Your Bookkeeper probably knows a couple of things that can improve your profit,
Did you ever think to ask?

You have an amazing resource at your fingertips,
– are you tapping into all the benefits?

Most bookkeepers will have good experience across a variety of businesses, especially the ones working on very small and micro-businesses as they generally have a couple of clients on the go at any one time. Plus good bookkeepers are required to keep up their studies and training so , apart from keeping up to date, they also usually develop network of other bookkeepers from which to seek advice, learn tips and laugh about client mistakes!
(Just so you are really sure you have a good one – have a look at The Top 5 WORST Bookkeeper Errors)

6 Things to Ask your Bookkeeper Now

Avoid being laughed about (only joking I’m sure it couldn’t be YOU) – Use this checklist to tap into your Bookkeeper’s knowledge and skills to get the best for your business:

  • 1. Is my accounting packages set-up tailored to fit my kind of business?
    Most packages have options to vary the information, layout etc according to industry types – are you using the most suitable one?

  • 2. How can we renovate my reports so that they are easier to read?
    Is the most useful information most obvious; can you get appropriate summaries, but tap into the detail where necessary?
  • 3. Are there any expenses you think we can reduce?
    Is there a better deal to be found for phone, electricity, internet, etc? Are you getting late fines because of inefficiencies?
    Your bookkeeper probably sees a variety of plans and providers so can inform you of other options.
  • 4. What systems and processes can we put in place to make running the business easier?
    Accounting backups, Terms and Conditions re Debtors, rules for sales staff – make sure that the processes are as simple and efficient as possible, and nothing is missed or duplicated.
  • 5. Am I “Clean Audit Ready”?…
    If not what needs fixing – avoid leaving things till the last minute and find yourself in a pickle!

6. When was the last time you spoke to my accountant?

    A good bookkeeper will usually liaise to your accountant AT LEAST twice a year, once before the year end records are filed, to confirm any updates and once after the year end is completed to capture any changes. Additionally, they should also seek advice and guidance as issues arise or legislation changes.

Looking for more Bookkeeper Help?

LAST but not least

This checklist assumes you have hired a competent bookkeeper and together you have developed a good working relationship. So, if asking your bookkeeper anything at all seems to you to be even slightly problematic, then ask yourself:

Is it time to work on the relationship?
Is it time to hire a new bookkeeper?

Is it time to hire a new bookkeeper?

(share in the comments at the bottom of the page so the 500 or so people that regularly view these posts will benefit too.)

Now that you have a taste of what we can do… here are some more options to improve your business profits: