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Four Signs That Your Bookkeeper Is Costing You Money

Updated: Oct 9, 2020

Bookkeeping can make or break a business. The cost of a bookkeeper can be more than the fees that the bookkeeper charges. Sometimes, the wrong fit can hurt a business more than it can help it. The good news is that there are some ways to know if the bookkeeper is not quite right.

Here are four signs that a bookkeeper might be costing a business money:

  1. Lacking communication: A good bookkeeper should have great communication skills. Monthly reports that are actually informative are just the beginning. A bookkeeper should be available to answer questions and give advice and be interested in their clients’ business.

  2. No growth in knowledge: Even though numbers are numbers, the bookkeeping industry constantly changes. If a bookkeeper isn’t keeping up with changing regulations, software that is more catered for your type of business, or better business practices, chances are they’re not as efficient as they need to be.

  3. Frequent mistakes: We get that nobody is perfect, but constant mistakes from a bookkeeper, no matter how small, can add up to be a big headache for business owners. If a bookkeeper tends to make constant mistakes, they might be costing the business. This is a sure sign that it’s time to look for someone new.

  4. Something feels off: Business owners should trust their gut instinct. It may be as simple as personalities clashing, which is reason enough to seek a different bookkeeper, or it could be more. If something feels off, trust that you know what’s right for your business and move on because unfortunately, some people don’t do what’s right, especially when it comes to money.

A good bookkeeper should function as a partner who wants to do his or her part to help a business grow. For solid bookkeeping for your small business in the Raleigh area or anywhere else through our virtual services, contact Raleigh Bookkeeping.

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