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The traditional bookkeeper's role has changed. Bookkeepers are traditionally used for data entry–they are put in all accounts, invoices, purchases and refunds, and then recording. The role of a good bookkeeper has changed with automation nowadays. A good bookkeeper knows your business and is able to recommend processes and practices to improve the efficiency of your operation. 7 Characteristics of a Good Bookkeeper 1. Most companies use accounting software-your accounting officer should know how to use the latest features to reduce account time. Some examples of these features are : Bank feeds–you can directly enter your software in the details of your bank statements and credit card statements. Regulations can be formed to automatically report daily purchases, to automatically make the payments of the client and supplier for proposed invoices and bills. Collection of time– workers should monitor payroll timesheets. Awards– Some systems allow payroll interpretation to be established, reducing the risk of incorrect payment. Provider bills– pdfs can be scanned and entered automatically directly into your software and key information. Provider relationship –a number of key providers are connected with the software companies so that bills with all the details recorded automatically appear in the software. There has been an enormous growth in Addon software that is usually specific to a particular industry vertical. Employee websites–workers can view payrolls to register for vacation and see vacation accepted. Management of employee expenses–claims submissions and reimbursements are managed. Mobility-Customer payments The bookkeeper should be able to recommend systems that support the company, eg time tracking, promotions and transactions. 2. Your bookkeeper should be able to recommend systems that help your business. Addon tech has evolved tremendously, which is traditionally unique to a certain vertical industry These add-ons manage operations or tackle key issues outside the scope of accounting. A good bookkeeper will be knowledgeable of the big additives to your client and will be able to propose recommendations. Your company will learn the add-ons and help them manage by an excellent bookkeeper. 3. Your bookkeeper will know all your business ' security requirements and should not miss deadlines. Many firms have mandated reports on Vat, PAYG, pension benefits, tax on salaries, wages for employees and fringe benefits. A good bookkeeper knows the information to be submitted and has prepared it, correctly and by the due date. 4. A good bookkeeper values accuracy. It is pointless to rely on data which is wrong. A good bookkeeper should look at the accounts, including the accounts, and see whether they look incorrect. You can solve problems and correct mistakes. We would respect reconciliations, such as bank accounts, credit-card accounts, clear-up accounts, PAYG due, GST accounts etc. we reconcile. You're going to contact the accountant. They manage the payable to ensure that suppliers are paid on time and not double-paid. You must guarantee the upholding of debit notes. They compare the claims of the manufacturer with the business data. They will manage the receivables so that debtors pay and there is a process for reminding overdue debtors and chasing delinquent payers. 5. A good bookkeeper loves information A good bookkeeper will report on the performance of business. At a minimum, the financial statements and balances will be provided. There are many important aspects of a business, so the bookkeeper will know which reports are useful for the business owner and managers and make sure that data is recorded in such as way as reports can be produced, and then run the required reports on a regular basis. You shouldn't have to ask for the reports–they should appear on your desk or in your inbox. 6. A good bookkeeper understands the importance of budgets and cashflow The future achievement of the business should be projected by a bookkeeper on the basis of the past. You know that budgets and cash flow management are needed to set the financial objectives and motivate employees to reach those objectives. You will calculate whether or not the actual figures follow the budget and estimate. They also believe the old statement "Cash is KING" and know how to plan what the cash position is in the future so that the company will avoid short-term expenditure, and how to determine how it will spend. 7. A good bookkeeper understands ATO legislation You know what the ATO wants to make sure you follow these requirements. Of example, if your bookkeeper is irritated with following your bank accounts and dockets, be confident that's because you have a professional bookkeeper who understands it business expenses must be shown in order to be paid of. A strong bookkeeper challenges transactions that tend to be confidential. Give us a call on 1300 049 534 if you don't receive what your current bookkeeper needs. Better yet look at our plans for bookkeeping. We are experts in bookkeeping services. Click here to get more details on Bookkeeping services rates Melbourne.
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