you get more information. Inform your CPA about the services that the bookkeeper will provide and also ask your CPA to periodically and annually evaluate the bookkeeper’s work. Moreover, have a conference call or face to face meeting with your bookkeeper and accountant and at least twice a year and collectively do a review of your financial statements together.