Set These Expectations For Your Bookkeeper To Meet

You may be a highly successful business owner or an entrepreneur with a multitude of skills, however,  if have not paid much attention to bookkeeping, then you should probably hire a bookkeeper to help you out. But before hiring an Excellent bookkeeper in Houston, TX or any other area, you need to ensure that they know what to do, and meet with your expectations as well. Here are the most useful expectations that you should set for your bookkeeper to meet and provide the required service your business needs.

They must have the basic understanding of accounting terms. They must have a very good idea on the difference between the five major types of accounts (liabilities, equity, income, expenses and assets).

They must have the ability to focus on the little yet important things, in other words, they must be detail-oriented.

They need to have the capability to understand the big picture. For example, if you purchase a piece of equipment, they must be able to understand the concept of setting up the asset and liability accounts.

They must be ready with a monthly financial statement on or on before the 10th of every month. The 3 basic financial statements include the profit/loss statement, the balance sheet and also the cash flow statement.

They must know how to do a correct job costing. It is essential that are keeping a track of all the costs by product and job detail. Job costing is imperative to the success of knowing how much your campaigns/projects will truly cost.