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.
Most small business owners do not have anyone to consult with, so the decision to terminate an employee may be hard to make. Also, other business priorities may be preventing you from giving the requisite time to analyze this problem. Below are 10 reasons to assist you in making that decision, or to reinforce your decision to change your bookkeeper. If you are able identify with a couple of these reasons, or just one, and you are of the opinion that the problem cannot be corrected, then it may be time to terminate your bookkeeper or reduce their working hours.
1. Financial information is always received late and when received, it 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. Your bookkeeping doesn't seem as complex and you are too dependent on the bookkeeper.
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. The communication avenues are poor and you don't understand what the bookkeeper is saying.
7. Your bookkeeper seems too busy for new tasks and you believe that the new tasks are important and should be handled by your bookkeeper.
8. Your bookkeeper comes in late and leaves early and doesn't get all the wok done.
9. Given the decrease in your annual revenues, you believe you have too many people employed.
10. Other people have mentioned that's its time to terminate your bookkeeper or reduce the bookkeeping hours.
Remember,any one of above-mentioned indicators may provide the necessary impetus to internalize the bookkeeping within the family, assuming the replacement person is computer literate and/or is willing to become financially literate. Like any other accounting related decision, ask your CPA or accountant for their input.
Most small business owners do not have anyone to consult with, so the decision to terminate an employee may be hard to make. Also, other business priorities may be preventing you from giving the requisite time to analyze this problem. Below are 10 reasons to assist you in making that decision, or to reinforce your decision to change your bookkeeper. If you are able identify with a couple of these reasons, or just one, and you are of the opinion that the problem cannot be corrected, then it may be time to terminate your bookkeeper or reduce their working hours.
1. Financial information is always received late and when received, it 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. Your bookkeeping doesn't seem as complex and you are too dependent on the bookkeeper.
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. The communication avenues are poor and you don't understand what the bookkeeper is saying.
7. Your bookkeeper seems too busy for new tasks and you believe that the new tasks are important and should be handled by your bookkeeper.
8. Your bookkeeper comes in late and leaves early and doesn't get all the wok done.
9. Given the decrease in your annual revenues, you believe you have too many people employed.
10. Other people have mentioned that's its time to terminate your bookkeeper or reduce the bookkeeping hours.
Remember,any one of above-mentioned indicators may provide the necessary impetus to internalize the bookkeeping within the family, assuming the replacement person is computer literate and/or is willing to become financially literate. Like any other accounting related 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 financial information from work, home, or when traveling. Sandor Lenner, C.P.A.-M.B.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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