If you manage your own property business, having a bookkeeper on your team is an essential part of staying organised and ensuring that everything is in order. A qualified bookkeeper can help you track income and expenses, create financial statements, remain compliant with tax laws and more. This blog post provides tips on finding the right bookkeeper for you and your property business.
Bookkeeping can be a time-consuming task, especially for small business owners who have to manage many other aspects of their business. By outsourcing this task to a bookkeeper, you can free up time to focus on other important aspects of your business that are going to be making you money.
Having a bookkeeper can give you peace of mind knowing that your financial records are in order and that your business is running smoothly. You'll be able to focus on what you do best - running your business - without having to worry about the financial details.
Below are a few tips on how you can help find the best bookkeeper for you and your business.
Determine your needs: Before you start your search for a bookkeeper, take some time to think about the specific needs of your property business. Do you need someone to handle your accounts payable and receivable? Do you need help with financial statements? Knowing what you need will help you narrow down your search and find a bookkeeper who can meet your specific needs.
Look for experience: When it comes to managing your property accounts, experience is key. Look for a bookkeeper who has experience working with property businesses, as they will have a good understanding of the financial challenges and opportunities specific to this industry.
Check references: Before hiring a bookkeeper, be sure to check references. Contact past clients to get an idea of the bookkeeper's experience and reliability. This will give you a good sense of whether or not the bookkeeper is a good fit for your business.
Consider technology: Today, there are many online tools and software programs that can help bookkeepers manage property accounts more efficiently. When looking for a bookkeeper, consider whether they are comfortable using these tools and if they can integrate them into your existing system. GoTenant integrates nicely with Xero to make your rent tracking easier, and systemised.
Communication is key: A good bookkeeper should be able to communicate effectively with you and your team. Make sure that the bookkeeper you choose is responsive and able to explain financial concepts in a way that you can understand.
Having a bookkeeper on your team is important for several reasons. First, a bookkeeper can help you keep your finances organised and in order. They can help you track income and expenses, prepare financial statements, and ensure compliance with tax laws. This can save you time and money in the long run. Additionally, a bookkeeper can help you make better business decisions by providing you with accurate financial information. They can also help you identify and address any financial issues early on, which can prevent major problems down the road.
You can find a bookkeeper by putting up an advertisement on a job hiring website such as indeed.
Here are the steps to hire through Indeed:
Create a job posting on Indeed: Go to Indeed.com and create an account. Click on the "Post a Job" button and fill in the details of the position you're looking to fill, including the job title, location, and description.
Review resumes and applications: Once your job posting is live, you'll start receiving resumes and applications from candidates. Review them carefully to find the best fit for your position.
Schedule interviews: Contact the most promising candidates to schedule an interview. You can do this through Indeed's built-in messaging system or by using your own contact information.
Conduct interviews: Conduct the interviews and ask relevant questions to determine the candidate's qualifications and fit for the position.
Check references: Before making a final decision, check the references of the top candidates.
Make an offer: Once you've found the best candidate, make them an offer through Indeed's built-in messaging system.
Onboard the new hire: Once the candidate accepts the offer, you can use Indeed to send out onboarding paperwork, such as an offer letter and an employment agreement.
Indeed also has a feature called "Indeed Apply" which allows candidates to apply to the job using their Indeed profile, which can save time for both the employer and candidate.
You want to make sure you advertise the job properly and include everything you are looking for from a candidate. It will save you time getting sent applications that are not qualified so it pays to spend time making the ad right.
In conclusion, finding the right bookkeeper for your property business is a crucial step in managing your finances. By following the tips outlined in this blog post, you can find a bookkeeper who is a good fit for your needs, has the right experience, and can help you make better business decisions. Don't hesitate to reach out to a professional bookkeeper, they can be a valuable asset to your property business.