Hiring a book keeper can be a costly mistake if you hire an unqualified and inexperienced one.
Ask your potential book keeper the following:
- What are your qualifications? – If they will be preparing your BAS then they must be either a registered tax agent or a registered bas agent.
- Do they have experience in your industry
- what kind of clients do they look after
- can they use your accounting software and can they assist you with your queries with the software
- What fees do they charge
- Will you get savings from your accounting bills? (the number of clients we have come across in the past who thought they were doing the right thing by hiring a book keeper only to find out from us that the record keeping is well below standard and as a result additional accounting fees or book keeping fees will be required to rectified. ) Your book keeper is not just a data entry person, they need to ensure that all bank accounts, credit cards, and loans are reconciled, they should also reconcile the tax accounts, debtors and creditors, and superannuation. Your book keeper should be able to provide you with regular reports from your accounting program to assist you in monitoring your business.
For referrals to book keepers please give us a call as we have worked with some very good book keepers who we are sure will be able to ensure your accounting fees stay low.