06 Jan What to Look For In a Good Bookkeeper
Hiring a bookkeeper is not an easy task, after all, the financial information produced by your bookkeeper can impact the decisions you make as a business owner. It’s important that the bookkeeper you hire has the adequate skills and training to complete your books. Take a look below to find out more.
Accounting is quite possibly the most important skill that your bookkeeper can have. One way to ensure that the bookkeeper has adequate training is to see if they have a professional designation. In Canada, up until 2015 there were three accounting designations available: Chartered Accountant, Certificated General Accountant, and Certified Management Accountant. Today, these designations are now combined under a single designation called Chartered Professional Accountant, or CPA. For example, at EveryEntry, we ensure your books are reviewed monthly by a CPA.
- Finer Details
Your accountant must be focused when it comes to the minor details. It is these little details that can cause major problems for you at a later date if not addressed early on. It is important that your bookkeeper has an understanding of Canadian tax legislation as this can impact how entries are recorded into your books.
- The Bigger Picture
You also want someone who is willing to work with you for the long term. After all, if you get a new piece of software, you want to make sure that they are willing to learn and understand it so you can both achieve better results for your business.
The situation of your business today may be vastly different from what your business looks like 5 years from now. It is important to find a bookkeeper who has the experience and versatility to take on any new financial tasks required for your business. Ensuring that your bookkeeper has adequate work experience will ensure they are prepared for whatever accounting and bookkeeping challenges that may arise in the future.