There comes a time for any business, no matter what the size, that it's time to replace or eliminate an employee's position. This article is written for the business owner who has a bookkeeper and has given some thought to this topic. As business owners, we need to make tough decisions all the time. Perhaps, one of the hardest decision involves eliminating or reducing the hours of an employee. Lets face it, nobody likes to terminate an employee, especially in this economic environment. We all know, that its important to care about other people, so this type of decision is special and often is hard to make. Sometimes your perception of the problem is blocked by your feelings for the employee. So instead of making a decision, your perception creates a series of thoughts about the problem that results in no decision. This is article is written to help you realize that it's 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. You need to replace the income of your wife, your parents, your in-law(s) or other family members.
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 discussed this problem with the employee, it can't be fixed and you have made every effort to be fair and equitable.
6. Your bookkeeper doesn't communicate well with you.
7. Your bookkeeper doesn't answer your questions to your satisfaction.
8. Your bookkeeper seems to have a lot of extra time and doesn't seem to be able to distinguish between urgent matters and priorities.
9. The economy has negatively impacted your business and you think you have too many people employed.
10. Other people have mentioned that's its time to terminate your bookkeeper or reduce the 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. You need to replace the income of your wife, your parents, your in-law(s) or other family members.
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 discussed this problem with the employee, it can't be fixed and you have made every effort to be fair and equitable.
6. Your bookkeeper doesn't communicate well with you.
7. Your bookkeeper doesn't answer your questions to your satisfaction.
8. Your bookkeeper seems to have a lot of extra time and doesn't seem to be able to distinguish between urgent matters and priorities.
9. The economy has negatively impacted your business and you think you have too many people employed.
10. Other people have mentioned that's its time to terminate your bookkeeper or reduce the 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 been providing 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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