When appointing a book keeper people often choose a trusted person (family member) to do the task rather than a qualified person.
When looking at someone to do your accounts you need both:
- Trusted (given the access & information they see)
- Qualified – They need to know what they are doing & how to check their own work for mistakes. After all they are paying thousands if not hundreds of thousands of dollars out during the year (in wages & payables).
To many times I see people appointing a trusted person who isn’t qualified. I understand why they do this but this can have drastic consequences when things go wrong.
When looking to appoint someone to take care of your small business, don’t discount the complexity of the role of the accountant/book keeper. Just because a family member has done it before doesn’t mean they are good at it or qualified.
Data is often the first thing you look at when evaluating your business. So put someone in there who is trusted & qualified to make sure you get it right!