57. Good, Better and Best Bookkeepers
October 11, 2019
This episode is brought to you by my bookkeeping strategy sessions. When it comes to your bookkeeping, you’re probably in one of three areas. Doing it yourself, outsourcing some or all of your bookkeeping to a professional or understanding what the reports mean and making better business decisions from that information. Each of these stages comes with different struggles and questions. I can help with all three. Bring your questions, and I’ll bring some solutions. To book one of these sessions, email me at email@example.com. Now, on with the show.
Welcome back to the podcast!
Today we are going to chat about attributes of a good, better and best bookkeeper.
This is all apart of our outsourcing series! If you go back to episode 52, we start by talking about the difference between a bookkeeper, accountant, cpa and cfo. Then in episode 53 and 54 we talk about your expectation for your bookkeeper and your bookkeepers expectation for you. Episode 55 is a bonus episode with a book review and episode 56 is about where you can find a bookkeeper.
Like every single industry, you are going to have your good, better and best workers. I’m currently reading Brendon Burchard’s book High Performance Habits and bookkeeping definitely has its high performers and its low performers. Side note: I would definitely recommend you pick up a copy of that book either on amazon or your local bookstore.
So let’s talk about a good better and best bookkeeper and what I think puts them into each category.
Good: They do what they’re told. They don’t try to improve your systems, but they don’t mess anything up. They aim to please but they aren’t trying to be apart of the team or learn about your business. They know how to record your transactions, but maybe don’t know financial statements. They can run reports for you but can’t analyze what it all means.
Better: They are good plus they look for ways to improve your business. They do personal development and are sharing ideas on your company and ways to improve. They understand financial statements. They do some analysis on your financial statements but largely wan to leave that up to you.
Best: They are better plus they are constantly improving. They are finding ways to implement better procedures, look for things to streamline, don’t just want to use technology because it’s there, but because it will help your business meet its goals. They understand financial statements and they can analyze what the information means. They sit down with you and go through the information. They want you to meet your strategic objectives, they know what those are, and they find ways that the numbers can help you do that and track the progress. They expect that you have financial policies and procedures in place and are following them. They write/implement standard operating procedures if you don’t already have them. They are constantly busy because they know how much better it can be and strive for you to get there.
There is absolutely nothing wrong with any of these types of bookkeepers. You can have someone who is good that meets all the needs that you have right now in your business. You can have someone whose best who may be a bit much for what you need right now. Nothing is wrong with any of them. Just know that the differences are out there, and you can get different bookkeepers with a wide variety of skills and performance levels.
If you’re trying to find someone in a certain category, it can be tricky. You want to definitely hear from their previous clients and ask them the specific questions of what you’re looking for. ‘Did they improve your processes? Did they implement new technology? Did they understand financial statements? Did they analyze those statements with you?’
Making a list ahead of time of what you want is going to be key when you’re looking for someone beyond just the technical skills that they all need to have. It’s the intrinsic characteristics that set most bookkeepers apart.
If you want a PDF of the good/better/best attributes that I mentioned, you can find that in our private facebook group. You can join by going to lydiagmiller.com/join, answer a few questions, enter your email address and then you can have access to this PDF and others that are available.
I’d be honored to work with you. To get started, email me at firstname.lastname@example.org with the problem you’re having and we can discuss the best way to get to a solution.
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I would love to connect with you. You can find me on Instagram @lydia.miller.mba and always by email email@example.com.
So until next time, go, make it happen.