Does Your Bookkeeper Understand Your Business?

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On first glance, many business owners seem to think that accounting is the simple process of shifting numbers and cataloguing changes in numbers. However, this couldn’t be further from the truth, as utilising the services of an accountant that doesn’t thoroughly understand your business can have an insidious effect on its ability to grow and progress.

With that in mind, does your bookkeeper have the understanding and knowledge necessary to achieve your goals? What attributes should you be looking for when trying to find the ideal candidate for your accounting needs? That’s what we’re here to discuss today.

A Lean Toward Learning

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How can a bookkeeper help you to achieve your goals if they don’t understand what they are? While each business’ accounting needs will share similar elements, each business, company, startup and venture will have different KPIs and goals that they are looking to achieve. The sign of a good accountant is one that is ready and willing to adapt their processes to suit the needs of your business, as opposed to the “one fits all” approach that is often taken.

A bookkeeper that has a thorough understanding of your processes will be able to ensure that these processes are as simple and efficient as they can be. They will also be able to suggest changes and alterations to these areas that can streamline and simplify your systems moving forward.

The Experience Edge

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Especially for niche businesses that don’t necessarily fit into the standard mold in regards to standard practices, hiring an accountant with experience in your field is going to be highly fortuitous. While an experienced accountant may come at a higher fee than someone newer to the profession, the understanding of how to push businesses in your field forward is an invaluable asset that should not be overlooked.

Not only does this prior knowledge aid in more thoroughly understanding your goals, but it can also provide you with a snapshot of what has been successful for other businesses in your field. Assuming that you aren’t an accounting specialist yourself, a good bookkeeper should be able to assist in your understanding of business finance, allowing you to make more educated accounting decisions in the future.

Trust in Numbers

In most cases, the main reason that businesses hire professional bookkeepers is so that they can feel assured that nothing is being overlooked. So, if you don’t feel that your bookkeeping can be adequately handled without supervision, you are inevitably receiving less in relation to your investment.

An ideal bookkeeper should be able to perform tasks to a high standard autonomously, whilst still allowing enough transparency for you to observe progress and retrieve data where necessary. That’s why, at Next Level Accountants, our Always-Up-To-Date system allows you to track your financial records in real time, ensuring that you have the information you need anytime, anywhere.

With experience working alongside businesses across a variety of fields and industries, Next Level Accountants can suggest and implement an automated accounting process that is targeted to your business’ unique requirements and goals. So, to take your bookkeeping to the next level, call us today on 1300 360 137, or fill out this simple form to start your accounting journey today!