This article is written for the business owner who has a bookkeeper and has thought about terminating that employee. As business owners, we need to make tough decisions all the time and this one is important. No matter what the company size, there comes a time for any business, to replace or eliminate an employee's position. No one likes to terminate an employee, especially in this economic environment. We all know, that its important to always care about our employees, so this type of decision is very important and often is hard to make. Sometimes your perception is blocked by your feelings for the employee which often results in no decision. This is article is written to help you realize that it may be the right time to make a decision.
As a small business owner, its tough to make this type of decision, because there may be no one to talk too, and also if you really haven't had the sufficient time to devote to this problem. Here are 10 reasons or indicators to help you make that decision or to reinforce your decision to change your bookkeeper. If you can identify with a couple of these reasons or perhaps just one, and you believe that the problem cannot be fixed, then it may be time to terminate your bookkeeper or reduce their working hours.
1. Financial information is received late and always has mistakes.
2. You or someone in your family have the time to do the bookkeeping and are financial and computer savvy.
3. Your wife, your parents, your in-law(s) or other family members lost their job and you need to replace their income.
4. You want to get more involved in the accounting because you are too dependent on the bookkeeper and your bookkeeping doesn't seem as complex as they make it out to be.
5. You have been fair, discussed this problem with the employee and it can't be fixed
6. You don't understand what the bookkeeper is saying.
7. Your bookkeeper doesn't answer your questions to your satisfaction.
8. Your bookkeeper comes in late and leaves early and doesn't get all the wok done.
9. The economy has negatively impacted your business and you think you have too many people employed.
10. Self Realization - A little birdie or an inner voice tells you that it's time to terminate your bookkeeper or reduce their bookkeeping hours.
Sometimes no decision is the wrong decision. If you have experienced one or more of the aforementioned indicators then it may make sense to internalize the bookkeeping within your family, assuming the replacement person is, or willing to learn, how to be computer and financial literate. Before making this decision, ask your CPA or accountant for their input.
As a small business owner, its tough to make this type of decision, because there may be no one to talk too, and also if you really haven't had the sufficient time to devote to this problem. Here are 10 reasons or indicators to help you make that decision or to reinforce your decision to change your bookkeeper. If you can identify with a couple of these reasons or perhaps just one, and you believe that the problem cannot be fixed, then it may be time to terminate your bookkeeper or reduce their working hours.
1. Financial information is received late and always has mistakes.
2. You or someone in your family have the time to do the bookkeeping and are financial and computer savvy.
3. Your wife, your parents, your in-law(s) or other family members lost their job and you need to replace their income.
4. You want to get more involved in the accounting because you are too dependent on the bookkeeper and your bookkeeping doesn't seem as complex as they make it out to be.
5. You have been fair, discussed this problem with the employee and it can't be fixed
6. You don't understand what the bookkeeper is saying.
7. Your bookkeeper doesn't answer your questions to your satisfaction.
8. Your bookkeeper comes in late and leaves early and doesn't get all the wok done.
9. The economy has negatively impacted your business and you think you have too many people employed.
10. Self Realization - A little birdie or an inner voice tells you that it's time to terminate your bookkeeper or reduce their bookkeeping hours.
Sometimes no decision is the wrong decision. If you have experienced one or more of the aforementioned indicators then it may make sense to internalize the bookkeeping within your family, assuming the replacement person is, or willing to learn, how to be computer and financial literate. Before making this decision, ask your CPA or accountant for their input.
About the Author:
Learn how QuickBooks Online offers the essential online accounting tools to manage your business and the freedom to access your financials from work, home, or when traveling. Sandor Lenner, C.P.A. has provided accounting services for over 35 years. He is also a Certified QuickBooks ProAdvisor and offers QuickBooks online support for a Miami Accounting CPA firm.
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