Why should I choose a qualified bookkeeper?
Posted on 18th February 2019 at 11:31
A bookkeeper can give you back valuable time to spend on your business.
How do you decide which bookkeeper to choose?
Firstly, and most importantly, your bookkeeper should have formal business and accounting qualifications and accreditations. These can include:
Association of Accounting Technicians (AAT) Diploma
International Association of Bookkeepers (IAB) Diploma in Bookkeeping - At least levels 1 and 2 from the Association of Chartered Certified Accountants (ACCA) or Chartered Institute of Management Accountants (CIMA).
Institute of Certified Bookkeepers (ICB) – Level 3 Certification.
Your bookkeeper should be an ongoing member of one of these professional bodies, keeping up-to-date with continuing professional development (CPD) and the latest legal and regulatory changes.
Every bookkeeper should hold a practice licence, which means that they agree to follow their professional Code of Conduct, and they should be registered under the Money Laundering Regulations.
They should also have Professional Indemnity and Public Liability insurance, so ask to see copies of their certificates.
Part of the team
Your bookkeeper is part of your business team. You will be in contact a least every month to keep your accounts up-to-date, so you will want to feel that they understand you and your business. Anyone you are considering as a bookkeeper should be happy to provide testimonials for you.
They should also be happy to take responsibility for managing the day-to-day input of your financial information, making sure you have a complete picture of your incomings and outgoings.
An experienced bookkeeper will probably cost a little more but should be able to work more quickly than one with less experience.
Making sure that your payments are received on time can be a really important part of your bookkeeper’s role. Knowing that you have someone who will follow this up for you will make your life a lot easier.
Your bookkeeper will be up to date with the latest software and processes which means that this is another thing that you won’t need to worry about. They will probably encourage you to use Cloud-based accounting package which will help to save you time and money, as well as meeting the requirements of HMRC’s Making Tax Digital for VAT.
For an informal discussion about your bookkeeping requirements, please get in touch.
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