Essential Qualities of a Good Bookkeeper

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Essential Qualities of a Good Bookkeeper
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• Every business needs a great bookkeeper!
  Bookkeeping is one of the universal realities of
  being in business.
• Along with marketing, networking and website
  maintenance, keeping the books is one of those
  universal jobs that if left to get frazzled can
  really cause great harm to a business. So it
  makes sense to engage assistance to do basic
  bookkeeping. But exactly what services can you
  expect them to provide?
• We look at the 5 core roles of a good bookkeeper
  that will benefit you greatly.

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• Keep Your Day to Day Finances Organised
• Knowing your cash flow requires knowing what is
  coming into to your business and what is going
  out on a regular basis. This means keeping track
  of your companys daily accounting matters and
  this can be time consuming, frustrating or
  downright impossible depending on how little you
  understand about the process. Outsourcing to a
  bookkeeper means you get someone who is always
  looking after this aspect of your business so
  that you can focus on others.

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• Implement Systems that Make Your Accounting
  Easier
• A good bookkeeper will assess your current
  accounting system and what improvements can be
  implemented that will allow things to flow more
  smoothly within the business. Plus, it ensures
  that you are able to share the information your
  bookkeeper needs in a more efficient manner.

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• Sound Budgeting Facts
• You need a firm understanding of what can be
  considered investments, what are expenses, which
  invoices have not been collected, which bills to
  pay as well as which ones can be delayed, among
  other things. Having a bookkeeper means having
  someone on your side who has this knowledge. It
  also means having someone who can help you
  understand what proper budgeting means and how to
  implement it.

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• Generate Reports as Needed (Using Live Company
  Data)
• Financial reports will be important from time to
  time. These may be needed at the end of an
  accounting period, for tax purposes, when seeking
  a loan or when approaching a possible investor.
  Part of a bookkeepers role is to generate such
  reports from the company data you would have
  already provided. Also, he or she would also save
  you the hassle of updating said data if that
  needed to be done before running the report.

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• Help Save Money
• The advice, increased efficiency and overall
  expertise that come from using a bookkeeper will
  almost certainly save you money. In addition to
  this, you will spend less on an outsourced
  bookkeeper than you would spend on a permanent
  accounting employee. A bookkeeper therefore helps
  you save by showing you how to spend less and by
  costing you less overall.

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• These are not the only roles a bookkeeper plays.
  In fact, being a good bookkeeper can encompass
  many aspects. Here at iKeep we provide a complete
  service and are keen to assist you solve your
  bookkeeping problems.